CBA reported its Q3 results earlier this morning with a 1% increase in its cash profits. CBA’s interest margin was driven down by competitive pressure in homeowner pricing and customers switching to high yield deposits.
More rate rises have caused a mass Australian market sell-down and yet NAB’s share price was falling more than average today, the bank having posted half-year results that were not as strong as analysts had anticipated.
Australian supermarket icon Woolworths has revealed an 8% sales increase totalling $16.34 million year-on-year for the company’s third-quarter trading update.
Transurban has declared that there will be a 58-cent distribution given, an increase of 41.5% year-on-year, thanks to better-than-expected momentum in traffic and funding packages.