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The COB from ausbiz
First and live on ausbiz: CBA CEO Matt Comyn's first interview after the results...
The ASX200 came home strongly after a weak lead in from Wall St but still closed down 0.11%. Reporting season is in full swing with Comm Bank and Seek out today with Australia's biggest bank reporting a cash profit of $7.3 billion and Australia's biggest job site down more than 8% after a FY loss of $111.7 million. Live on ausbiz, CBA CEO Matt Comyn told Kochie that the economic contraction had not been severe as the bank anticipated, but we're not out of the woods yet. Also, live on ausbiz, Seek CEO Andrew Bassat was looking forward to FY21 with a forecast NPAT of $21 million. Our top three VODs today are:
CBA CEO Matt Comyn: "In mid March we were fearing the worst"
Seek CEO: Net loss of $111.7m but "we've never been more needed than we are now"
Reporting season: We're encouraged by what's been reported so far
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