CBA dud profit smashes banks
Advertisement
by Chris Becker
Commonwealth Bank (CBA) is the next cab off the banking ologopoly rank to report some pretty flat but still fat and taxpayer supported profits this morning.
Following ANZ’s steady but squeezed result and Westpac shores up its increasing expensive capital with an equity raising, the biggest mortgage holder/pusher in the land offered a very flat result that has sent bank stocks plummeting in early trade.
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe