US Edition
CBA Market Value Takes $15 Billion Hit Despite Record Profits
Commonwealth Bank's cash profits rose 4% to a record $10.25 billion, with dividends increasing 4% despite a 4.4% drop in share price due to high market expectations.
- Releasing its full-year results on Wednesday, CBA showed a 7% rise in profit to $10.13 billion, but its shares plunged 6.36% after opening at $176.88 and sliding to $167.43.
- Earlier this year, CBA shares surged around 90% between October 2023 and June 2025, remaining nearly twice as expensive as Westpac and trading on a P/E ratio over 30.
- Beyond the headline, CBA showed cash profits rose 4 per cent to $10.25 billion, driven by a 5.3 per cent increase in business and institutional lending, with net interest margin up 0.09 percentage points to 2.08%.
- The market impact was immediate, as Australia’s sharemarket slumped on Wednesday with CBA’s share price dropping to $167.43, pulling down the ASX200 index.
- Meanwhile, CBA will engage stakeholders through an agreement with US giant OpenAI, with CEO Matt Comyn discussing strategy on The Business at 8:45pm AEST on ABC News Channel.
14 Articles
14 Articles
CEO Series: CBA's Matt Comyn on record profits, AI, productivity and the consumer
SBS Finance Editor Ricardo Gonçalves speaks with Commonwealth Bank CEO Matt Comyn about the bank's record $10.3bn full-year cash profit and finds out what it means for investors, plus his future AI plans for the bank; David Rumbens from Deloitte Access Economics goes through the latest wages data from the ABS including why productivity is key; and Jun Bei Lui from TenCap goes through the sharemarket action including her take on the latest corpor…
Australia’s Biggest Bank Sees Profits Lift on Home and Business Lending
Good morning, it’s Paul-Alain from the Melbourne bureau with your midweek briefing. The ASX is set to open in the green. But first...Today’s must-reads:• CBA profit lifts to A$10.25 billion• Reserve Bank lowers key rate• Dominos sells $1.32 billion in bonds
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