Business Services Industry
Tide turning for Murray.
Australasian Business Intelligence, February, 2002
Feb 15, 2002 (The Sydney Morning Herald
ABIX via COMTEX) -- David Murray, the CEO of Commonwealth Bank of Australia (CBA), appears to have won back many supporters. Following the bank's $A1.2bn December 2001 half profit announcement on 13 February 2002, shares in CBA added another $A0.80 to close at $A33.64 on 14 February. Thanks to the profit result, broking firm, Salomon Smith Barney, gave CBA an "outperform" recommendation and forecast growth of 10 in earnings per share for 2001-02, to almost $A2.5bn. Meanwhile, JP Morgan has given CBA a "buy" recommendation, despite the market view that the result was of "weak" quality.
COMMONWEALTH BANK OF AUSTRALIA
LIMITED - ASX CBA:
SALOMON SMITH BARNEY SECURITIES
AUSTRALIA PTY...
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