Nick Gordon is joined by George Gabriel, Evans and Partners banking analyst. The Commonwealth Bank is the topic of the day and George takes us through the financial results announced on Wednesday this week and highlights, among other things (1) the positives within the result, (2) a few negative issues, (3) the role of the new CEO and (4) in particular with the global volatility, how CBA handles the offshore funding issues. Finally, George highlights his preferences within the Australian banking sector with National Australia Bank, Commonwealth Bank, Westpac and ANZ in that order.
