Commonwealth Bank Shares Dip on Concern Over 2026 Profit

Commonwealth Bank of Australia shares fell after the country’s biggest lender reported earnings that underwhelmed analysts with further pressure expected on margins.

Cash profit from continuing operations rose 4% to a record A$10.25 billion ($6.7 billion) for the 12 months ended June 30, in line with the A$10.26 billion average estimate of analysts surveyed by Bloomberg. This is the firm’s first result since February 2023 that is not likely to see consensus upgrades, according to Barrenjoey analyst Jonathan Mott.