Commonwealth Bank has posted a record $8.68 billion full year cash profit, with gains across each of its core divisions.
Australia's largest bank lifted its cash profit 12 per cent for the year to June 30, 2014, from $7.82 billion in 2013.
Cash profit is a measure banks use to reflect underlying performance.
With recovery actions from bank LDA fraud to be started or completed, one wonders
what the next "underlying performance" figure will be displayed to the public.
No doubt, many from PIF have contributed.
Regards,
OCV Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.