After a week spent watching his three big rivals try to sell their strategic stories, Commonwealth Bank chief executive Matt Comyn has delivered a typical CBA trading update.
There’s no massive technology repair/catch-up here, as there is at Westpac. There are no lingering questions about market leadership or capital levels, as there are at NAB. There’s no scepticism over a five-year turnaround plan that will require superhuman levels of execution, as there is at ANZ.
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