The Commonwealth Bank of Australia has posted a cash profit of $A2.4bn for the September 2016 quarter, which is in line with its result for the previous corresponding period. However, factors such as low interest rates and a rise in insurance claims resulted in lower growth in operating income. Its net income margin also fell, while “troublesome and impaired” assets rose to $A6.8bn. CBA shares closed 0.6 per cent lower at $A72.07 on 8 November.
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