The Commonwealth Bank makes $1 million profit each and every hour

Scrooge McDuck throws money into the air in Berlin, Germany. Photo: Carsten Koall/ Getty.

The Commonwealth Bank is the first Australian company to make $1 million in profit each hour of the day, even at night.

There are 8760 hours in a year. The bank almost made $1 million an hour last year when it posted a $8.68 billion cash profit.

The latest result for the 12 months to June brings in $9.137 billion cash profit for the bank.

That’s $1.04 million per hour.

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