tradingkey.logo

BUZZ-Commonwealth Bank of Australia gains in line with broader sector; MS sees revenue growth

ReutersJan 30, 2025 1:57 AM

** Shares of Commonwealth Bank of Australia CBA.AX rise 0.7% to A$160.19

** Stock's gains in line with a 0.6% jump in local financials .AXFJ

** Analysts at Morgan Stanley expect 1H25 earnings for the country's largest bank to continue to show revenue growth

** Brokerage sees lender's 1H25 margins to be above market consensus, and also eyes an eight-basis-point margin rise, compared with previous half-year period

** Underlying margin trends should be broadly stable vs 1Q25, with deposit impacts worth watching - MS

** Morgan Stanley thinks CBA should consider a further lift in its payout ratio, forecasts 1H25 CET1 ratio of about 12.4%

** We expect management commentary to be balanced, with references to ongoing competitive intensity and an uncertain macro environment - Brokerage

** CBA stock has gained 4.5%, YTD

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI