CBA Profits Rise on Growth in Home Loans, Deposits

Commonwealth Bank Books $2.6 Billion Quarterly Profit, up 2 Percent

Commonwealth Bank of Australia (CBA) has posted a robust first-quarter result, reporting an unaudited cash profit of $2.6 billion, signalling early momentum as lending activity strengthens across the sector. The figure is 2 percent higher than the same quarter last year and 1 percent above the average of the bank’s quarterly profit in the second half of last year. The bank’s update shows a strong rebound in home-lending volumes, buoyed by three …

CBA reveals impact on profits as expenses soar

Australia’s largest bank said it added 175,000 new customers over the September quarter, although rising expenses ate into its profits.

CBA posts $2.6b first quarter profit as home lending, deposits grow

Commonwealth Bank’s home loans grew by $9.3 billion while household deposits rose by $17.8 billion, higher than the sector average over the September quarter.

Billions wiped off CBA as margins feel the squeeze

Commonwealth Bank chief executive Matt Comyn says there’s been an increase in competition for wealthier customers with bigger loans.”

CBA Trading Update Shows Steady Performance

Commonwealth Bank’s (CBA) September quarter trading update reflects ‘business as usual’ trends, according to Jarden analyst Matthew Wilson. The update shows net interest income (NII) increased by 3 per cent quarter-on-quarter and 5 per cent year-on-year. Commonwealth Bank is one of Australia’s largest financial institutions, providing a range of banking and financial services to individuals and businesses. The bank’s services include retail, bus…

Commonwealth falls over -4% as big bank's NIM falls quarter-on-quarter

Commonwealth Bank (ASX:CBA) has dipped over -4% on Tuesday in morning trades as the company’s latest earnings update reflects that the “Mag Two” finance constituent has seen its Net Interest Margin (NIM) decline quarter-on-quarter. Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more. While profits after tax stayed flat (or increased 1% to “around…