Explore the latest developments concerning UBS claims trading.
UBS claims trading bounty in CBA’s record fall
UBS’ hedge fund sales desk is back on the Commonwealth Bank gravy train.
Commonwealth Bank suffered its biggest single day loss since its 1991 IPO on Wednesday. Peter Braig
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The Commonwealth Bank appeared to be the first high-profile victim of Treasurer Jim Chalmers’ long-expected assault on property investors.
Commonwealth Bank, CSL, Cochlear – ASX heavyweights and once investor favourites – are getting their reckonings.
Our view after CBA shares plunge
Commonwealth Bank’s (ASX: CBA) third-quarter fiscal 2026 profit of AUD 2.7 billion fell 1% on the quarterly average of the first half. Two fewer days held back upside from loan growth and stable net interest margins, or NIMs, while an AUD 200 million increase in loan loss provisions weighed on the bottom line.
Why it matters: The update is largely as expected, with our fiscal 2026 profit forecast reduced modestly to include higher loan impairments. Even with the extra provisions, our fiscal 2026 loan impairments/loans forecast of 0.08% is well below our medium-term forecast of 0.15%.
The bottom line: We increase our fair value for wide-moat Commonwealth Bank by 5% to AUD 105, driven by the time value of money and a modest change to our cost of equity, now 8.9% from 9.0% previously.
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