Commonwealth Bank of Australia (CBA.AX), opens new tab, the country’s biggest lender, is expected to unveil a small decline in annual earnings on Wednesday, with investors focused on whether rising deposit payouts and bad loans will outweigh gains in mortgage revenue.
The earnings will be closely watched to see if the lender’s share price surge of one-third since late 2023 is justified, especially considering the broader banking sector in July posted its strongest rally in nearly two years.
Source: REUTER
