Commonwealth Bank (CBA) shares rally on 1Q
CBA +0.96%: 1Q numbers out for the biggest of the Big 4, CBA shows it remains the quality pick of the banks with a strong start to FY24. Cash NPAT of $2.5b was around a 3% beat to consensus expectations championed by what looks like better-than-expected Net Interest Margins (NIM) despite some upward pressure on deposit pricing.
Commonwealth Bank (CBA) Reports Record Profits
CBA +2.58%: Australia’s 2nd largest company (behind BHP) released FY23 results this morning that were a modest beat to expectations as margins improved 17bps to 2.07%, ahead of the 2.05% consensus expectations.
Commonwealth Bank (CBA) shares climb on FY21
FY21 Result: A big result was expected and is clearly priced into the market with CBA trading at all-time highs of $106.56 – and they’ve certainly delivered on that this morning.
