CBA: Interim result 2016

Despite moderate economic growth, its recent capital raising and other headwinds, this was a good result.

According to Commonwealth Bank chief executive Ian Narev, the surge in volatility since the Federal Reserve raised US interest rates in December last year is an overreaction given the fundamentals. We tend to agree with him and suggest that volatility should be welcomed by value investors due to the potential bargains that arise.  

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