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Commonwealth Bank of Australia ADR CBAUY

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Company Profile

Business Description

Commonwealth Bank is Australia's second-oldest and largest bank with operations spanning Australia, New Zealand, and Asia. Its core business is the provision of retail, business, and institutional banking services. It is also a major fund manager, but a gradual exit from wealth management is ongoing. Commonwealth Bank operates the largest financial services distribution network in the country. The strategy, which has been stable and successful, emphasises a well-managed, diversified business model, strong balance sheet, stable financial platform, and conservative underwriting.

Contact
201 Sussex Street, Ground Floor, Tower 1
Sydney, NSW, 2000, Australia
T +61 293782000
Sector Financial Services
Industry Banks - Diversified
Most Recent Earnings
Fiscal Year End Jun 30, 2021
Stock Type
Employees 43,585