BUZZ-Commonwealth Bank of Australia hits record high on strong H1 earnings

Reuters
02-12
BUZZ-<a href="https://laohu8.com/S/CBAUF">Commonwealth Bank of Australia</a> hits record high on strong H1 earnings

** Commonwealth Bank of Australia CBA.AX rises 1.7% to a record high of A$164.84

** Stock among top gainers on ASX 200 index .AXJO

** Australia's largest bank reports H1 cash profit of A$5.13 bln ($3.23 bln) vs year-ago A$5.02 bln, beating Visible Alpha consensus estimate of A$5.06 bln

** Post-loan impairment expense falls 23% y/y

** Declares highest ever H1 interim dividend of A$2.25/shr

** Says its home-lending portfolio "well-secured"; CBA controls quarter of Australia's A$2.2 trln mortgage market

** Citi says asset quality trends look resilient through H1

** CBA gained 4.8% last month

($1 = A$1.5878)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com;))

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