Lower interest rates helped spur growth in new business activity compared to a year ago, though total credit growth was modest due to higher levels of loan repayments.
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The first quarter result put the bank on track for a record full year cash profit of $8.25 billion, Morningstar analyst David Ellis said, up from $7.8 Nike Air Max Uptempo Zoom
Net interest margin is a measure of the profit made from interest earned from loans.
Australia's largest home lender recorded cash earnings of $2.1 billion in the three months to the end of September, up from $1.85 billion during the same period last year.
on the strong profit growth, taking the company's value above $124 billion.
But the bank's net interest margin fell during the quarter as a result of the lower interest rate Nike Air More Uptempo Release Date 2016
"Despite slightly lower margins we consider the major banks' ability to reprice loans remains intact, underpinning their competitive Mens Nike Air Vapormax strengths," he said.
In its quarterly trading update, CBA said a combination of solid revenue growth and cost discipline contributed to higher earnings.
billion in the 2012/13 year.
Shares in CBA, the largest company on the Australia share market, hit another all time high Nike Uptempo Shoes For Sale
CBA on track for profit above
"CBA remains well capitalised, with strong liquidity levels and funding positions."
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