Commonwealth Bank of Australia Profit Meets Analyst Estimates

Commonwealth Bank posts record $10.25 billion profit

Commonwealth Bank has posted a record profit of $10.25 billion for the 2024-25 financial year.The bumper full-year result came as the country's largest lender added another $40 billion in loans to homeowners and businesses in the last year, up to a total of $761 billion.The proportion of customers behind on their mortgages fell in the last quarter as households felt less of a pinch from the cost-of-living crisis.READ MORE: Netflix hikes up pric…

Commonwealth Bank Rakes in $10.3 Billion Profit on Back of Lending Growth

Commonwealth Bank of Australia (CBA) has reported a $10.3 billion cash profit for the 2024/25 financial year, up 4 percent on the prior period, citing lending growth and stable margins as key drivers. The bank said recent interest rate cuts, tax relief, and easing inflation have given households more disposable income, supporting spending and mortgage repayments. Its statutory net profit rose 8 percent to $10.1 billion, with the stronger bottom …

Australia's biggest lender posts huge $10b year profit

Australia’s biggest lender, Commonwealth Bank, had a bit of bumper year in 2024/25. (Joel Carrett/AAP PHOTOS) By Savannah Meacham in Brisbane Interest rate and tax cuts, combined with lower inflation, have given households more money to spend, a major bank says, after posting a huge annual profit on the back of better economic conditions. Commonwealth Bank of Australia on Wednesday announced a $10.3 billion cash profit for 2024/25, up four per c…

Australian share market closes in red as CBA posts worst fall since April — as it happened

The Australian share market has slipped from its record high as Commonwealth Bank reports a $10.1 billion annual profit. Wall Street breaks new records after the latest US inflation data reveals Donald Trump's tariffs have not resulted in much higher consumer prices yet. Follow live.

Commonwealth Bank of Australia Profit Meets Analyst Estimates

Commonwealth Bank of Australia profit met estimates as loan growth and a buoyant property market supported the country’s biggest lender.

Commonwealth Bank of Australia's Full-Year Profit Rises 4%