Commonwealth Bank Still Can't Shake Bear at UBS -- Market Talk

Dow Jones
02/12

0404 GMT - Commonwealth Bank of Australia can't shake its bear at UBS despite the lender's better-than-expected 1H profit. Analyst John Storey maintains a sell rating on the stock, telling clients in a note that the bank's valuation remains challenging despite its operational momentum. He acknowledges that 12% retail deposit growth helps widen CBA's competitive moat in the Australian mortgage market, supporting both net interest margin and net interest income growth. However, he still thinks the stock's elevated earnings multiple is hard to justify. UBS raises its target price by 4.0% to A$130.00. Shares are up 5.1% at A$178.23. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

February 11, 2026 23:04 ET (04:04 GMT)

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