18/09/2026 09:32

Commonwealth Bank (CBA) $154.01

Australia’s largest bank remains a top-quality business,  but valuation is still difficult to justify relative to its peers, particularly as the operating environment for the entire sector becomes more challenging.

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21/08/2026 09:22

Commonwealth Bank (CBA) $156.44

Australia's largest bank has been under pressure on valuation grounds over the last year, but since its on-the-surface solid FY26 result, covered here, this once bastion of safety has significantly underperformed the market.

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12/08/2026 09:27

Commonwealth Bank (CBA) $173.92

This morning, CBA delivered a solid FY26 result, with cash earnings modestly ahead of expectations, margins holding up better than feared and returns improving. The numbers reinforce why CBA continues to trade at a premium  to the other major banks.

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11/08/2026 09:34

Commonwealth Bank (ASX: CBA) $174.27

Attention now turns to Commonwealth Bank’s FY26 result on Wednesday, with consensus expecting profit growth of around 6%. CBA remains one of the world’s most expensive major banks, trading on 26.1x forward earnings and 3.77x book value. That represents a substantial premium to domestic peers NAB (17.0x), Westpac (16.8x) and ANZ (14.8x), as well as leading global banks such as JPMorgan (14.7x) and RBC (17.0x). Both valuation measures sit more than two standard deviations above CBA’s long-term averages, highlighting just how much investors are currently prepared to pay for Australia’s premier banking franchise.

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14/05/2026 09:34

BHP Group (ASX: BHP) v Commonwealth Bank (ASX: CBA)

While CBA captured the news yesterday for all the wrong reasons, BHP again made new all-time highs, trading above $62 for the first time as copper continued to rally. As a sidenote, the game of musical chairs between BHP and CBA continued on Wednesday, with the “Big Australian” as BHP was referred to on the old trading floors reclaimed top spot as the ASX’s largest company after a session which saw a more than 13% difference in performance.

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13/05/2026 17:10

Commonwealth Bank (ASX:CBA) $153.67

CBA –10.43%: was whacked today after its 3Q update highlighted rising provisions and a more cautious macro-outlook, amplified by concerns around negative gearing and the implications for housing credit growth.

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02/04/2026 09:42

Commonwealth Bank (ASX:CBA) $171.90

If we are correct and the ASX is going to test/make new highs in 2026, a call many find it hard to imagine, CBA will likely come along for the ride. Australia’s largest bank delivered a strong 1H result in February Here which saw the stock surge ~12% in 2-days, a huge move for such a stock let alone bank of its size.

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12/02/2026 09:47

Commonwealth Bank of Australia (CBA) $169.56

CBA is a world-class bank, but it's often accompanied by the unattractive tag of being the world's most expensive - but yesterday’s result demonstrated why. There was plenty to like in CBAs report from its giant $5.4bn profit as it cemented its dominant market position by holding its market share in the home loan market at over 25% while also increasing household deposits by 26.6%.

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11/02/2026 09:36

Commonwealth Bank (CBA) $158.74

CBA delivered a solid 1H result this morning, beating consensus on cash profit and lifting the interim dividend, with volume growth and improving credit quality offsetting margin pressure and higher costs. Net interest margin held at 2.04%, while ROE improved to 13.8%, reinforcing CBA’s earnings resilience despite competitive home lending conditions.

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18/11/2025 09:31

Commonwealth Bank (CBA) $155.79

The CBA bears have been crowing of late and we’re glad to have exited our position in the Income Portfolio in July ~$180.  CBAs recent September quarter trading update went down badly due to margin pressure despite solid profit growth and healthy lending momentum, plus of course it’s expensive.

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