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Commonwealth Bank Of Australia Q3 Profit Rises

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Commonwealth Bank of Australia (CBA.AX) reported third quarter statutory net profit of A$1.90 billion, up from A$1.70 billion a year earlier.

Cash profit was A$1.90 billion, compared with A$1.75 billion a year earlier.

Group Net Interest Margin was higher in the quarter due to a combination of factors including prior period asset re-pricing, partly offset by higher funding costs

The company stated that the trading income in the quarter was at a level consistent with the first half run-rate and expenses continued to be well managed.

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