Commonwealth Bank: Q1 result 2014

Commonwealth Bank’s share price has reached another record after the country’s biggest bank announced unaudited cash earnings of $2.1bn for the three months ended 30 September, up 14%. Details in these updates are always scarce, but bad debts continue to fall and the strong performance of financial markets helped boost funds under management 4%. Net inflows within FirstChoice and Custom Solutions also lends support to our recent upgrade of Perpetual with retail investors finally wading back into the market, albeit in relatively small numbers. While it’s early days if this is to become a trend, we're cognisant that it...

Commonwealth Bank’s share price has reached another record after the country’s biggest bank announced unaudited cash earnings of $2.1bn for the three months ended 30 September, up 14%. Details in these updates are always scarce, but bad debts continue to fall and the strong performance of financial markets helped boost funds under management 4%.

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