Commonwealth Bank of Australia Quarterly Cash Profit Up 5.7%
Commonwealth Bank of Australia (OTC: CMWAY) reported a 5.7% rise in its cash earnings in its latest quarter.
The bank posted a quarterly net profit of 1.8 billion Australian dollars (US$1.88 billion).
Its cash profit surged to A$1.85 billion, from A$1.75 billion, in the year-earlier period.
Commonwealth Bank shares gained 1.96% to close at $60.46 yesterday.
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