Commonwealth Bank Pauses on Simplification Strategy
Commonwealth Bank of Australia’s first-half fiscal 2019 result was messy and slightly below our expectations. Cash earnings from continuing operations of AUD 4.7 billion increased 2% on the previous corresponding period, or pcp. Cash earnings including discontinued operations rose 2% to AUD 4.8 billion, modestly below the AUD 4.9 billion we expected. We liked the solid volume growth in the half with good outcomes for home loans, transaction deposits and business loans, offset by weakness in net ...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.
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.
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