Commonwealth Bank of Australia (ASX: CBA) reported unaudited statutory net profit of ~$3.8 billion in Q1FY20, which includes a $1.5 billion gain on the sale of CFSGAM.
- The unaudited cash net profit from continuing operations was ~$2.3 billion, up 5% ex notable items;
- Operating income was up by 3% on a day-weighted basis due to lower basis risk, one-off items and volume growth;
- The company maintains a strong CET1 ratio of 10.6% after 2019 final dividend payments.
At AEST 01:28PM, the stock was trading at $80.25, up by 0.25% from its previous close.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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