Commonwealth Bank has recorded a 4.7 per cent fall in its full-year cash net profit to $8.49 billion, slightly below expectations. The bank's net interest margin was also shown to be shrinking as the RBA cash rate dropped to new record lows. Full year revenue came in at $24.3 billion as CEO Matt Comyn announced a final dividend of $2.31 per share. The full-year dividend payout for CBA remains flat at $4.31.
from National | Daily Telegraph https://ift.tt/33d06u9
Tuesday, August 6, 2019
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