Commonwealth Bank of Australia operates in the Commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Commonwealth Bank of Australia with three other
banks in Australasia:
Mystate Limited
(2020
sales of 217.67 million Australian Dollars [US$152.96 million]
of which 86%
was Banking Group),
Heartland Group Holdings Ltd
of NEW ZEALAND
(366.69 million New Zealand Dollars [US$239.98 million]
of which 17%
was Business), and
Bendigo and Adelaide Bank Ltd
(2.53 billion Australian Dollars [US$1.78 billion]
of which 43%
was Consumer).
Sales Analysis.
Commonwealth Bank of Australia reported sales of A$35.45 billion (US$24.91 billion)
for the
fiscal
year ending
June of 2020.
This
represents
a
decrease of 12.7%
versus 2019, when the company's sales were A$40.59 billion.
Contributing to the drop in overall sales was the 17.8% decline
in Ifs and Other, from A$707.00 million to A$581.00 million.
There were also decreases in sales in
Retail Banking Services (down 1.1% to A$11.22 billion)
and
New Zealand (down 1.2% to A$2.44 billion)
and
Institutional Banking and Markets (down 5.9% to A$2.30 billion)
.
However, these declines were partially offset by the increase in sales of
Business and Private Banking (up 9.8% to A$7.22 billion)
.