Upgrade unlikely: Norris must improve.

Australasian Business Intelligence, August, 2005

Byline: Stewart Oldfield

Aug 10, 2005 (The Australian Financial Review - ABIX via COMTEX) -- The Commonwealth Bank of Australia (CBA) reported its company results on 10 August 2005. Its record $A4 billion annual profit

failed to enthuse analysts, however, and the predominantly negative or neutral ratings on the stock remained. Analysts have been concerned about the CBA's performance when outgoing CEO David Murray exits in September 2005. According to analysts, Ralph Norris, the incoming CEO who has been the Air New Zealand boss, will need to focus on the boosting of the CBA's home loans distribution network.

Publication Date: 11 August 2005

 
COMMONWEALTH BANK OF...

            
        
    
    	    
                
                
	

		

					 
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