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CBA optimistic on wealth business
February 9, 2010
Analysts will want to see how Commonwealth Bank of Australia Ltd (CBA) will diversify its funding sources to maintain growth, when the country's biggest lender announces its first-half results on Wednesday.
The approximate profit figure is already known after CBA announced on January 15 that cash profit would be about $2.9 billion for the six months ending December 31, equivalent to a 44 per cent gain from a year earlier.
The banks prefer the cash profit figure as a measure of profitability because it takes out some unrealised changes in asset values.
Original Posting At: SMH
The approximate profit figure is already known after CBA announced on January 15 that cash profit would be about $2.9 billion for the six months ending December 31, equivalent to a 44 per cent gain from a year earlier.
The banks prefer the cash profit figure as a measure of profitability because it takes out some unrealised changes in asset values.
Original Posting At: SMH
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