The Distillery: CBA cash cow

Jotters applaud Ian Narev’s steady stewardship of Commonwealth Bank, with one saying it holds a salutary lesson in long-term strategy.

Commonwealth Bank of Australia boss Ian Narev announced a 10 per cent improvement in the bank’s cash earnings to $7.8 billion and almost every business commentator in the country is taking note. Narev’s stellar start as successor to Ralph Norris is characterised less by driving a new revolution and more by securing the fruits of the one already in motion.

The Australian Financial Review’s Matthew Stevens says the “defining characteristic” of Narev’s first year and a half in the job is his “minutely focused discretion”.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles