SHARES IN COMMONWEALTH BANK HAVE REACHED A NEW RECORD HIGH AFTER POSTING A BETTER THAN EXPECTED HALF YEAR PROFIT

THE BANK SAW A ONE PER CENT RISE IN FIRST HALF NET PROFIT TO THREE-POINT-SIX-SIX BILLION DOLLARS..

THE DIVIDEND IS TWO CENTS ABOVE EXPECTATIONS... AT A DOLLAR 64 ...¤A1 E RVO###

ITS CASH PROFIT... WHICH IS THE BANKS PREFERRED MEASURE... CAME IN AT THREE-POINT-EIGHT BILLION..THREE PER CENT ABOVE EXPECTATIONS.

THE RESuLT WAS DRIVEN BY BETTER EARNINGS AND SOLID TRADING INCOME.

TAKING A LOOK AT MARKET REACTION...

CBA AT RECORD LEVEL 67-18... NOW JUST BELOW THAT

THERE'S A HOST OF OTHER COMPANIES REPORTING TODAY AS WELL...

BORAL SHARES ARE HIGHER AFTER REPORTING A FIRST HALF LOSS... BUT POINTING TO FUTURE IMPROVEMENT

CONSTRUCTION FIRM LEIGHTON SHARES HAVE JUMPED .. AFTER REPORTING 450 MILLION DOLLAR PROFIT.

THE BROADER MARKETS UP THREE QUARTERS OF A PER CENT THE ALL ORDS AT A 33 MONTH HIGH

OVERNIGHT IN THE US THERE WERE MODEST GAINS... THE DOW RISING A THIRD OF A PER CENT...

TO COMMODITIES...

THE AUSTRALIAN DOLLARS UP MORE THAN ONE PER CENT FROM LAST NIGHTS CLOSE

THE WESTPAC-MELBOURNE INSTITUTE INDEX ROSE NEARLY EIGHT PER CENT IN FEBRUARY

THAT'S THE BEST RESULT IN MORE THAN TWO YEARS AND WELL ABOVE THE 100-LEVEL SUGGESTING THERE ARE MORE OPTIMISTS THAN PESSIMISTS IN THE ECONOMY.

 

Advertisement