CBA ASX

Banks dragged the local bourse much lower on Wednesday as the CBA shares caused a knock-on selloff in other banks.

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Retail favourites Brainchip (ASX:BRN) and Lake Resources (ASX:LKE) are selling off on Wednesday. Chip developer Brainchip is down over 11% in late Wednesday ...

“Broad-based and persistent services inflation is not the result of special circumstances like supply-chain disruptions that will eventually go away. “Core inflation, which excludes volatile food and energy prices, has historically been a better guide to where overall inflation will go in the future. [@PVAMU], Dallas Fed President Lorie Logan discussed the importance of continuing to increase the federal funds rate until inflation is on track to return to 2 percent in a sustainable and timely way. Energy prices, as measured by the PCE price index for energy goods and services, fell at a 16 percent annual rate over the last three months of 2022. And depending on how the U.S. The lodestar for the US central bank and ours is 2% inflation: “As it happens, for the last three months of 2022, headline PCE inflation slowed to an annualized rate of 2.1 percent. “Enhancing the Redbubble marketplace’s content quality and search and discovery is a primary focus for the Group to ensure customers can find products among four billion listings which appeal to their specific interests and needs. Respondents to the Dallas Fed’s Texas Business Outlook Surveys expect more than 5 percent wage growth in 2023, which is down significantly from what they saw in 2022 but still quite elevated. Looking forward, Redbubble said it will focus on ‘improving GPAPA margin and accelerate the return to cash flow positive’. Rubber produced in Fordlandia would be shipped to Ford’s factories in the US. “Within a day, the consequences of that meeting would reverberate around the world, as Twitter users opened the app to find that Musk’s posts overwhelmed their ranked timeline.

Wesfarmers climbs 1.3 per cent; ASX closes at 1.1 per cent loss; CBA margin concerns drag banks lower. Treasury Wines dividends jump, shares sink.

](https://www.afr.com/companies/financial-services/chalmers-puts-banks-on-notice-as-cba-delivers-record-profits-20230215-p5ckn4) “We expect to hear more on Kalgoorlie’s progress and any other options to see it meet customer requirements for FY24 should Kalgoorlie be delayed and/or experience a slower ramp-up. Our FY23 NPATA of US$2,669m is ~2 per cent above the top-end of guidance,” Citi said. But a shift away from China into other parts of Asia with the group’s flagship Penfolds brand has been a winner, with the diversification strategy beating company expectations. As the country’s biggest bank operating in a very mature, extremely competitive market, you wouldn’t expect CBA to extract much in the way of growth. The selling spilled over across the financials sector, which dropped 3.4 per cent. [Handing down a record interim profit of $5.2 billion on Wednesday](https://www.afr.com/link/follow-20180101-p5ckll), Mr Comyn said the Australian economy could avoid a recession if banks remained patient with customers and used the tools honed throughout the COVID-19 pandemic. A $1 billion buyback is the cherry on top. [Read the full story here. Broker Citi has increased its earnings per share estimates for CSL by 7 per cent and 10 per cent for FY 2024 and FY 2025 and rated the stock a buy. [Snoop Dogg](https://www.afr.com/companies/retail/treasury-wines-loses-key-driver-of-snoop-dogg-s-19-crimes-20220624-p5awa7) prominent on many of its labels, faltered in the US in the December quarter in the $US8 to $US15 segment. [9 per cent jump in cash profit to a record $5.1 billion](https://www.afr.com/link/follow-20180101-p5ckll) was bang in line with the market’s expectations, and the 20 per cent increase in its interim dividend to $2.10 was slightly better than market expectations.

The latest Commonwealth Bank of Australia (ASX: CBA) dividend has been declared. Here are all the details so you don't miss out!

