Behind CBA's first-half results

The lender says it plans to retain conservative business settings after posting a seven per cent jump in first-half cash profit.

The headline numbers in Commonwealth Bank’s December half results will inevitably be looked at in the context of its 10 basis point increase in its home loan interest rate and will trigger another bout of charges that bank profits are too high and something should be done about it.

At face value that case can be made. A 19 per cent increase in statutory earnings and a return on equity of 19.2 per cent is, in the current economic climate, an impressive performance by the sector-leading institution.


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