CBA half year profit totals $4.4b | Sky News Australia

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The Commonwealth Bank has reported better than expected half yearly earnings.

Cash profits came in at $4.4 billion, slightly above consensus but down 4.3 per cent year on year.

CBA says its margins continue to be squeezed by low interest rates and the bank is also expecting drought, bushfires and the coronavirus to weigh on sentiment and GDP in the next six months.

 

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CBA half year profit totals $4.4b | Sky News AustraliaThe Commonwealth Bank has reported better than expected half yearly earnings.\n\nCash profits came in at $4.4 billion, slightly above consensus but down 4.3 per cent year on year.\n\nCBA says its margins continue to be squeezed by low interest rates and the bank is also expecting drought, bushfires and the coronavirus to weigh on sentiment and GDP in the next six months.\n
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