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Commonwealth Bank Case Study

Decent Essays

What does the company do?
Commonwealth Bank, known as CommBank is Australia’s leading and most trustworthy bank. CommBank is Australia’s first and leading provider of integrated financial services which included retail, business and institutional banking, funds management, superannuation, insurance, investment and broking services. Commbank is one of the most recognised banks in the financial industry. The Commonwealth Bank is an Australian multinational with businesses around New Zealand, Asia, United States, United Kingdom and Fiji.
When did the company first become a listed company?
The Commonwealth Bank first became a listed company in 1911. The CommBank was founded by the Australian government. The bank listed on the Australian Stock Exchange list in 1991 and the government fully privatised it in 1996.

Describe the general trend in the company’s share price over the last six months. Include a chart.

During the time period of six months, the share price has fluctuated ranging from a high of $87.660 on April 27th, 2017 and a low of $73.240. on September 8th, 2017. e there has been a notable decrease in the share price from August 3rd ($83.970) to September 8th ($73.240) with a decrease price of $10.730 per share. The last closing share price on September 18th, 2017 was $76.690. To conclude the final share price has fluctuated from a significant change during the timeframe of six months.
Check the company’s last announcement to the market and describe why you think it might have been important for the company to make that announcement. If you think the most recent announcement wasn’t significant, pick an earlier

announcement and explain why you think the announcement was significant.
On Friday, 8th September 2017, Commonwealth Bank welcomed APRA announcement. The Australian Prudential Regulatory Authority regarding the ‘panel members and terms of reference for APRA’s inquiry into the Group’s governance, culture and accountability frameworks’. This means that the APRA announced that it has picked three panel members to conduct the previously announced prudential inquiry into the Commonwealth Bank of Australia. This would establish a prudential inquiry following a number of issues which

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