CBA: Interim result 2014

Commonwealth Bank is Australia's best bank and, as Nathan Bell explains, its interim result shows why.

Commonwealth Bank might be the world’s most expensive bank, but its interim result shows why. Despite slow credit growth, operating income increased 8% to $11.1bn, helping increase cash net profit 14% to $4.3bn. Earnings per share increased 13% to $2.64, and a fully franked dividend of $1.83 was declared, up 12% (ex date 17 Feb), for a forecast dividend yield of 5.2%.

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