Commonwealth Bank records $9.8bn cash profit amid rising mortgage stress
by Jonathan Barrett from on (#6PYY8)
CBA's result beat analyst expectations as CEO says economy remains resilient despite cost-of-living pressures
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The Commonwealth Bank has defied a slowing economy to post a $9.8bn full-year cash profit in a robust result delivered against a backdrop of rising household costs and mortgage stress.
The result, representing a modest 2% decline from last year's record cash profit, beat analyst expectations and rewarded investors with a higher-than-expected dividend.
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