Commonwealth Bank of Australia (CBA.xasx)

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Commonwealth Bank of Australia (CBA.xasx) Profile

Commonwealth Bank of Australia (CBA.xasx) is an Australian multinational bank leading provider of integrated financial services headquartered in Sydney, Australia. CommBank is currently the first-largest bank in Australia by total assets under management (AuM) with more than 1100 branches and representative offices as well as 4300 ATMs in Australia, New Zealand, South Africa, the United Kingdom, the United States, Hong Kong, Indonesia, Japan, Singapore and Vietnam, Malta and the Netherlands. Commonwealth Bank is a locally owned public company and has more than 800,000 shareholders. CBA provides retail, premium, business and institutional banking, superannuation, insurance products and brokerage services to approximately 15.9 million customers. Commonwealth Bank of Australia has about 48,900 employees and operates a vast network of subsidiaries, including Bankwest, Colonial First State Investments Limited, ASB Bank (New Zealand), Commonwealth Securities Limited (CommSec) and Commonwealth Insurance Company (CommInsure). Commonwealth Bank of Australia stock (CBA.xasx) is traded on the Australian Securities Exchange Ltd (ASX) and, as a constituent of the Standard & Poor’s ASX 200 Index (S&P/ASX 200), has a $187.92B (AUD) market cap as of November 2021, $30.16B (AUD) in 2020 yearly revenues and $1.01T (AUD) in total assets under management (AuM). Most recently, the Federal Court of Australia ordered the CBA to pay a $7M (AUD) penalty to the Commonwealth for misconduct, providing false information to 1510 customers with Simple Business Overdraft and Business Overdraft accounts.

Commonwealth Bank of Australia (CBA.xasx): Trade a Contract for Difference (CFD) on CWY.xasx and speculate on the share price difference of the underlying asset. CFD is a financial contract that allows you to trade on the underlying asset value (share price) without the need to purchase the actual stock. Investors are trading the difference in the value of security between the opening and closing of the trade. You can either hold a long position (Buy) or a short position (Sell). CFDs are considered short-term investments or trades, as CFDs tend to be used within shorter timeframes.

Holding cost
Trading hours in US Eastern Time
16:30 - 23:00
16:30 - 23:00
16:30 - 23:00
16:30 - 23:00
16:30 - 23:00

Share CFD Trading FAQ

Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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Source - database | Page ID - 491

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