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Wednesday, 9 May 2018

Commonwealth Bank trading update March 2018 (Home loan arrears tick higher)

Home loan arrears up

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


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. 

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.

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