CBA steamrolls its way to another record with more to come

CBA has beaten even the most optimistic earnings expectations, justifying the recent rally in its shares

Bankers usually eschew exuberance, even when everything appears to be going right, and the Commonwealth Bank’s Ian Narev lived up to that dour stereotype this morning.

After stunning investors and analysts with yet another record result, he predicted “only limited short term upside for the Australian economy”.  Investors no doubt hope he’s right.

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