COMMONWEALTH BANK OF AUSTRALIA (CBA)
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CBA

CBA - COMMONWEALTH BANK OF AUSTRALIA

FNArena Sector : Banks
Year End: June
GICS Industry Group : Banks
Debt/EBITDA: N/A
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Commonwealth Bank is Australia's largest retail bank with a market cap of over $122bn. It provides a range of financial services, including retail, business and institutional banking, plus broking facilities through CommSec. CBA was first listed in September 1991.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$182.53

09 Apr
2026

2.320

OPEN

$180.57

1.29%

HIGH

$182.53

1,816,310

LOW

$180.47

TARGET
$127.577 -30.1% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AFG . ANZ . BEN . BOQ . HLI . MYS . NAB . RMC . SUN . WBC .
FNARENA'S MARKET CONSENSUS FORECASTS
CBA: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 605.0 656.4 xxx
DPS (cps) xxx 485.0 505.0 xxx
EPS Growth xxx 6.6% 8.5% xxx
DPS Growth xxx 4.3% 4.1% xxx
PE Ratio xxx N/A 27.8 xxx
Dividend Yield xxx N/A 2.8% xxx
Div Pay Ratio(%) xxx 80.2% 76.9% xxx

Dividend yield today if purchased 3 years ago: 4.90%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.66

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 20/08 - ex-div 260c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx605.0
DPS All xxxxxxxxxxxxxxx485.0
Sales/Revenue xxxxxxxxxxxxxxx69,857.0 M
Book Value Per Share xxxxxxxxxxxxxxx4,711.9
Net Operating Cash Flow xxxxxxxxxxxxxxx8,676.0 M
Net Profit Margin xxxxxxxxxxxxxxx14.51 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx13.34 %
Return on Invested Capital xxxxxxxxxxxxxxx4.13 %
Return on Assets xxxxxxxxxxxxxxx0.78 %
Return on Equity xxxxxxxxxxxxxxx13.34 %
Return on Total Capital xxxxxxxxxxxxxxx4.30 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx249.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx103,572 M
Long Term Debt xxxxxxxxxxxxxxx179,152 M
Total Debt xxxxxxxxxxxxxxx282,724 M
Goodwill - Gross xxxxxxxxxxxxxxx5,289 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx54,381 M
Price To Book Value xxxxxxxxxxxxxxx3.92

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx1,636.0 M
Capex % of Sales xxxxxxxxxxxxxxx2.34 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx4,290 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx258,178 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

-1.0

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Ord Minnett

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Citi

12/02/2026

5

Sell

$140.00

-23.30%

Following interim results for CommBank, Citi raises its target to $140 from $137 after lifting its FY26-28 earnings forecasts by 2% and 3%, respectively. While noting ongoing market share gains to the majors, the broker's Sell rating for CommBank is retained on valuation.

A summary of research issued by Citi yesterday follows.

Today's interim result by CommBank beat Citi's expectations on higher net interest income (NII) and much better-than-forecast bad debt charges. Cash earnings of $5,445m came in around 5% ahead of the consensus forecast, while costs met expectation.

The key positive, according to the broker's initial assessment, was margin resilience. It's felt underlying net interest margin (NIM) commentary implied improvement through 2Q26 despite earlier signs of pressure and rising basis risk.

Asset quality trends were notably strong, the analyst highlights, with lower provisioning in business lending and a solid CET1 position supporting balance sheet strength.

The interim dividend of 235cps was slightly better than the broker was anticipating, reflecting better earnings.

While the result should be well received, Citi's valuation concerns remain unchanged.

FORECAST
Citi forecasts a full year FY26 dividend of 505.00 cents and EPS of 653.00 cents.
Citi forecasts a full year FY27 dividend of 520.00 cents and EPS of 684.00 cents.

UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

09/04/2026

5

Sell

$90.00

-50.69%

The RBA has rejected submissions from CommBank, National Australia Bank ((NAB)) and Westpac ((WBC)), proceeding instead with its preferred reforms.

The broker explains these reforms involve the removal of surcharging, lowering interchange fees to reduce cross-subsidisation between credit and debit cards, and improving transparency around card payment fees.

The analysts explain the abolition of card surcharging and changes to interchange fees will take effect from October 1, 2026, aligning Australia with regulatory settings in the EU and UK.

The debit interchange cap has also been reduced to 8c from 10c, representing a more favourable outcome than the initially proposed 6c.

Jarden has an unchanged Sell rating and $90 target for CommBank.

FORECAST
Jarden forecasts a full year FY26 dividend of 505.00 cents and EPS of 634.00 cents.
Jarden forecasts a full year FY27 dividend of 520.00 cents and EPS of 610.00 cents.
Access Extra Coverage Research History >

CBA STOCK CHART

FNArena News on CBA

1
Australian Broker Call *Extra* Edition – Apr 09, 2026

Apr 09 2026 - Daily Market Reports
2
Op-Ed: Why Lending Needs A New Trust Model

Apr 08 2026 - International
3
Next Week At A Glance – 7-10 Apr 2026

Apr 03 2026 - Weekly Reports
4
Rudi’s View: Strategists Touting Opportunities

Apr 02 2026 - Rudi's View
5
March In Review: Oil Price Up, Shares Down

Apr 02 2026 - Australia

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