CBA delivers record FY cash profit

By Mitchell Neems

CBA chief executive Ian Narev said the lender is cautiously positive about the outlook for the 2015 financial year. "Whilst business and consumer confidence levels have remained fragile, the levels of underlying activity confirm the strong foundations of the Australian economy," he said. "Lower interest rates have been positive for the housing and construction sectors, where increased activity has gone some way to offset the impacts of the anticipated reduction in investment in the resources sector.

Read more here: Business Spectator

    

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