Commonwealth Bank of Australia (CBA) share price slips as AI jobs plan meets rate-hike bets
Commonwealth Bank of Australia shares closed down 0.79% at A$177.27 on Thursday, though still up 10% for the year. CEO Matt Comyn confirmed 300 job cuts and said the bank expects one more Reserve Bank rate hike in May. CBA launched a A$90 million AI workforce program and will pay a fully franked interim dividend of A$2.35 per share on March 30. The RBA’s next policy decision is set for March 17.
