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Jennifer Hewett

Why Comyn is cautious celebrating CBA’s bumper profit

Chief executive Matt Comyn has plenty to celebrate in the bank’s results. Unlike politicians, he prefers to avoid claiming much credit for that.

Jennifer HewettColumnist

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Matt Comyn’s political antennae are too finely tuned to boast about the Commonwealth Bank delivering a half-year profit of $5.13 billion, improved margins, a runaway share price and an ever bigger share of the Australian market.

Not when Australia’s high interest rates and the problem of housing affordability and the cost of living are causing so much distress for so many people. Particularly not when there’s such a difficult election looming for a federal Labor government.

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Jennifer Hewett is the national affairs columnist. She writes a daily column on politics, business and the economy. Connect with Jennifer on Twitter. Email Jennifer at jennifer.hewett@afr.com

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    Original URL: https://www.afr.com/companies/financial-services/why-comyn-is-cautious-celebrating-cba-s-bumper-profit-20250212-p5lbhp