Profits at CommSec have risen by more than a third to $155.7 million as the country’s largest online stockbroker benefits from a frenzy of trading triggered by surging and volatile global markets over the last year.
The Commonwealth Bank-owned brokerage reported revenues of $288.7 million in the year to June 30, according to accounts filed with the corporate regulator, up from $227.9 million one year earlier. The company said more than 40 per cent of Australian investors were now using its platform.
Source: https://www.afr.com/markets/equity-markets/commsec-in-bumper-profit-as-surging-markets-turns-into-broker-boom-20251016-p5n2xs