CBA's Groundhog Day

There’s a sense of deja vu about Commonwealth Bank’s results these days, but don’t get complacent.

Commonwealth Bank has again shown why it’s our favourite bank. While ANZ is busy expanding in riskier Asian markets and National Australia Bank grapples with the remnants of its misguided UK expansion, Commonwealth Bank continues to churn out cash with an industry leading 18.6% return on equity from investing in technology, cutting costs and selling more products to its army of customers.

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