Commonwealth Bank of Australia (OTCMKTS:CMWAY) Expected to Earn FY2023 Earnings of $4.13 Per Share

Commonwealth Bank of Australia (OTCMKTS:CMWAYGet Rating) – Jefferies Financial Group upped their FY2023 earnings per share (EPS) estimates for shares of Commonwealth Bank of Australia in a research note issued to investors on Tuesday, November 15th. Jefferies Financial Group analyst B. Johnson now forecasts that the company will earn $4.13 per share for the year, up from their prior forecast of $3.78. Jefferies Financial Group currently has a “Underperform” rating and a $91.30 price target on the stock. The consensus estimate for Commonwealth Bank of Australia’s current full-year earnings is $3.70 per share. Jefferies Financial Group also issued estimates for Commonwealth Bank of Australia’s FY2024 earnings at $4.42 EPS.

Separately, JPMorgan Chase & Co. downgraded Commonwealth Bank of Australia from a “neutral” rating to an “underweight” rating in a research note on Tuesday.

Commonwealth Bank of Australia Stock Up 1.6 %

CMWAY opened at $70.66 on Thursday. The business has a 50 day moving average price of $64.36 and a two-hundred day moving average price of $66.99. Commonwealth Bank of Australia has a 52 week low of $58.14 and a 52 week high of $81.75.

About Commonwealth Bank of Australia

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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 transaction, savings, and 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.

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Earnings History and Estimates for Commonwealth Bank of Australia (OTCMKTS:CMWAY)

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