Commonwealth Bank: Model update re Q3 trading update

About the author:

Nathan Lead
Author name:
By Nathan Lead
Job title:
Senior Analyst
Date posted:
11 May 2023, 3:00 PM
Sectors Covered:
Infrastructure, Utilities, Banks

  • Commonwealth Bank (ASX:CBA) FY23F EPS largely unchanged, but downgraded 1-2% across FY24-25F. Forecast DPS downgraded 4-8% assuming lower payout ratio. Stronger capital position.
  • 12-month target price downgraded 2% to (login to view). HOLD retained, given low single digit potential 12-month TSR at current prices (including 4.3% forward cash yield).

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