Commonwealth Bank Still Can't Shake Bear at UBS -- Market Talk
Dow Jones
Feb 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)
Copyright (c) 2026 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.