For many self managed super fund (SMSF) investors, the full-year reporting season does not finish at the end of August – they have to wait for Westpac, ANZ and NAB to report.
This trio is off-kilter with Commonwealth Bank, which has a June 30 balance date: their financial years end on 30 September, and they report in November.
Leading into the final days of the financial year 2013-14, the September trio will be under pressure to match the effort of CBA, which delivered a record cash profit of $8.68 billion, up 12%, but in-line with analysts’ consensus expectations. The bank lifted its full-year dividend by 10%. CBA’s result was boosted by a strong performance from the retail bank, and further reductions in bad debts.