Morningstar Australasia's David Ellis reckons the market was expecting far worse H1 results, and that it likes the new CEO's clear and decisive actions.
U.S. oil prices jumped over 6 percent on Friday, posting their largest weekly gain since February.
Sugar futures staged their biggest daily gain in nearly 23 years after forecasts suggested weather-disrupted supply may fall short of demand.
Asian markets closed mixed on Thursday as investors digested remarks from Federal Reserve Chair Janet Yellen and oil remained volatile.
Commonwealth Bank of Australia, the country's top mortgage lender, posted H1 cash profit of $3.4B, in line with expectations.
Oil prices were sharply lower in Asian trade, fueled by fears of Iranian output adding to existing oversupply.
Asia shares ended Wednesday mixed, with South Korea and Hong Kong in the red, while Australia rose. Japan shares ended the year's final session up.
Asian equities turned mixed on Thursday, dragged by a sell-off on the mainland, knocking the region's Christmas cheer before the holiday period.
Asian markets ended mixed on Thursday amid hopes for fresh European stimulus while new data reinforced expectations for tighter U.S. monetary policy.
Westpac posted a 3% rise in annual cash profit to a record A$7.8 billion, helped by growth in mortgages.
Macquarie posted a record first-half net profit that jumped 58 percent, helped by higher fee income and better financial market activity.
Lending growth at Australia's major banks is easing as the broader economy cools following the end of a mining investment boom.
Oil edged lower on Monday as investors prepared for a week of important economic indicators.
A government-backed inquiry in Australia called for more competition and stronger capital reserves for the nation's four major banks.
New Zealand's dollar has climbed along with the recent bump in Asian currencies, but some analysts see the rally as just another chance to sell.
Asia's markets are rebounding from a selloff that sent some regional currencies to their lowest level since the Asian Financial Crisis in the late 1990s.
Asian stocks traded mixed on Thursday, with Chinese equities outperforming after markets resumed trade after a week-long holiday.
Top Australian investment bank Macquarie has agreed to buy ANZ's dealer finance portfolio for $5.91 billion.
Energy shares across Asia climbed Wednesday after oil prices surged overnight, helping to pull most Asia markets into positive territory.
Australia's economic engine has sputtered as the commodities boom loses steam, but the country could get a fillip from legalizing same-sex marriage.