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Commonwealth Bank (ASX:CBA) is widely regarded by Australian fund managers as a high-quality bank priced for perfection. In October 2026, Maple-Brown Abbott predicted CBA could halve from its highs, citing an extreme valuation, while Blackwattle Investment Partners rated it a sell on rising competition in mortgages and deposits. Perpetual Asset Management took a more balanced view, rating it a hold given chief executive Matt Comyn's leadership, its retail franchise and technology leadership. Commonwealth Bank operates in the Financials sector within the Banks industry, and Thesis Tracker has captured 69 comments from 36 fund managers, including Maple-Brown Abbott, Blackwattle, Perpetual, Airlie and Wilson Asset Management. Founded in 1911 and headquartered in Sydney, CBA is Australia's largest bank, providing retail, business and institutional banking, home lending and digital banking services.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Cooper Investors, Blackwattle Investment Partners, Pengana Capital Group, Sterling Managed Investments, BKI Investment Company, Equity Trustees Asset Management, L1 Capital, Clime Investment Management, Yarra Capital Management, Tyndall Asset Management, Pendal Group, Plato Investment Management, Ausbil Investment Management, Perennial Partners, Atlas Funds Management, Ten Cap, Auscap Asset Management, Paradice Investment Management, Wilson Asset Management, Ellerston Capital, Katana Asset Management, Regal Funds Management, Allan Gray, Sage Capital, Maple-Brown Abbott, Milford Asset Management, Solaris Investment Management, First Sentier Investors, Market Partners, Phoenix Growth Fund, Quest Asset Partners, ClearBridge Investments, ALC Capital, Argo Investments, First Samuel, Airlie Funds Management, Regal Partners, Australian Eagle Asset Management, Perpetual Asset Management, Ralton Asset Management and PM Capital have invested in Commonwealth Bank of Australia (ASX:CBA).
Perpetual highlights a well-run bank with a strong retail franchise and a leading technology position under CEO Matt Comyn, which could strengthen its competitive position. Wilson Asset Management noted bank results were broadly in line with expectations.
Maple-Brown Abbott, Blackwattle and Airlie all point to valuation, with CBA trading at a mid-20s price-to-earnings multiple compared with global peers. Blackwattle and Airlie flag intensifying competition in home lending, deposits and business banking, while return on equity is already high and credit growth is moderating, according to Wilson Asset Management.
Commonwealth Bank of Australia, headquartered in Sydney and founded in 1911, provides comprehensive banking and financial services. Its operations are structured into six segments: Retail Banking Services, offering consumer finance and deposits; Business Banking, providing specialized services for businesses and high-net-worth individuals; and Institutional Banking and Markets, serving corporate and government clients. Additional segments include New Zealand operations, Wealth Management, and the Corporate Centre, which manages group strategy, treasury, and governance. This structure enables the firm to deliver specialized financial solutions across institutional, retail, and business sectors.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.