Commonwealth Bank Surpasses Profit Expectations, Issues Record Dividend
Despite economic challenges, CBA reports $9.8 billion cash profit and increases dividend to A$2.50 per share.
- CBA's annual cash profit of A$9.84 billion exceeded analyst estimates.
- The bank declared its highest-ever dividend of A$2.50 per share.
- Net interest margin dropped slightly but still topped consensus.
- Rising household costs and mortgage stress impacted loan repayments.
- CBA shares have reached record highs, reflecting investor confidence.
Reuters 
The Guardian 