Commonwealth Bank posts $2.5 billion first-quarter profit

Commonwealth Bank has posted a flat first-quarter profit as Chief Executive Matt Comyn warns that interest rates may stay higher for longer thanks to the US election.

Cash profit for the nation's biggest bank came in flat at $2.5 billion.

CBA says it grew its home lending book by 4.5 per cent and that and home loan arrears were flat at 0.65 per cent - this was due to customers banking, rather than spending, their tax cuts.

CBA shares pulled back today after hitting a record high of 150 dollars yesterday.

[SwampMyster]

Well they all deserve a nice Big pay rise for showing all of us Australians on how to be screwed over and not being able to do anything about it...

[Chad.H.]

Do you understand now why we have homemade albo sustainable inflation !

[matthewflinders]

Oh, “Cash is too expensive to handle, we can’t afford it, we want to phase out

[vievee]

🔊💡Govt, bank Make sure you read your terms and conditions on their App which says you agree to them looking at other Apps and conversations on your ph.🙈🙉🙊

[kevint]

Well here comes the big bonuses for CBA!

[matthewflinders]

YOU ARE UNDER BANK SURVEILLANCE 🎵They’re making a list🎶, they’re checking it twice🎵The big four know - who’s been naughty or nice🎶Carbon taxes - are coming - to town!🎵

[WeveGotBush]

That damm inflation they doing it hard aswell.