CBA commonwealth bank of australia.

News: CBA Commonwealth Bank of Australia third-quarter profit rises 8%

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    May 9 (Reuters) - Commonwealth Bank of Australia (CBA) on Tuesday reported an 8.3% rise in third-quarter cash earnings, helped by higher volume growth in business and home lending portfolios.

    The country's biggest lender said cash net profit after tax was about A$2.60 billion ($1.76 billion) for the three months ending March 31, marginally beating the consensus estimate of A$2.58 billion by Visible Alpha, according to Citi.

    The company reported A$2.40 billion in cash net profit after tax a year earlier.

    ($1 = 1.4743 Australian dollars) (([email protected]; Twitter: https://twitter.com/sameer_manekar))

 
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