CBA buyback tipped as earnings swell

Original article by Joyce Moullakis
The Australian – Page: 18 : 9-Aug-21

The consensus of analysts polled by Bloomberg is for the Commonwealth Bank of Australia to post a 2020-21 cash profit of $8.62bn. This compares with $7.2bn for the previous financial year. CBA’s dividend payout for the full year is expected to be $3.427 per share, with investors having received an interim dividend of $1.50. Meanwhile, Brian Johnson of Jefferies expects CBA to return surplus capital to investors via a $5.5bn off-market buyback. National Australia Bank and the ANZ Bank both recently announced buybacks.

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, JEFFERIES AND COMPANY, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

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