They make $2.5bn a quarter, and have the highest RoE of any of the 4 major banks - I'm pretty sure that qualifies them as making money.
And I never said they would 'get away with' the problems they've had recently - merely that the regulators would never fine the bank into oblivion.
I think $700m is about fair; and the bank were smart enough to recognise a provision last half-year, and they'll pay the rest this half year - smoothing out the profits.
CBA Price at posting:
$69.69 Sentiment: Hold Disclosure: Not Held
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