Commonwealth Bank: Q1 Result 2015

Commonwealth Bank is on track to become just the third Australian business to generate profit of $10bn (anyone guess the first and second?). The bank announced a 9.5% increase in cash profit to $2.3bn and, if it maintains this pace, will be the only non-mining firm to crack the $10bn profit mark (yep, a clue). This is even more remarkable when you consider that business lending was slow, net interest margins actually shrank and the long dominant home loan lending business lost market share to competitors. With credit growth slow, all banks are competing fiercely for new business. So how...

Commonwealth Bank is on track to become just the third Australian business to generate profit of $10bn (anyone guess the first and second?). The bank announced a 9.5% increase in cash profit to $2.3bn and, if it maintains this pace, will be the only non-mining firm to crack the $10bn profit mark (yep, a clue).

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