Original article by Cliona O’Dowd
The Australian – Page: 15 : 10-Aug-20
The consensus of analysts is that the Commonwealth Bank of Australia’s 2019-20 cash earnings will be 10 per cent lower than previously, at $7.6bn. UBS expects the coronavirus pandemic to prompt CBA to increase its impairment charges for the second half to $1.9bn, which includes a $1.5bn COVID-related provision that the bank announced earlier in the year. Meanwhile, UBS forecasts that CBA shareholders will receive a final dividend of $0.95 per share, which would be in line with the Australian Prudential Regulation Authority’s revised guidance.
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, UBS HOLDINGS PTY LTD