Commonwealth Bank will hold its annual meeting in Sydney on Wednesday. In front of the board of directors and hundreds of shareholders, chairman Paul O’Malley and CEO Matt Comyn will inevitably point to the bank’s financial strength and its contribution to the Australian economy.
There is no doubt the bank is a profit-generating machine. It maintains the leading Australian retail banking franchise and has displayed a strong track record on execution and deploying the latest technology.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
