Home loan arrears are just beginning to creep a bit higher on weak income growth.
So reports Commonwealth Bank (ASX: CBA) in its trading update.
Source: ASX
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The market was unhappy with the trimmed unaudited cash profit of $2.35 million.
The result is 2.1 per cent lower than the unaudited figure for the prior year's corresponding period.
The result is 2.1 per cent lower than the unaudited figure for the prior year's corresponding period.
Share price latest: down -3.4 per cent to $71, having bounced off the intraday lows at $70.80.
Our latest report for funds and institutional investors Chcmical Change discusses the downside risks eventuating from a combination of trimmed lending volumes, a potential loss of market share, compressed margins, and an uptick in home loan arrears.
For more details, see our latest here at Livewiremarkets.
This piece has about 12,000 views to date.
