Commonwealth Bank of Australia share price edges up after RBA hike as CBA earnings loom
Commonwealth Bank of Australia shares closed up 0.7% at A$152.57 after the Reserve Bank raised its cash rate target by 25 basis points to 3.85%. CBA reported a A$5.12 billion cash net profit after tax for the half year and set aside A$68 million for extra customer payments. The ASX 200 ended 0.9% higher. CBA’s full half-year results are due Feb. 11.