(Adds details on results, background)
Aug 10 (Reuters) - Commonwealth Bank of Australia (CBA) posted its highest annual cash earnings in four years on Wednesday, as it rode a first-half surge in home lending amid record low interest rates and booked a loan impairment benefit as COVID-19 risks eased.
The results wrapped up a solid fiscal year in which CBA beat out rivals to home buyers when rates were ultra-low, before the central bank began tightening its policy which halted the surge in the real estate market seen last year.
The over 100-year old bank said cash net profit after tax was A$9.60 billion in the twelve months to June 30, compared with A$8.65 billion a year earlier.
Its net interest margin, a key measure of profitability, however, fell 18 basis points to 1.90% amid stiff competition in home lending and an increase in low-yielding liquid assets.
It declared a final dividend of A$2.10 per share, compared with A$2.00 last year.
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News: CBA UPDATE 1-Australia's CBA profit hits 4-year high on first-half strength
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Last
$172.42 |
Change
-5.450(3.06%) |
Mkt cap ! $288.5B |
Open | High | Low | Value | Volume |
$177.89 | $177.99 | $171.55 | $408.5M | 2.356M |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 62 | $172.40 |
Sellers (Offers)
Price($) | Vol. | No. |
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$172.53 | 500 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 50 | 172.400 |
1 | 500 | 172.390 |
1 | 35 | 172.380 |
1 | 55 | 172.360 |
2 | 2406 | 172.350 |
Price($) | Vol. | No. |
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172.530 | 500 | 1 |
172.590 | 1000 | 1 |
172.660 | 500 | 1 |
172.750 | 167 | 1 |
172.780 | 248 | 2 |
Last trade - 16.19pm 22/07/2025 (20 minute delay) ? |
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