Pete Wargent blogspot


'Must-read, must-follow, one of the best analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Markets & Economics Editor, Sydney Morning Herald.

'I've been investing 40 years & still learn new concepts from Pete; one of the best commentators...and not just a theorist!' - Michael Yardney, Amazon #1 bestseller.

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.

This piece has about 12,000 views to date.