3 ASX 200 shares I'm watching this week

3 of the largest ASX 200 shares are releasing their results this week. Here are a few key things that I'm watching for in the week ahead.

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S&P/ASX 200 Index (INDEXASX: XJO) shares had a mixed performance last week as the benchmark Aussie index went sideways. The ASX 200 finished 0.08% higher and is up 4.96% this year to 7,022.60 points.

Last week I had my eye on Commonwealth Bank of Australia (ASX: CBA), Mirvac Group (ASX: MGR) and Nearmap Ltd (ASX: NEA).

The Mirvac shares edged 0.59% lower as the ASX 200 real estate group reported its half-year results. Mirvac reported an operating profit after tax up 21% on the prior corresponding period to $352 million.

As expected, the Nearmap share price bounced back after being hammered 30% lower the week prior. Nearmap closed 13.53% higher last week at $1.93 per share after shareholders bought back in on the cheap.

Check out the 3 ASX 200 shares that I'll be keeping my eye on in the second week of the February results season.

1. Telstra Corporation Ltd (ASX: TLS)

It's no surprise that one of Australia's largest companies is on my to-watch list this week. Telstra is set to release its half-year earnings on Thursday and it should be one to watch.

It's been a big 6 months for Telstra as the ASX 200 group's shares have edged 4.77% lower.

As usual, the group's transformation program will be worth watching as well as its progress towards being a 5G network superpower.

2. Commonwealth Bank of Australia Ltd (ASX: CBA)

Having jumped the gun a little bit last week, CBA shares remain on my to-watch list this week. 

CBA is the largest of the ASX 200 shares by market cap and the first Aussie bank to report its earnings. CBA is scheduled to release its half-year results on Wednesday in potentially the biggest event this week.

I'll be watching the group's net interest margin, capital adequacy and funding costs to evaluate the impact of the RBA's 2019 rate cuts.

3. AMP Limited (ASX: AMP)

The Aussie wealth manager is definitely one of those ASX 200 shares to watch this week.

AMP will release its full-year results on Thursday and the first thing to look at is its customer remediation costs. The wealth manager faced criticism for opening new superannuation accounts for affected fees-for-no-service customers.

AMP shares could rocket higher or slump lower this week, but I'd be watching on Thursday morning either way.

Motley Fool contributor Kenneth Hall has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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