Business
CBA’s dividend shows its strength and power – The Australian Financial Review
COVID-19 may have made a mess of the world but with its better-than-expected dividend, Commonwealth Bank is saying it’s in great shape.
And yes, CBA has lifted its provision for bad debts by $2.5 billion, putting total troublesome and impaired assets at $8.7 billion.
But the banks capital position remains unquestionably strong, it is still finding ways to grow in its core retail banking categories of home loans and household deposits and it can still pump billions into investments in technology, risk and compliance.
The message from this dividend is clear. The world might be in a mess, but CBA is definitely not.
We are fortun…
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