Commonwealth Bank to Face Another Tough Year, Morningstar's Ellis Says

The transcript discusses the financial performance of the Commonwealth Bank, highlighting a profit of around $10 billion AUD, slightly above expectations. Despite a challenging year, the bank maintains a strong market share in Australia. The stock has underperformed due to reputational damage from scandals. Future strategies include completing major deals and improving lending growth to regain investor confidence. The bank offers a 6% dividend, appealing to retail investors.

What was the reported profit of the Commonwealth Bank in Australian dollars?

• $9.5 billion

• $9.9 billion

• $10 billion

• $10.5 billion

Which factor contributed to the Commonwealth Bank's reputational damage?

• Low dividend payout

• Increased lending growth

• Ostrach case

• High net interest margins

What is one of the strategic moves the Commonwealth Bank is undertaking to improve investor confidence?

• Increasing wholesale funding costs

• Spinoff of its Wealth Management unit

• Reducing dividend payouts

• Expanding into new international markets

What is the expected completion timeline for the Commonwealth Bank's life insurance business deal?

• Within the next six months

• By the end of next calendar year

• In the next two years

• By the end of this calendar year

What aspect of the Commonwealth Bank's performance is highlighted as attractive to retail investors?

• Low wholesale funding costs

• 6% fully franked dividend

• High lending growth

• Strong international presence