With the release of its first-half profit result, Commonwealth Bank (CBA) showed yet again why it is so far ahead of its major bank rivals and deserves to trade at a premium. It is no surprise that the shares jumped following the release by 5.6% to close at $99.56.
This simple graph below says it all. It is growing volumes in home lending, household deposits, business lending and business deposits at a rate faster than the overall market. And in most categories, CBA is already the market leader!
Sign up to the Switzer Report to read the full article.