{"id":126449,"date":"2025-11-10T22:23:09","date_gmt":"2025-11-10T22:23:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/126449\/"},"modified":"2025-11-10T22:23:09","modified_gmt":"2025-11-10T22:23:09","slug":"live-updates-australian-share-market-set-to-rise-after-tech-rebound-on-wall-street-commonwealth-bank-posts-2-6b-quarterly-profit","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/126449\/","title":{"rendered":"Live updates: Australian share market set to rise after tech rebound on Wall Street, Commonwealth Bank posts $2.6b quarterly profit"},"content":{"rendered":"<p class=\"paragraph_paragraph___QITb\">Commonwealth Bank of Australia has reported a marginal rise in first-quarter profit, with the benefits of resilient lending and credit volumes offset by rising technology-related costs. <\/p>\n<p class=\"paragraph_paragraph___QITb\">The bank said\u00a0unaudited cash net profit after tax  was $2.6 billion for the quarter ended September 30, slightly higher than $2.5 billion last year.<\/p>\n<p class=\"paragraph_paragraph___QITb\">Operating income was up 3%, driven by lending and deposit volume growth, higher non-interest income and 1.5 additional days in the quarter.<\/p>\n<p class=\"paragraph_paragraph___QITb\">For the quarter, home loans grew $9.3 billion , or 1.1 times the system average, while while household deposits grew by $17.8 billion, or 1.2 times system.<\/p>\n<p class=\"paragraph_paragraph___QITb\">Home loan arrears decreased over the quarter to 0.66% (-4bpts).<\/p>\n<p class=\"paragraph_paragraph___QITb\">CBA said headline net interest margin has reduced due to the mix effects of strong growth in lower yielding liquid assets and institutional repository.<\/p>\n<p class=\"paragraph_paragraph___QITb\">The bank added that operating expenses excluding restructuring and notable items increased by 4% mainly driven by wage and IT vendor inflation and 1.5 additional days in the quarter, offset by seasonally lower IT vendor spend and the benefit of ongoing productivity initiatives.<\/p>\n","protected":false},"excerpt":{"rendered":"Commonwealth Bank of Australia has reported a marginal rise in first-quarter profit, with the benefits of resilient lending&hellip;\n","protected":false},"author":2,"featured_media":126450,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[2372,11466,79887,19594,79889,11468,114,2288,3151,184,85,46,1569,2378,1010,5269,79888,5268,920,196],"class_list":["post-126449","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-asian-markets","tag-asx","tag-asx-200","tag-aud","tag-australian-company","tag-australian-dollar","tag-business","tag-dollar","tag-dow-jones","tag-economy","tag-il","tag-israel","tag-live-blog","tag-nasdaq","tag-sp-500","tag-shares","tag-stockmarket","tag-stocks","tag-tech","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/126449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=126449"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/126449\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/126450"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=126449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=126449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=126449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}