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Commonwealth Bank Grows Profit, But Shares Show Signs of Fatigue
Australian Financial Review
SKIPPED
Details
- Date Published
- 11 Aug 2025
- Priority Score
- 1
- Australian
- Yes
- Created
- 13 Aug 2025, 01:51 pm
Authors (1)
- James EyersENRICHED
Description
Commonwealth Bank chief executive Matt Comyn says the economy is starting to pick up, which will support lending growth.
Summary
The article reports on the Commonwealth Bank's annual profit increase to a record $10.25 billion, highlighting plans to invest further in artificial intelligence technology. This includes a new collaboration with OpenAI, a leader in AI advancements known for developing ChatGPT. Although primarily focused on financial results, the mention of AI investment indicates interest in bolstering technological capabilities. However, the article does not deeply delve into existential AI risks or significant safety measures, limiting its direct impact on AI safety discourse.
Body
CompaniesFinancial ServicesEarnings seasonPrint articleJames EyersSenior ReporterUpdatedAug 13, 2025 – 4.14pm,first published at8.06amSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginFollow our live coverage of the August 2025 ASX reporting season.Commonwealth Bank grew its annual profit to a record $10.25 billion on stronger home and business lending, giving it firepower to lift investment in artificial intelligence technology, including a new partnership with ChatGPT pioneer OpenAI.Loading...James Eyerswrites on banking, finance, payments, regulation and emerging technologies. Based in Sydney, he is a former legal and investment banking editor at the AFR and has been a business journalist for more than 20 years.EmailJamesatjeyers@afr.com.auSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginLicense articleFollow the topics, people and companies that matter to you.Find out moreRead MoreEarnings seasonCommonwealth BankBig fourBanking productsMatt ComynInvestingInterest ratesHome loansDividendsFetching latest articlesThe 25 new watches you need to know nowLuke Benedictus and Bani McSpeddenWhat OpenAI’s Sam Altman suggests you do to keep your jobThis Australian watch reseller is making its move on London and NYCBeing away from her baby felt wrong. So this exec invented a solutionRachael BoltonPublic and private sectors both spy on staff, but with one differenceThe move this MD calls ‘extremely hard, but I’ve never looked back’Kevin McCloud’s new podcast is for serious design nerdsStephen ToddThe stinky basement that launched the greatest band of all timeFirst look inside Melbourne Docklands’ lush new five-star hotelThe Pratts v Alex Waislitz: a battle of ‘epic’ proportionsPrimrose Riordan and Max MasonWiseTech faces competition concerns after $3.2b acquisition of e2open‘Factually incorrect’: fund manager Elanor fires back at Lederer