Business
What to expect from the Commonwealth Bank (ASX:CBA) half year result
Earnings season will be heating up next week with the release of results from some of Australia’s biggest companies.
Chief among them will be the half year results release of Commonwealth Bank of Australia (ASX: CBA) on Wednesday.
Ahead of the release, I thought I would take a look to see what the market is expecting from Australia’s largest bank.
What is expected from Commonwealth Bank in the first half?
According to a note out of Goldman Sachs, it is expecting the bank to report cash earnings from continuing operations (pre-one offs) of $3,692 million. This will be down 15% on the prior corresponding period.
It is also notably lower than the market consensus cash earnings estimate of $3,954 million.
Goldman is also…
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