Commonwealth Bank of Australia reports fall in profits.
BANKING AND CREDIT NEWS-February 6, 2019--Commonwealth Bank of Australia reports fall in profits
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Global Banking News - 06 February 2019
Commonwealth Bank of Australia (CBA: ASX) has announced a fall in profits.
The firm's first-half cash profit has dropped by 2.1 percent to AUD4.676bn. Slowing property transactions and falling prices have affected the bank's financial results, it said.
The company also said that its revenue dropped by 1.9 percent to AUD12.41bn. Volume growth was offset by a lower net...
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