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Ord Minnett and Morgan Stanley Maintain Sell Ratings for Commonwealth Bank

Commonwealth Bank logoCommonwealth Bank
Sig1.35Sen-1.25Env0.00Soc0.00Gov0.00

Ord Minnett maintained a Sell rating on Commonwealth Bank of Australia with a A$120.00 price target, while Morgan Stanley also kept a Sell rating at A$124.00. For the quarter ended Dec. 31, the bank reported revenue of A$34.76 billion and net profit of A$5.37 billion. Revenue rose versus last year, and insider buying increased over the quarter.

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