CBA predicts 2021 Aussie house price boom of 8 per cent – NEWS.com.au

Commonwealth Bank reported its profits on Wednesday, and they made a cool $5 billion in the last six months alone. Revenues were around $12 billion, costs were a bit over $6 billion and they paid $1.6 billion in tax, leaving around $5 billion for shareholders. Not bad going for a pandemic!
The really interesting thing in their financial reports, however, was not the news that banks make completely crazy amounts of profit. We knew that. What was interesting was what they told us about the future.
…

Click here to view the original article.