May 9 (Reuters) - Commonwealth Bank of Australia (CBA) , the country's biggest lender, posted an around 7% drop in its third-quarter cash earnings on Thursday, hurt by intense competition in mortgages and high operating costs.
CBA posted cash net profit after tax of A$2.4 billion ($1.58 billion) for the three months ended March 31, beating a Visible Alpha consensus estimate of A$2.33 billion compiled by Citi, but came in below the A$2.6 billion logged a year ago.
($1 = 1.5205 Australian dollars)
News: CBA Commonwealth Bank of Australia's third-quarter cash profit falls 7%
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Mkt cap ! $275.0B | |||
| Open | High | Low | Value | Volume |
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| CBA (ASX) Chart |