Tag: ASX:CBA

Commonwealth Bank of is under Algo Engine buy conditions from the original signal in 2023 at $100. The subsequent signal last week at $134 represents a new higher low formation, and the buying range is $120 – $134.

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Commonwealth Bank of is scheduled to report its 1H22 result on 9 February 2022. Forecasting 1H22 cash earnings of $4.3bn with the FY22 interim dividend of $1.74 per share.

We remain underweight Australian banks.

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Commonwealth Bank of posted a 21% fall in half-year net profit to $4.88bn in the six months through December from $6.16bn a year earlier. Cash earnings fell 11% to $3.89bn.

An interim dividend of A$1.50 a share, down 25% on year.

We remain cautious on the local banks following the strong run-up in share values.

Commonwealth Bank of is under Algo Engine sell conditions. We remain concerned about the declining profitability in retail banking.

Sell or short CBA on a break lower in the short-term momentum indicators. 

Commonwealth Bank of is under Algo Engine sell conditions. We remain concerned about the declining profitability in retail banking.

Sell or short CBA on a break lower in the short-term momentum indicators.