Commonwealth Bank of Australia (ASX:CBA) Full Year 2024 Results

Key Financial Results

• Revenue: AU$26.1b (down 1.2% from FY 2023).

• Net income: AU$9.48b (down 6.9% from FY 2023).

• Profit margin: 36% (down from 39% in FY 2023). The decrease in margin was primarily driven by higher expenses.

• EPS: AU$5.67 (down from AU$6.03 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Commonwealth Bank of Australia Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Banks industry in Australia.

Performance of the Australian Banks industry.

The company's shares are up 5.4% from a week ago.

Valuation

It's possible that Commonwealth Bank of Australia could be overvalued with our 6-factor valuation analysis indicating potential weakness. Discover what analysts are forecasting and how the current share price shapes up by clicking here.

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