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An announcement from Commonwealth Bank of Australia ( (AU:CBA) ) is now available.
The Commonwealth Bank of Australia announced that the Full Court of the Federal Court of Australia has made final orders in the appeals from the Zonia and Baron shareholder class actions. The court concluded that the appellants did not prove any loss, resulting in no damages awarded. However, it was declared that CBA contravened the continuous disclosure regime by failing to disclose certain matters in 2017. The proceedings will continue under a single judge for any additional claims that do not relate to the alleged inflation of CBA’s share price during the specified period.
The most recent analyst rating on (AU:CBA) stock is a Sell with a A$143.70 price target. To see the full list of analyst forecasts on Commonwealth Bank of Australia stock, see the AU:CBA Stock Forecast page.
More about Commonwealth Bank of Australia
Commonwealth Bank of Australia (CBA) is a major financial institution in Australia, operating in the banking industry. It provides a wide range of financial services including retail, business, and institutional banking, as well as wealth management and insurance products. CBA focuses on serving individuals, businesses, and institutional clients primarily in the Australian market.
Average Trading Volume: 2,000,477
Technical Sentiment Signal: Buy
Current Market Cap: A$282.5B
For detailed information about CBA stock, go to TipRanks’ Stock Analysis page.