Commonwealth Bank of Australia News

Australian shares fell 0.6 percent on Tuesday, with banks taking a break from recent sharp gains while a series of profit warnings took a heavy toll on mining services firms.

Australian shares finished the session up 0.5 percent on Monday underpinned by a broad rally as upbeat economic data propelled Wall Street to record highs.

Australian stocks were higher in early action Thursday, led by financial, energy and retail sector gains, but further weakness in mining shares limited the benchmark's advance.

Commonwealth Bank of Australia said profit climbed 12% in its fiscal third quarter, as the lender squeezed higher profit from loans after holding back central bank rate cuts from its customers.

Commonwealth Bank of Australia , the country's top lender by market value, on Wednesday posted an 8.57 percent rise in third-quarter cash profit to A$1.9 billion , helped by a higher net interest margin.

Joseph Capurso, a Sydney-based foreign-exchange strategist at Commonwealth Bank of Australia, talks about the yen.

Australian shares edged up 0.3 percent to hit fresh five-year highs on Friday morning, as strong gains in the banking sector offset weakness in mining stocks and a fall in Wall Street overnight.

Investors seeking mortgage bonds outside recession-plagued Europe are heading to Australia , the world's fastest-growing major developed economy, boosting issuance to the highest in almost two years.

Concerns eased for the Australian wheat crop as Commonwealth Bank of Australia forecast a strong harvest, saying it was "too early to be alarmed" over setbacks from dry soils - which look poised for some rain relief.

Three of Australia's major lenders passed on in full the central bank's interest-rate cut for the first time in 17 months, sending benchmark home-loan costs to the lowest since 2009.

Commonwealth Bank of Australia , the country's top mortgage lender, cut its variable mortgage rate by 25 basis points on Tuesday, passing on the full quarter-point cut in the official cash rate.

Australian shares rallied 1.1 percent on Monday, buoyed by Wall Street's record highs after a surprisingly robust U.S. jobs report and as metal prices firmed, though weaker-than-expected retail sales figures trimmed gains.

Australian shares rallied 1 percent in early trade on Monday, buoyed by Wall St notching record highs after a surprisingly robust U.S. non-farms payroll report raised investor confidence and metals prices firmed.

Westpac Banking Corp, Australia's third-largest lender, posted a forecast-beating half-year profit on Friday, rewarding investors with a special dividend as it grew both its deposits and loan books while curbing costs.

Australian shares fell 0.5 per cent on Thursday, dragged down by financials and miners as disappointing US earnings reports and employment data added to broad concerns over the global economic recovery.

Australian shares climbed 1.3 percent on Tuesday to close at its highest level in almost five years, led by sharp gains in the financial sector as Australia and New Zealand Banking Group jumped to a record high after a strong earnings report.

The bank is looking into how it can enable customers to control their privacy settings when using mobile banking apps Customer demand for secure mobile banking has led the Commonwealth Bank of Australia to start investigating the development of privacy technologies to be built into its products and services.

Australian stocks rose Monday, with financial issues helping lead the advance, while Hong Kong stocks swung between modest losses and gains at the start of a holiday-shortened week.

Australian stocks rose Monday, with financial issues leading advances for the benchmark.

Australian shares reversed earlier gains to finish the session 0.1 per cent lower, as financial sector took a breather from a recent rally, offsetting advances made by miners on the back of strong metals prices.