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OTCMKTS:CMWAY

Commonwealth Bank of Australia (CMWAY) Stock Price, News & Analysis

$97.70
-1.08 (-1.09%)
(As of 09/20/2024 ET)

About Commonwealth Bank of Australia Stock (OTCMKTS:CMWAY)

Key Stats

Today's Range
$97.30
$98.05
50-Day Range
$80.94
$98.78
52-Week Range
$59.95
$99.39
Volume
7,508 shs
Average Volume
18,946 shs
Market Capitalization
$163.51 billion
P/E Ratio
N/A
Dividend Yield
3.35%
Price Target
N/A
Consensus Rating
Sell

Company Overview

Commonwealth Bank of Australia provides financial services in Australia, New Zealand, and internationally. It operates through Retail Banking Services, Business Banking, Institutional Banking and Markets, and New Zealand segments. The company offers transaction, savings, and foreign currency accounts; term deposits; personal and business loans; overdrafts; equipment finance; credit cards; international payment and trade; and private banking services, as well as home and car loans. It also provides retail, premium, business, offshore, and institutional banking services; and funds management, superannuation, and share broking products and services, as well as car, health, life, income protection, and travel insurance. In addition, the company offers advisory services for high-net-worth individuals; equities trading and margin lending services; debt capital, transaction banking, working capital, and risk management services; and international and foreign exchange services. Commonwealth Bank of Australia was founded in 1911 and is based in Sydney, Australia.

Commonwealth Bank of Australia Stock Analysis - MarketRank™

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Overall MarketRank™: 28th Percentile

Commonwealth Bank of Australia scored higher than 28% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Earnings Growth

    Earnings for Commonwealth Bank of Australia are expected to grow by 1.08% in the coming year, from $3.69 to $3.73 per share.

  • Price to Earnings Growth Ratio

    Commonwealth Bank of Australia has a PEG Ratio of 22.38. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Commonwealth Bank of Australia has a P/B Ratio of 3.38. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    0.00% of the outstanding shares of Commonwealth Bank of Australia have been sold short.
  • Short Interest Ratio / Days to Cover

    Commonwealth Bank of Australia has a short interest ratio ("days to cover") of 0.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Commonwealth Bank of Australia has recently decreased by 35.56%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Commonwealth Bank of Australia pays a meaningful dividend of 3.41%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Commonwealth Bank of Australia does not have a long track record of dividend growth.

  • Dividend Sustainability

    Based on EPS estimates, Commonwealth Bank of Australia will have a dividend payout ratio of 87.67% in the coming year. This indicates that Commonwealth Bank of Australia may not be able to sustain their current dividend.

  • Read more about Commonwealth Bank of Australia's dividend.
  • Percentage of Shares Shorted

    0.00% of the outstanding shares of Commonwealth Bank of Australia have been sold short.
  • Short Interest Ratio / Days to Cover

    Commonwealth Bank of Australia has a short interest ratio ("days to cover") of 0.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Commonwealth Bank of Australia has recently decreased by 35.56%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Commonwealth Bank of Australia has a news sentiment score of 0.75. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 6 news articles for Commonwealth Bank of Australia this week, compared to 1 article on an average week.
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CMWAY Stock News Headlines

Forget Trump and Kamala
Forget Trump and Kamala. I don't care who you vote for - This calendar is the only thing that matters right now.
Jarden Keeps Their Sell Rating on Commonwealth Bank of Australia (CBA)
See More Headlines

CMWAY Stock Analysis - Frequently Asked Questions

Commonwealth Bank of Australia's stock was trading at $76.19 at the start of the year. Since then, CMWAY shares have increased by 28.2% and is now trading at $97.6980.
View the best growth stocks for 2024 here
.

The following companies are subsidiaries of Commonwealth Bank of Australia: Aussie, ASB Bank Limited, ASB Covered Bond Trust, ASB Finance Limited, ASB Holdings Limited, ASB Term Fund, Capital 121 Pty Limited, and more.

Shares of CMWAY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

Ex-Dividend for 10/7 Dividend
8/26/2024
Today
9/20/2024
Dividend Payable
10/07/2024
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Sector
Finance
Industry
Commercial banks, not elsewhere classified
Sub-Industry
Banking
Current Symbol
OTCMKTS:CMWAY
CIK
N/A
Fax
N/A
Employees
49,454
Year Founded
1911

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$42.93 billion
Cash Flow
$3.84 per share
Book Value
$28.92 per share

Miscellaneous

Outstanding Shares
1,673,580,000
Free Float
N/A
Market Cap
$163.51 billion
Optionable
Not Optionable
Beta
1.29

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Should I Buy Commonwealth Bank of Australia Stock? CMWAY Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, September 4, 2024. Please send any questions or comments about these Commonwealth Bank of Australia pros and cons to contact@marketbeat.com.

Commonwealth Bank of Australia
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Commonwealth Bank of Australia:

  • Commonwealth Bank of Australia saw a significant drop in short interest, indicating reduced bearish sentiment among investors. This could lead to potential price appreciation as more investors turn positive on the stock.
  • Plans for a dividend increase by Commonwealth Bank of Australia, with the dividend per share rising to $1.64, can attract income-seeking investors looking for stable returns.
  • Recent stock performance shows an upward trend, with Commonwealth Bank of Australia stock trading at $91.63, higher than its 50-day and 200-day moving averages. This positive momentum could signal further price growth.
  • Analyst upgrades, such as the "strong sell" rating being raised by UBS Group, may indicate improving fundamentals or market sentiment towards Commonwealth Bank of Australia, potentially boosting investor confidence.
  • Commonwealth Bank of Australia operates in multiple segments, providing diversification benefits to investors and exposure to various financial services markets, potentially reducing overall risk in the investment.

Commonwealth Bank of Australia
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Commonwealth Bank of Australia for these reasons:

  • Despite the positive aspects, the stock price of Commonwealth Bank of Australia has reached a 12-month high of $92.45, potentially limiting short-term upside for investors entering at current levels.

This page (OTCMKTS:CMWAY) was last updated on 9/20/2024 by MarketBeat.com Staff
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