Commonwealth Bank Reports Decreased Annual Profits
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Commonwealth Bank Reports Decreased Annual Profits

Commonwealth Bank of Australia (AU:CBA) has released an update.

The Commonwealth Bank of Australia reported a decrease in revenue and profits for the fiscal year ending June 30, 2024, with revenue down 2% and profits down 6% compared to the previous year. Shareholders were informed of final and interim dividends per share set at 250 and 215 cents, respectively. The announcement, authorized by the Board, indicates a challenging year for the bank amidst a complex financial landscape.

For further insights into AU:CBA stock, check out TipRanks’ Stock Analysis page.

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