Commonwealth Bank Well Positioned for Tougher Residential Investor Controls. AUD 85 FVE Unchanged.
Our positive long-term view on wide moat-rated Commonwealth Bank of Australia remains firmly in place following our regular post-result management catch-up. Our forecasts for steady earnings growth are intact with EPS expected to increase an average of 3.3% per year until end fiscal 2021, but dividends are forecast to grow at a slower average of 2.0% per year as we expect the payout to decline to 71% by fiscal 2021 from 76% in fiscal 2016.The market leader is moving ahead at a steady pace with...
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.
We have operations in 27 countries.
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