The major bank is expected to deliver a $9.9 billion cash profit when it reports its earnings next month, but major regulatory changes and demerger plans are muddying the forecast.
CBA will deliver its fiscal 2018 results on 8 August, which Morningstar analyst David Ellis anticipates will be messy.
We forecast an underlying $9.9 billion cash profit and fully franked dividend of $2.30 per share, taking total franking dividends to $4.30 per share, Mr Ellis said.
Morningstar has excluded the one-off $700 million AUSTRAC fine from its forecast. The analyst noted that while CEO Matt Comyn continues to impress as he works through important roadblocks at CBA, there remain plenty of challenges ahead.
Major regulatory changes, business restructuring,…
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