Not bad. I expected worse to be honest with all this doom and gloom. I expected: - Net profit after tax at around $2.5b - right smack bang. - Operating expenses at 5% increase. We got 3% on these results. I expect the same or lower moving forward now that inflation is moderating. - Loan impairment was the big one for me. I expected $225m. At $160 and collective provisions higher than that; It looks like portfolio credit quality remains sound. - Home lending arrears stable, unsecured consumer arrears have improved but as expected impaired assets are marginally higher.
I'm slightly optimistic but I remain cautious. You won't see me buying more CBA at this point in time. Perhaps subconsciously I wanted a bad result so I can add to the holding...
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