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Citi, Morningstar tip mass bank share buybacks; CBA up first

Citi, Morningstar tip mass bank share buybacks; CBA up first Share Australia’s big banks are cashed up in more ways than one. Following a string of deals and a run of conservative capital management, the holders of the nation’s wealth are sitting on a treasure trove of $34 billion in excess capital, triggering analysts from Citi and Morningstar big share buybacks in the coming months. Citi expects CBA to be the first bank to announce a share buyback.  Sarah Keayes Citi’s head of Australian banks research, Brendan Sproules, told clients on Monday morning that he was now factoring a $5 billion share buyback into his Commonwealth Bank of Australia forecasts for the first half of the 2022 financial year.

LICs and their net tangible ailment

LICs and their net tangible ailment
morningstar.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com.au Daily Mail and Mail on Sunday newspapers.

CBA hits $100 for first time as investors bet on capital returns

Commonwealth Bank shares have climbed to a new record high of $100 in a sign of growing investor confidence bank profits will be boosted by the economic recovery.

CBA hits $100 for first time as investors bet on capital returns

CBA hits $100 for first time as investors bet on capital returns
smh.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smh.com.au Daily Mail and Mail on Sunday newspapers.

CBA hits $100 for first time as investors bet on capital returns

CBA hits $100 for first time as investors bet on capital returns
watoday.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from watoday.com.au Daily Mail and Mail on Sunday newspapers.

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