The Commonwealth Bank’s full-year profit has come in above analyst expectations, while the bank declared a final dividend of $2.50 a share.
The Commonwealth Bank has posted a cash profit of $9.84 billion, above analyst expectations, as chief executive Matt Comyn said many Australians continued to be challenged by cost of living pressures.
Commonwealth Bank chief executive Matt Comyn said many Australians continued to be challenged by cost of living pressures.The bank declared a final dividend of $2.50 a share, bringing the total dividend to $4.65 a share, fully franked, a rise of 3 per cent on the previous year, representing 79 per cent of its profits.
CBA’s cash net profit after tax 2 fell per cent in a year, and slid 4 per cent from the first half of the 2024 financial year. “Our home lending portfolio remains well-secured and the majority of home lending customers remain in advance of scheduled repayments,” the bank said.Mortgage holders 90 days behind on repayments has risen 13 basis points in the last six months to 0.65 per cent, while those 30 days behind has risen to 1.3 per cent.CBA’s earnings result, which is widely seen as a bellwether for the health of the broader Australian economy.
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