The 22nd of February will be when CBA shares trade Notably, it also represents a 5% increase in the bank’s pre-COVID dividend. However, the good news doesn’t stop there. [dividend yield](https://www.fool.com.au/definitions/dividend-yield/) of roughly 4%. There is ample reason for investors in this ASX banking share to be chuffed this morning. [buyback](https://www.fool.com.au/definitions/share-buybacks/) by a further $1 billion. This is a much more severe opening reaction than what is playing out on the S&P/ASX 200 Index (ASX: XJO) right now, which is down 0.5%. [payout ratio](https://www.fool.com.au/definitions/dividend-payout-ratio/) target. Alongside growing the bank’s net profits to $5,153 million (up 9% year on year), CBA decided to pass on the winnings with a bigger dividend. [passive income](https://www.fool.com.au/definitions/passive-income/) portion that is particularly exciting. Yet, it appears the market had been hoping for more. [ASX: CBA](https://www.fool.com.au/tickers/asx-cba/)) shares for their dividend, you’re in for a treat today.

The Commonwealth Bank of Australia (ASX:CBA) share price is in focus after reporting its HY23 result and growing the dividend.

It means it’s still keeping almost a third of profit in the business to re-invest for more growth. A significant worsening could be bad news for the CBA share price. The bank said this represented continued capital and balance sheet strength. If the NIM is higher, then the bank is hopefully making more profit. CBA said that its NIM had grown to 2.10%. It compares the cost of the funding (eg term deposit interest rate) against the overall rate it’s lending out (eg mortgage loan rate).

The market was hit today as the influential banking sector weighed heavily on the index, accounting for ~2/3rds of the day's decline.

IPH (ASX: IPH) Whitehaven (ASX: WHC)* Telstra (ASX: TLS)* Newcrest (ASX: NCM)* NAB 1Q (ASX: NAB) ASX (ASX: ASX) South32 (ASX: S32) Magellan (ASX: MFG) Goodman Group (ASX: GMG)* Evolution Mining (ASX: EVN)* Domain (ASX: DHG) Bapcor (ASX: BAP )

Are S&P/ASX 200 Index (ASX: XJO) shares going to go through another painful fall in 2023? The outlook seems mixed.

But I think that the [declines](https://www.fool.com.au/2023/02/14/are-jb-hi-fi-shares-now-at-a-bargain-price/) are opening up long-term opportunities. The Commonwealth Bank of Australia ( [ASX: CBA](https://www.fool.com.au/tickers/asx-cba/)) [result](https://www.fool.com.au/2023/02/15/why-did-the-cba-share-price-just-sink-almost-6/) also showed another increase in [net profit after tax (NPAT)](https://www.fool.com.au/definitions/npat/) thanks to stronger lending profits. The RBA board expects that “further increases in interest rates will be needed over the months ahead”. The chief China economist of financial group Nomura, Ting Lu, said: “The mixed data send a clear message that markets should not be too bullish about growth this year.” CNBC reported that there has been a “sharp drop in loans to households” year over year. Last year, the ASX 200 hit lows in June 2022 and at the end of September 2022. But, even though interest rates are much higher than in June and September, the share market has recovered. [seen](https://www.fool.com.au/2023/02/15/are-temple-webster-shares-a-bargain-buy-following-tuesdays-27-fall/) with Temple & Webster Group Ltd ( [ASX: TPW](https://www.fool.com.au/tickers/asx-tpw/)) and JB Hi-Fi Limited. I think that when the market becomes scared, the sell-off usually happens when uncertainty is at its highest. [ASX: WES](https://www.fool.com.au/tickers/asx-wes/)) and JB Hi-Fi Limited ( [ASX: JBH](https://www.fool.com.au/tickers/asx-jbh/)) are still [reporting](https://www.fool.com.au/2023/02/15/wesfarmers-share-price-in-focus-as-revenue-jumps-27/) sales growth in January 2023. This thought can help investors remain positive. [banks](https://www.fool.com.au/investing-education/bank-shares/) like CBA and resource businesses like BHP Group Ltd ( [ASX: BHP](https://www.fool.com.au/tickers/asx-bhp/)), the index could be protected in 2023 by the banks’ higher lending profits and strong resource prices (thanks to Chinese [demand](https://www.fool.com.au/definitions/supply-and-demand/)).

CBA displaying an increase in profit in the half-year, claiming higher interest rates paid by consumers have still managed to offset its own expenses.

