Company
CommBank
Official Name: Commonwealth Bank of Australia
Headquarters: Sydney, NSW, Australia
Founded: 22 December 1911
Employees: 47,532
CEO: Mr. Matthew Comyn
Market Cap
A$213.94 Billion
AUD as of July 1, 2024
US$142.48 Billion
CommBank Categories
Australia Financials Banks—DiversifiedAustralia Financials Australia Banks—Diversified
Company Description
Founded in 1911, the Commonwealth Bank of Australia, abbreviated CBA or CommBank, is a multinational bank providing services in retail, business, and institutional banking, funds management, superannuation, insurance, investment, and brokerage services. It operates across Australia, and abroad in New Zealand, Asia, the United States, and the United Kingdom.
Top Competitors by Market Capitalization
Industry: Banks—Diversified
| Company | Market Cap (USD) |
|---|---|
| JPMorgan | $599.29 B |
| Bank of America | $316.02 B |
| ICBC | $268.78 B |
| Wells Fargo | $211.48 B |
| Agricultural Bank of China | $209.38 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $887.16 B |
| JPMorgan | $599.29 B |
| Visa | $550.38 B |
| Mastercard | $416.63 B |
| Bank of America | $316.02 B |
Detailed Description
Commonwealth Bank of Australia provides integrated financial services in Australia, New Zealand, and internationally. It operates through Retail Banking Services, Business Banking, Institutional Banking and Markets, and New Zealand segments. The company offers retail, premium, business, offshore, and institutional banking services; and funds management, superannuation, and share broking products and services, as well as car, health, life, income protection, and travel insurance. It offers transaction, savings, foreign currency accounts; term deposits; personal and business loans; overdrafts; equipment finance; credit cards; international payment and trade; and private banking services, as well as home and car loans, and importer finance products. The company also provides advisory services for high net worth individuals; equities trading and margin lending services; debt capital, transaction banking, working capital, and risk management services; and international and foreign exchange services. As of June 30, 2021, it operated 875 branches and 2,492 ATMs. The company was founded in 1911 and is based in Sydney, Australia.
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Stocks & Indices
Commonwealth Bank of Australia has the following listings and related stock indices.
Stock: ASX: CBA wb_incandescent
Stock: ASX: CBAPD wb_incandescent
Stock: ASX: CBAPE wb_incandescent
Stock: ASX: CBAPH wb_incandescent
Stock: ASX: CBAPI wb_incandescent
Product & Services
CommBank servicesConsumer bankingCorporate bankingCredit cardsFinance and insuranceGlobal wealth managementInvestment bankingInvestment managementMortgagesPrivate equity
Key People
Catherine Livingstone (Chairman) Matt Comyn (CEO)
Financials
Revenue: A$30.16 billion (2020)
Net income: A$9.63 billion (2020)
Total assets: A$1.014 trillion (2020)
Total equity: A$72.01 billion (2020)