Commonwealth Looks Best Placed of Australian Banks on AI

Dow Jones

Jul 21

0453 GMT - Commonwealth Bank is seen at Citi as having the best foundations of any major Australian lender when it comes to becoming a successful adopter of artificial intelligence. Analyst Thomas Strong tells clients in a note that Australia's largest bank appears to be ahead of rivals NAB, Westpac and ANZ on infrastructure, data, talent and culture. The latter two lenders could be hamstrung in the near term by their work to resolve legacy technology issues, Strong says. He thinks that Australian banks should benefit from AI due to the scale of their data, their dominant market position, and their narrow product sets. Analysis of offshore peers suggests potential for AI deployment to lift local lenders' pretax profits by 3%-5% across several years. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

July 21, 2026 00:53 ET (04:53 GMT)

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Analyst Thomas Strong tells clients in a note that Australia's largest bank appears to be ahead of rivals NAB, Westpac and ANZ on infrastructure, data, talent and culture. The latter two lenders could be hamstrung in the near term by their work to resolve legacy technology issues, Strong says. He thinks that Australian banks should benefit from AI due to the scale of their data, their dominant market position, and their narrow product sets. Analysis of offshore peers suggests potential for AI deployment to lift local lenders' pretax profits by 3%-5% across several years. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 21, 2026 00:53 ET (04:53 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Commonwealth Looks Best Placed of Australian Banks on AI</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCommonwealth Looks Best Placed of Australian Banks on AI\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-21 12:53</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0453 GMT - Commonwealth Bank is seen at Citi as having the best foundations of any major Australian lender when it comes to becoming a successful adopter of artificial intelligence. Analyst Thomas Strong tells clients in a note that Australia's largest bank appears to be ahead of rivals NAB, Westpac and ANZ on infrastructure, data, talent and culture. The latter two lenders could be hamstrung in the near term by their work to resolve legacy technology issues, Strong says. He thinks that Australian banks should benefit from AI due to the scale of their data, their dominant market position, and their narrow product sets. Analysis of offshore peers suggests potential for AI deployment to lift local lenders' pretax profits by 3%-5% across several years. 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Analyst Thomas Strong tells clients in a note that Australia's largest bank appears to be ahead of rivals NAB, Westpac and ANZ on infrastructure, data, talent and culture. The latter two lenders could be hamstrung in the near term by their work to resolve legacy technology issues, Strong says. He thinks that Australian banks should benefit from AI due to the scale of their data, their dominant market position, and their narrow product sets. Analysis of offshore peers suggests potential for AI deployment to lift local lenders' pretax profits by 3%-5% across several years.  Dow Jones NewswiresJuly 21, 2026 00:53 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AGIX":"通用人工智能 ETF-AGIX","NABZY":"National Australia Bank Ltd. 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Analyst Thomas Strong tells clients in a note that Australia's largest bank appears to be ahead of rivals NAB, Westpac and ANZ on infrastructure, data, talent and culture. The latter two lenders could be hamstrung in the near term by their work to resolve legacy technology issues, Strong says. He thinks that Australian banks should benefit from AI due to the scale of their data, their dominant market position, and their narrow product sets. Analysis of offshore peers suggests potential for AI deployment to lift local lenders' pretax profits by 3%-5% across several years. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 21, 2026 00:53 ET (04:53 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}