28 January 2003 12:00am

Commonwealth Bank may cut up to $2 billion from the value of Colonial, analysts JP Morgan forecast. The broker also predicts CBA will undertake a $500 million share buyback soon. The Age
• A disappointing result from CBA is on the horizon. Although the bank's pre-abnormal figure will be in line, or below last year's interim profit, it will be the expected abnormal losses which threaten to plunge the result into the red. The market is bracing for a big number. Anything less than $1 billion in abnormals...