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Commonwealth Bank of Australia company logo
Bank
FINANCE | Retail Banking
commbank.com.au

Investments

32

Portfolio Exits

8

Partners & Customers

10

About Commonwealth Bank of Australia

Commonwealth Bank of Australia provides financial services, including retail, premium, business and institutional banking, funds management, superannuation, insurance, investment and share-broking products and services. The company was founded in 1911 and is based in Sydney, Australia.

Headquarters Location

Sydney, New South Wales, 2000,

Australia

+61 2 9999 3283

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Research containing Commonwealth Bank of Australia

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CB Insights Intelligence Analysts have mentioned Commonwealth Bank of Australia in 1 CB Insights research brief, most recently on Nov 17, 2022.

Latest Commonwealth Bank of Australia News

ASX earnings: What can we expect from Coles shares next week?

Feb 22, 2024

Will Coles' next earnings be as dramatic as Woolies' were? Sebastian Bowen has been a Motley Fool contributor since late 2018. Sebastian found his passion for writing and educating others about shares and all things finance after completing his studies in political, economic and social science and enjoys bringing this passion to life at the Fool. His investment philosophy is a simple one – buying high-quality companies at prices that make sense. When he’s not researching his next investment at all hours of the morning, Sebastian enjoys classic movies and likes to unwind with a good book, newspaper or record. Latest posts by Sebastian Bowen ( see all ) Image source: Getty Images You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More We're still right in the middle of ASX earnings season this February. During this reporting period, we've already heard from the likes of Commonwealth Bank of Australia ( ASX: CBA ), Telstra Group Ltd ( ASX: TLS ) and CSL Ltd ( ASX: CSL ). Coles Group Ltd ( ASX: COL) shares are set to cross the proverbial earnings Rubicon next week on Tuesday, 27 February. As one of the ASX's most widely-known companies, as well as a favourite for income investors, a lot of eyes will be watching Coles shares next Tuesday. So what should ASX investors expect? Well, we can't know for sure until we hear from the company, of course. But we can point out a few things that could indicate what might be in store for shareholders. What kind of earnings will Coles shares report next Tuesday? Let's start by going through the numbers that Coles' arch-rival Woolworths Group Ltd ( ASX: WOW ) revealed this week. For the six months to 31 December 2023, Woolworths reported a 4.4% rise in revenues up to $34.84 billion. That helped the company achieve a 2.5% increase in profits before significant items to $929 million. However, Woolworths also recorded a net loss after significant items (mostly the $1.5 billion writedown of Woolworths New Zealand) of $781 million. Saying that, the company still rewarded shareholders with a 2.17% rise for Woolworths' next dividend . Investors are in line to receive the upcoming interim dividend of 47 cents per share, fully franked , on 11 April. That will be an increase of 1 cent per share from the company's 2023 interim dividend of 46 cents. If Coles shares offer investors better numbers next week than what Woolworths gave to investors this week, there's arguably a good chance investors will take it as a win. This is especially pertinent given Coles' quarterly sales update last October. As we covered at the time , Coles' numbers for the three months to 30 September 2023 indicated that Coles had lost market share to Woolworths. That was thanks to Woolies reporting a 6.4% sales growth figure for the quarter, which looked a lot better than Coles' equivalent 3.6% metric. So it will be interesting to see if this pattern solidifies in Coles' upcoming numbers. A "subdued year"? But investors shouldn't get their hopes too high, at least according to one ASX broker. Just yesterday, my Fool colleague covered the views of ASX broker Citi on Coles shares. Citi does currently have a buy rating on Coles, with a 12-month share price target of $17.50. However, the broker warned investors to expect "a subdued year" in FY2024, with earnings growth only projected to pick up in FY2025 and FY2026. But we won't know for sure how Coles' first half went until we hear from the company on 27 February. See you then. Motley Fool contributor Sebastian Bowen has positions in CSL and Telstra Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended CSL. The Motley Fool Australia has positions in and has recommended Coles Group and Telstra Group. The Motley Fool Australia has recommended CSL. The Motley Fool has a disclosure policy . This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. More on Consumer Staples & Discretionary Shares

Commonwealth Bank of Australia Investments

32 Investments

Commonwealth Bank of Australia has made 32 investments. Their latest investment was in GoZero Group as part of their Line of Credit on February 09, 2024.

