Commonwealth Bank Shares Soar After Stonking Half-Year Result

Date:

A Commonwealth Bank sign is seen on a building in Melbourne, Australia, on Oct. 30, 2023. Susan Mortimer/The Epoch TimesAustralia’s largest bank has surpassed expectations by growing its profit by five percent, sending its shares soaring, and prompting one bank watcher to brand it a “stonking result.”Commonwealth Bank of Australia (CBA) on Feb. 11 delivered a record cash net profit of $5.45 billion (US$3.88 billion) for the six months to Dec. 31, 2025, up six percent from the same period in 2024 and beating expectations of $5.19 billion.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Australia Secures More Jet Fuel Shipments from China

A group of oil tanks stores imported crude oil...

Proposed New Low-Cost Aussie Airline Could Face Squeeze from Giants: Analyst

Aircraft line up on the runway at Sydney International...

Shakira Acquitted of Tax Fraud, Court Orders Spain to Hand Back $70 Million

Shakira performs during an open concert at the Copacabana...