16 August 2021

Commonwealth Bank (CBA): See the sunshine, feel the moonshine

CBA has posted a solid result despite the expected pandemic impacts and ongoing lingering uncertainty in operating conditions. There were more positives, i.e. strong core volume growth, overall net interest income, other income, asset quality, capital, funding and liquidity – than negatives, i.e. NIM and operating expenses (perhaps for now) – in the result. The rating is now back to a Buy.