The first group of CommBank technologists at the hub is focused on accelerating the adoption of Agentic AI and Gen AI solutions.
The Australian market has shown mixed performance recently, with the ASX200 experiencing a slight uptick, closing up 0.07% at 7,942 points, and sectors like IT and Health Care leading the gains. In this environment of sector-specific fluctuations, investors often look to dividend stocks for their potential to provide steady income streams; here we explore three ASX-listed companies offering yields up to 6.6%.
This collaboration aims to leverage Amazon-backed Anthropic's AI expertise to accelerate AI adoption within CBA.
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CBA anticipates receiving around A$170m in gross proceeds from the sale.
As the ASX 200 futures signal a sharp decline, mirroring Wall Street's recent downturn and global market uncertainties, Australian investors are closely watching how local shares respond amidst inflation concerns and upcoming earnings reports. In this volatile environment, dividend stocks can offer a measure of stability and income potential, making them an attractive option for those seeking reliable returns in uncertain times.
Gable will work with x15Ventures to detect code changes within its isolated technology environment.
Commonwealth Bank of Australia's ( ASX:CBA ) investors are due to receive a payment of A$2.25 per share on 28th of...
Commonwealth Bank of Australia ( ASX:CBA ) First Half 2025 Results Key Financial Results Revenue: AU$13.8b (up 4.7...
(Reuters) -Commonwealth Bank of Australia,, the country's biggest lender, said on Wednesday first-half profit rose slightly as an improving economy enabled it to slash loan impairment charges, sending its shares to a record high. Income tax cuts that took effect last July and rising wages have increased the amount people can save and spend, CBA said, adding that loan hardship cases had declined 15% from June to December and most borrowers were still ahead on repayments. "We expect Australia will follow offshore economies with an easing cycle starting in 2025", said CEO Matt Comyn.
The alliance is crucial for CommBank's goal to be “tomorrow's bank today" for its clients.
The deal will close by mid-2025, contingent on conditions such as approval from National Financial Regulatory Administration.
As the Australian market navigates its way through recent technical challenges and prepares for a series of holiday disruptions, investors are keenly observing how these developments might impact trading dynamics on the ASX. With positive sentiment spurred by global market trends and upcoming economic data releases, dividend stocks remain an attractive option for those seeking steady income amidst uncertainty. In this context, selecting stocks that offer robust dividends can be particularly...
The MoU will facilitate customers looking to invest in the other bank's home country.
By implementing AI, the bank has seen a 50% reduction in scam losses and a 30% decrease in customer-reported frauds.
LGT will purchase Commonwealth Private advice, the personal advice division of Commonwealth Bank of Australia (CBA).
The deal will also add nearly 40 advisers, associates and support employees to LGT Crestone.
As the Australian market navigates a period of slight downturn, with the ASX200 down 0.4% and all sectors losing ground, investors are closely watching how economic factors like the Reserve Bank's decision to hold interest rates at 4.35% impact their portfolios. In such an environment, dividend stocks can offer a reliable income stream and potential stability, making them an attractive option for those seeking to bolster their investments amidst broader market fluctuations.
This deal is set to enhance CBA's common Equity Tier 1 (CET1) capital ratio by around seven basis points.