Commonwealth Bank reports $10.9 billion annual profit | ABC NEWS
Community Score: 50% | 2.6K views | 5d
0 community ratings: null thumbs up, null thumbs down
Commonwealth Bank has reported a 7 per cent increase in profit to $10.98 billion. Business reporter Lin Lin discusses the results and says there are still weaknesses in operating costs and net interest margin. The bank also recorded a 15 per cent drop in the number of loan applications since May 2026. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-08-12/asx-markets-business-live-news/107025982 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia
Tags: Australia, abc, abc news, news, commonwealth bank, bank, cba, profit, banks, economy, business, finance, finance news, business update, big 4, bif 4 bank, money, housing, housing market, interest rate
More from ABC News (Australia)
- The biggest market sell-off since 'Liberation Day' | The Business | ABC NEWS — Score: 50%
- Designer Katie Perry wins trademark case against pop star | ABC NEWS — Score: 50%
- A look around the NT as residents deal with flooding emergency | ABC NEWS — Score: 50%
- Bundaberg homes inundated after Burnett River peaks | ABC News — Score: 50%
- Reindeer races in Finland draw international crowds | The World | ABC NEWS — Score: 50%
- Grave fears for Iranian footballers after Australia asylum saga | The World | ABC News — Score: 50%