CBA's "considerable" carnage - a podcast by ausbiz

Commonwealth Bank took a massive chunk out of the market this Wednesday, wiping off close to 52 index points, as it finished down xxx% below the $100 mark at $xxxx. It seems "considerably lower" net interest margins sent a sizeable number of investors elsewhere. The mortgage business is tough. The local bourse slid through much of the day finishing down XX at XX with the materials sector also proving a weight. Nufarm was the worst performer, down xxx despite posting FY21 revenue of $3.2B up 10%. On the bright side, Uniti Group lived up to its 'stock of the day' title, outperforming and ending up xxx as it looks set to track or outperform consensus.  Lick your wounds if necessary, and we'll see you after UK and CDN inflation reads tonight - will they tip their central banks to tightening? 

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