Commonwealth Bank of Australia (ASX: CBA) is Australia’s largest bank, with commanding market share of mortgages (24%), credit cards (27%) and personal lending markets. It has 16.1 million customers, 14.1 million are in Australia. It is entrenched in the Australian payments ecosystem and financial marketplace.
ASX bank shares have pushed the ASX 200 higher today as the market reacts to extra Chinese stimulus, more positive share market momentum, the government’s JobMaker program, and rising expectations of a return to normal.
I was lucky enough to go live on Sky News’ Business Weekend with Ticky Fullerton and chat about Commonwealth Bank’s (ASX: CBA) third-quarter report and Westpac Banking Group’s (ASX: WBC) theoretical multi-trillion-dollar AUSTRAC fine.
On the ASX Commonwealth Bank of Australia (ASX:CBA) shares are amongst the most traded, along with other bank stocks like Australia and New Zealand Banking GrpLtd (ASX:ANZ) and Macquarie Group Ltd (ASX:MQG).