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:
Australia and New Zealand Banking Group Limited
(2018
sales of 36.23 billion Australian Dollars [US$25.39 billion]
of which 23%
was Australia),
Westpac Banking Corporation
(38.28 billion Australian Dollars [US$26.83 billion]
of which 20%
was Consumer Bank), and
Bendigo and Adelaide Bank Ltd
(3.00 billion Australian Dollars [US$2.10 billion]
of which 33%
was Local connection).
Sales Analysis.
Commonwealth Bank of Australia reported sales of A$42.10 billion (US$29.50 billion)
for the
fiscal
year ending
June of 2018.
This
represents
an
increase of 2.2%
versus 2017, when the company's sales were A$41.21 billion.
The sales level in 2018 was fairly close to the level five years ago: in 2013, Commonwealth Bank of Australia had sales
of A$43.79 billion.
Sales of Business and Private Banking saw an increase
that was more than double the company's growth rate: sales were up
11.5% in 2018, from
A$3.97 billion to A$4.43 billion.
Commonwealth Bank of Australia also saw significant increases in sales in
Retail Banking Services (up 5.8% to A$11.88 billion)
.
Not all segments of Commonwealth Bank of Australia experienced an increase in sales in 2018:
sales of Ifs and Other fell 52.7% to A$639.00 million.
(However, this segment's sales were only a very small portion of the company's overall sales).
Commonwealth Bank of Australia also experienced decreases in sales in
Institutional Banking and Markets (down 6.3% to A$2.67 billion)
and
New Zealand (down 7.5% to A$2.13 billion)
and
Bank West (down 5.9% to A$1.78 billion)
.