Markets

CBA’s better-than-expected home loan growth could mean stronger profits

Commonwealth Bank of Australia, the nation’s largest lender, posted a 6.7% growth in mortgages in its first half adding market share and this could potentially boost the lender’s profit, Morgan Stanley said. CBA’s home loan growth in the six months to December 31 was 1 percentage point higher than that […]
CBA’s better-than-expected home loan growth could mean stronger profits
Markets

The signs for Australian GDP this week are ominous

Australia’s company profits in the fourth quarter of 2015 were worse than expected. So the market was right to forecast a reversal in company profit numbers for 2015’s fourth quarter after the 1.3% rise in the third. But with a print of -2.8%, the data for Q4 was even weaker […]
The signs for Australian GDP this week are ominous