Report
David Ellis
EUR 100.00 For Business Accounts Only

CBA is Australia's most profitable bank with leading market shares across key consumer product sets.

Wide-moat-rated Commonwealth Bank of Australia has confirmed the conclusion of a strategic review of its global investment management business, Colonial First State Global Asset Management, or CFSGAM. The bank has decided to pursue an IPO of CFSGAM on the Australian Securities Exchange by the end of calendar 2018, subject to market conditions and necessary approvals.
The strategic review was announced in September 2017 and considered a range of options, with the two most likely outcomes a trade ...
Underlying
Commonwealth Bank of Australia

Commonwealth Bank of Australia provides integrated financial services including retail, business and institutional banking, funds management, superannuation, life insurance, general insurance, broking services and finance company activities. Co. operates in seven segments, Retail banking Services, Business and Private Banking, Institutional Banking and Markets, Wealth Management, New Zealand, Bankwest, as well as International Financial Services and Other Divisions. As of June 30 2016, Co. had total assets of A$933.1 million and total deposits of A$588.0 million.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
David Ellis

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