Commonwealth Bank (ASX:CBA) results: Profit hits $10.25 billion
Citi analyst Thomas Strong, the snow result is largely compatible with market expectations, but low -time expenses for low bad debts, including a “one -time” benefits, including a lower expense, he said. Strong, due to the volatility of figures, the market is seen as “lower quality” by higher income than the financial market trade, he said.
“Sales” grade in the CBA shares Strong, “In general, a largely in -line result, but some low quality increases,” he said.
Barrenjoey analyst Jon Mott said that the trade income helps the bank’s income, as a result of CBA is not a “surprise .. Mott, which has a “weak” grade in the CBA shares, said that the bank has been the first result since February 2023 and that it is not possible to result in the estimates of the market for CBA’s earnings.
Jarden Analyst Matthew Wilson described the result as “only okay, and at the same time, the figures are not likely to increase the market’s predictions for CBA’s future earnings. Wilson, who is a “sale ında in the CBA, said that the bank’s“ supreme ”valuation means vulnerable to deprivation of market expectations.
The CBA’s full -year final report said the Bank would raise its second half dividend to $ 2.60 after the profit increased due to the growth of lending and deposit and degraded loans.
The result is almost compatible with the analyst estimates that CBA’s cash profits will reach $ 10.26 billion for the year.
The Bank’s net interest margin – comparing the financing cost to the loans – 2.08 percent higher than the 2024 fiscal year, nine basis points higher, but in June, it was flat compared to December.
Throughout the industry, margins are usually suppressed by a decrease in interest rates, as in the cycle of ratio deductions, all large banks reserve bank customers are fully mortgaged to their customers.
The charges for corrupted loans, which have an important impact on the profitability of the Bank, fell to $ 726 million with a decrease of 9 percent, and CBA said that the rate of customers in Mortgage repayments in Mortgage was stabilized in March quarter.
The CBA’s full -year final report said the Bank would raise its second half dividend to $ 2.60 after the profit increased due to the growth of lending and deposit and degraded loans.Credit: Oscar Colman
While net interest income increased by 5 percent, the bank’s operating expenses increased by 6 percent due to inflation and investment in technology. CBA, technology infrastructure and artificial intelligence capabilities to improve the expenditures of 14 percent to 2.3 billion dollars, he said.
The Bank also said that with Openai, it will bring advanced AI to customers and staff and help to fight fraud and provide “more personalized” service.
“To be globally competitive, Australia should adopt this new rapid technological change in order to be globally competitive,” Comyn said.
“Our strategic partnership with Openai reflects our commitment to bring first -class skills to Australia and how AI can improve customer experiences, how to protect our customers better and how to unlock new opportunities for Australian businesses.”
CBA’s use of AI said it plans to cut 45 positions to process questions from customers due to an artificial intelligence -supported “chatbot support last month.
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Özkaynak return, which is an important measure of profitability, fell to 13.5 percent of 10 basis points.
Analysts reported that global institutional investors collapsed to the shares of the bank as a way to expose to the Australian economy, which was less affected by less trade turmoil than many other countries.
Bank profit margins are expected to be under pressure from falling interest rates and harsh competition, analysts expect banks to reduce their costs, including personnel expenses.
More will come