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Commonwealth Bank of Australia Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/9/2024

Line of Credit

GoZero Group

$51.94M

Yes

2

2/1/2024

Series C

Amber

$19.02M

No

2

9/11/2023

Seed VC - II

Hnlanyue

$13.7M

Yes

2

8/4/2023

Line of Credit - IV

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$99M

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10

7/24/2023

Series A

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$99M

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10

Date

2/9/2024

2/1/2024

9/11/2023

8/4/2023

7/24/2023

Round

Line of Credit

Series C

Seed VC - II

Line of Credit - IV

Series A

Company

GoZero Group

Amber

Hnlanyue

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Amount

$51.94M

$19.02M

$13.7M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

2

2

2

10

10

Commonwealth Bank of Australia Portfolio Exits

8 Portfolio Exits

Commonwealth Bank of Australia has 8 portfolio exits. Their latest portfolio exit was Lygon on January 17, 2024.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/17/2024

Asset Sale

$99M

1

6/13/2023

Acquired - II

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$99M

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10

7/1/2021

IPO

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$99M

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10

6/21/2021

Divestiture

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$99M

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10

5/12/2020

Shareholder Liquidity

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$99M

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10

Date

1/17/2024

6/13/2023

7/1/2021

6/21/2021

5/12/2020

Exit

Asset Sale

Acquired - II

IPO

Divestiture

Shareholder Liquidity

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

10

10

Commonwealth Bank of Australia Acquisitions

4 Acquisitions

Commonwealth Bank of Australia acquired 4 companies. Their latest acquisition was Whitecoat on May 05, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/5/2021

$99M

Acquired

4

11/6/2018

Other

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$99M

$99M

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10

1/19/2016

Series B

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$99M

$99M

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10

8/31/2011

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$99M

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10

Date

5/5/2021

11/6/2018

1/19/2016

8/31/2011

Investment Stage

Other

Series B

Companies

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Valuation

$99M

$99M

$99M

$99M

Total Funding

$99M

$99M

Note

Acquired

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Sources

4

10

10

10

Commonwealth Bank of Australia Partners & Customers

10 Partners and customers

Commonwealth Bank of Australia has 10 strategic partners and customers. Commonwealth Bank of Australia recently partnered with Supply Nation on January 1, 2024.

Date

Type

Business Partner

Country

News Snippet

Sources

1/22/2024

Partner

Commonwealth Bank & Supply Nation Join Forces To Launch Support The Growth Of Indigenous Businesses

Commonwealth Bank and Supply Nation have today announced their collaboration to launch a new bespoke offering to support the Indigenous business sector .

1

12/7/2023

Partner

United Kingdom

Commonwealth Bank and Vodafone unite to tackle rising SMS scams

Commonwealth Bank has embarked on a partnership with Vodafone which aims to bolster defenses against the escalating threat of SMS scams .

2

12/6/2023

Partner

Australia

CBA, Vodafone team up in SMS scam initiative

The Commonwealth Bank of Australia and Vodafone Australia have teamed up under a new partnership to share `` scam intelligence '' to improve their ability to block scam activity .

1

11/27/2023

Partner

United Kingdom

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10

9/20/2023

Partner

United States

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10

Date

1/22/2024

12/7/2023

12/6/2023

11/27/2023

9/20/2023

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

United Kingdom

Australia

United Kingdom

United States

News Snippet

Commonwealth Bank & Supply Nation Join Forces To Launch Support The Growth Of Indigenous Businesses

Commonwealth Bank and Supply Nation have today announced their collaboration to launch a new bespoke offering to support the Indigenous business sector .

Commonwealth Bank and Vodafone unite to tackle rising SMS scams

Commonwealth Bank has embarked on a partnership with Vodafone which aims to bolster defenses against the escalating threat of SMS scams .

CBA, Vodafone team up in SMS scam initiative

The Commonwealth Bank of Australia and Vodafone Australia have teamed up under a new partnership to share `` scam intelligence '' to improve their ability to block scam activity .

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Sources

1

2

1

10

10

Commonwealth Bank of Australia Team

75 Team Members

Commonwealth Bank of Australia has 75 team members, including current Chief Executive Officer, Matt Comyn.

Name

Work History

Title

Status

Matt Comyn

Chief Executive Officer

Current

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Name

Matt Comyn

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Work History

Title

Chief Executive Officer

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Status

Current

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