Commonwealth Bank announces record $9bn profit, seeks to raise $5bn in capital

The result is up 5% from last year’s $8.68bn profit and is in line with market expectations

Commonwealth Bank of Australia has announced a $5bn capital raising as it unveiled a record $9.14bn cash profit.

The profit result is up 5% from last year’s $8.68bn result and is largely in line with expectations.

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Source: The Guardian Circular Economy RSS