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An update from Commonwealth Bank of Australia ( (AU:CBA) ) is now available.
The Commonwealth Bank of Australia announced the departure of its Group Executive Technology and Group Chief Information Officer, Gavin Munroe, who played a significant role in advancing the bank’s technology modernization and AI capabilities. The bank has made substantial progress in technology delivery and AI maturity, including a major migration of its SAP Core Banking platform to AWS. Interim leadership will be provided by Rodrigo Castillo and Victoria Ledda, ensuring continuity in the bank’s technology strategy.
The most recent analyst rating on (AU:CBA) stock is a Hold with a A$162.00 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 is a leading financial institution in the banking industry, offering a wide range of financial services and products. The bank is focused on technology modernization and AI capabilities, positioning itself as a leader in AI maturity within the financial services sector.
Average Trading Volume: 1,908,020
Technical Sentiment Signal: Buy
Current Market Cap: A$255.9B
See more data about CBA stock on TipRanks’ Stock Analysis page.