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CBA profits from recovery

The Commonwealth Bank has put the result down to growth in home mortgages and wealth management, along with a stellar rise in its share price over the past few months. Even so, the Commonwealth has revealed slight increase in bad debts while warning that some risky economic headwinds remain.

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News Stories

Shine is on the way back for CBA

News Source: Sydney Morning Herald | 15 days ago

Bank may be a long way from having washed the global financial crisis out of its hair, but it does think it is over the head and down to the shoulders of its effects. In a briefing on its performance for the September quarter, in which it laid claim...
Big banks bounce back

News Source: Sydney Morning Herald | 15 days ago

And the guarded rhetoric didn't end there. ''A number of our customers will continue to face financial hardship that will require our ongoing assistance and support,'' he said. Such downbeat commentary seems incongruous when set against today's 4.5%...
CBA rate hikes may outpace RBA

News Source: Sydney Morning Herald | 16 days ago

All big four banks have said that variable mortgage rates may have to rise faster than the Reserve Bank of Australia’s rate increases because of funding pressures. ‘‘If we have to move standard variable above the OCR (overnight cash rate) then...
Commonwealth Bank shares jump on 1st-qtr update

News Source: Scoop | 16 days ago

Whilst the economic outlook has improved since our results in August, the pace and extent of the recovery remains unclear,” chief executive Ralph Norris said in a statement. “We will therefore continue to retain our conservative business settings...
CBA profits from recovery

News Source: Australian Broadcasting Corporation | 16 days ago

The Commonwealth Bank has put the result down to growth in home mortgages and wealth management, along with a stellar rise in its share price over the past few months. Even so, the Commonwealth has revealed slight increase in bad debts while warning...
CBA shows some muscle

News Source: The Age | 16 days ago

Last week, Westpac’s Gail Kelly delivered a strong and clean result that trumped the performance of the smaller rivals, ANZ and National Australia Bank. Her real competitor, Ralph Norris, batted it back today delivering an earnings update that...