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Commonwealth Bank Full-Year Profit Beats Estimates on Mortgage and Business Loan Growth

Commonwealth Bank logoCommonwealth Bank
Sig2.55Sen+2.05Env0.00Soc-0.85Gov0.00

Commonwealth Bank of Australia reported full-year profit above estimates, supported by growth in mortgages and loans to companies. The result comes as Reserve Bank Governor Michele Bullock said another rate rise is possible due to sticky inflation. CBA chief Matt Comyn noted higher rates and inflation are creating uneven pressure on households.

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