Commonwealth Bank of Australia Reports 8% Rise in First-Quarter Profit
Commonwealth Bank of Australia reported first-quarter cash profit after tax of A$2.8 billion, up 8%, as lending and deposit volumes increased.
Commonwealth Bank of Australia ASX:CBA posted an 8% rise in first-quarter cash profit on Wednesday as it increased its lending and deposit volumes despite fierce competition and a high-interest-rate environment.Australia's top bank reported a net cash profit after tax of A$2.8 billion ($1.92 billio…