Chanticleer
CBA’s radical home loan tactic is leaving the pack behind
With an election just around the corner, Commonwealth Bank wants to hide its light under a bushel. But the gap to its rivals is only getting bigger. Is the bank really taking enough risk?
If you need proof that a federal election is just around the corner, just look at the ASX release announcing Commonwealth Bank’s December half profit.
Chief executive Matt Comyn mentions supporting customers experiencing hardship. He mentions the bank’s strong balance sheet, its efforts to stimulate economic growth, and the dividends it puts into millions of investors’ pockets and superannuation funds. Comyn even gives his verdict on the outlook for the Australian economy.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Financial services
Fetching latest articles