Business
CBA (ASX:CBA) share price on watch following release of half-year results
Commonwealth Bank of Australia (ASX: CBA) shares will be on watch today after Australia’s largest bank released its highly anticipated half-year results. It will be interesting to see how the CBA share price performs as investors digest the numbers.
What could impact the CBA share price today?
The CBA share price will be in focus this morning after the bank reported operating income of $11,961 million for the six months ended 31 December 2020, which was down 0.5% on the same period last year. This was due largely to COVID-19 impacts and a 10-basis point reduction in its net interest margin to 2.01%, which offset core volume growth.
Operating expenses increased 2.3% for the half to $5,566 million. This was driven by higher…
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