Business

'Strong result' for Commonwealth Bank record profits

THE Commonwealth Bank has announced a record $3.661 billion in half-year profits.

Chief executive Ian Narev said the "strong result" was down to the performance from its domestic and wholesale businesses.

The announcement pushed the bank's shares up by more than 2.6% on Wednesday afternoon.

Australian Greens Deputy Leader Adam Bandt said record was proof the big banks were continuing to make excessive profits at the expense of consumers and taxpayers.

He called on the Federal Government to "rein in" the four major banks which he said were "gouging customers with unjustified fees and interest rates out of sync with real funding costs".

The ANZ is expected to post quarterly results on Friday.

Topics:  adam bandt, commonwealth bank, profit

Recommended Reading




Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

'My husband lasted 6 weeks as a stay at home dad'

APN Hey Mummy Feature for online - stock images. Katie Dykes being interviewed for the webisodes. Photo Marc Stapelberg / The Northern Star

FROM the outside, being a stay at home mum looks like a breeze.

THE EXPERT: Stop judging working mothers

SUPER MUMS: Being a working mums comes down to perfecting time management.

"WORKING for money is all right; so is working because you want to.”

OPINION: How to prepare your child for day care

Your kids will love childcare, but it may take some adjusting.

GETTING your child ready for day care is vital.

Health and nutrition with kids - how do you balance it?

HOW important is health and nutrition in your household?

Smack or no smack - where do you stand?

THE debate is reignited - is smacking acceptable?

Technology and kids: Do you ever cut their wi-fi?

Check out our new video series featuring mums having a chat

Electrifying fullback lights up Yamba Sporting Complex

MAN OF THE MOMENT: Maclean High players jump for joy to celebrate Daine Laurie’s second half try against Callaghan College in the round of 20 match of the University Shield NSW CHS Rugby League competition.

Daine Laurie inspires Maclean High to victory

Plan to improve mobile reception

MATCHING FUNDS: Labor candidate for Page Janelle Saffin.

Labor-led government to fix reception blackspots in Northern Rivers

Page voters could dictate fate of government: Deputy PM

DOUBLE TEAM: Member for Page Kevin Hogan with Deputy Prime Minister Barnaby Joyce talking to the Daily Examiner.

“In this electorate you’re voting for the course of the nation"

Latest deals and offers

Dash Cam of Slip in Snow

Even light snow can be hazardous.

Dash cam shows how easy it is to lose control in even light snow.

Chaos outside Istanbul Airport

Turkish police block the road after an suicide bomb attack at Ataturk Airport in Istanbul, Turkey, 28 June 2016. At least 10 people were killed in two separate explosions that hit Ataturk Airport.

Distress as cars escape Istanbul airport after bombing.

Barnaby Joyce Dex exclusive Pt 14: Kevin's pitch

Kevin Hogan makes his pitch for reelection to the seat of Page

PROPERTY BOOM: Coast prices set to skyrocket

Like other areas in south-east Queensland, the Sunshine Coast is at the start of the upturn on the property clock.

Values predicted to rise 25-33%

DIY: How to build a backyard fire pit

DIY stars and Weekend magazine columnists Ayden and Jess Hogan.

Would you build this for your backyard?