The fundamentals of the economy remain solid, with low unemployment, strong exports, and returning migration.’ CBA rose its interim dividend by 20% in offering $2.10 a share, fully franked, representing a payout ratio of 69%. Market analysts have been stewing on the bank’s proposed outlook and its relation to its results in the half year, wondering if such a result spells a peak in its margin, particularly given the current state of the economy and the likelihood of further interest rate hikes. The bank explained this was evidence of a strong capital position, as well as sound generation of profits which had been generated in the eye of the inflation-shaped storm. The bank reported a 12% increase in operating income, to the total of $13.5 billion, which CBA says was driven by volume growth in core products and recovering net interest margins, even as other operating income failed to hit the mark. By experiencing a 9% proft increase in the half-year, the bank says it’s reached a new half-year record, in the shape of $5.15 billion.

Commonwealth Bank saw its biggest one-day decline since November 2021 on Wednesday, dragging the S&P/ASX 200 below 7400 as shareholders dumped the blue-chip ...

The Kmart, Bunnings and Officeworks owner bumped up its first half dividend to 88¢ from 80¢ previously after it produced a 14.1 per cent rise in net profit after tax to $1.384 billion. This was partly linked to Corporate Travel having excess staff in a North American market that did not recover as well as anticipated amid airline disruptions and poor airport experiences. [ revealed lower iron ore prices over the half year to December 31 took its profit lower](https://www.afr.com/companies/mining/fortescue-shaves-dividend-payout-ratio-again-20230214-p5ckkd). [ result undershot market expectations](https://www.afr.com/companies/tourism/corporate-travel-talks-down-recession-bogeyman-20230213-p5ck6q). [ markets fret about a slowdown in the United States in cheaper price brackets](https://www.afr.com/companies/agriculture/snoop-dogg-s-19-crimes-slowdown-hurts-treasury-wines-20230213-p5ck4f). [ on its result](https://www.afr.com/companies/retail/wesfarmers-lifts-dividend-as-bunnings-powers-through-20230213-p5ck5q). CBA tumbled 5.7 per cent to $103, sending shockwaves through financial stocks. [ swung to an interim net profit](https://www.afr.com/companies/manufacturing/pact-group-s-net-profits-rebound-but-dividend-scrapped-20230214-p5ckfq) of $23.9 million after delivering losses a year earlier. [ after the company announced a share buyback and comfortably beat earnings expectations, despite a 16 per cent net profit slide](https://www.afr.com/companies/healthcare-and-fitness/cochlear-kicks-off-buyback-despite-16pc-profit-slide-20230215-p5ckma). [ Reserve Bank governor Philip Lowe’s appearance before Senate estimates](https://www.afr.com/policy/economy/lowe-warns-inflation-is-way-too-high-20230215-p5ckmv), delivering his first public remarks since the [ central bank’s surprise hawkish messaging on interest rates](https://www.afr.com/policy/economy/rba-lifts-cash-rate-to-3-35pc-says-more-increases-to-come-20230207-p5cim6) last week. [ federal Treasurer Jim Chalmers asked the competition regulator on Wednesday to investigate the banks’ timing](https://www.afr.com/companies/financial-services/chalmers-puts-banks-on-notice-as-cba-delivers-record-profits-20230215-p5ckn4) in passing higher rates to savers, saying it should be a “silver lining” for Australians when interest rates increase. [ CBA’s $111.43 record high share price](https://www.afr.com/markets/equity-markets/asx-to-rise-us-megacap-techs-surge-20230203-p5chlw) ahead of the result, warning there was very little margin for error.

The Commonwealth Bank of Australia (ASX:CBA) share price will be one to watch after the banking giant released its half year result...

This allowed the CBA board to increase its interim dividend by 20% to a fully franked $2.10 per share. However, we remain optimistic that a soft landing for the Australian economy can be achieved and positive on the medium-term outlook for Australia. This was driven by its strong operational performance, a rising rate environment, and higher loan loss provisioning. Operating expenses were well controlled during the half and increased 5% to $5,773 million. This reflects higher earnings on deposits, replicated products, and equity hedges in a rising rate environment, partly offset by increased competition. For the six months ended 31 December, Australia’s largest bank reported a 12% jump in operating income to $13,593 million.