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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11/11/2025 17:19

Commonwealth Bank (CBA) $163.40

CBA -6.59%: Shares fell sharply today after the September quarter trading update was largely inline with expectations, though margin pressure persisted despite solid profit growth and healthy lending momentum. 

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04/11/2025 09:25

Commonwealth Bank of Australia (CBA) $175.54

CBA is a world-class bank, but it's often accompanied by the unattractive tag of being the world's most expensive. Even while trading ~9% below this year's high, it's trading more than 30% above its average 5-year PE. The stock is only forecast to yield 2.8% fully-franked over the next 12-months, which doesn’t scan well compared to say ANZ on ~4.6% (part-franked).

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14/10/2025 09:22

ANZ Group (ANZ) v Commonwealth Bank (CBA)

CBA was driven higher by momentum traders into the EOFY, pushing it up to ~$190/sh, but ever since, it has peeled away, closing ~14% below this year's high on Monday.

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15/08/2025 08:28

Westpac (WBC) $36.04 vs Commonwealth Bank (CBA) $167.21

It’s not often we see WBC outperform CBA by 10% in a week. Both companies updated the market to varying degrees, with CBA releasing very solid FY25 results, while WBC provided a quarterly update that was slightly stronger.

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13/08/2025 17:43

Commonwealth Bank (CBA) $169.12

CBA -5.41%: posted a decent FY25 result but failed to deliver the material beat required to sustain its stretched valuation with the shares trading down as much as -6%.

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22/07/2025 09:19

BHP Group (BHP) v Commonwealth Bank (CBA)

The outperformance by CBA over BHP has been dramatic over the last 18 months, but it's started to snap back since late June: BHP has rallied +14% while CBA has fallen 8%, a more than 20% relative move, and we are looking for more of the same over the coming weeks/months:

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03/07/2025 10:00

Active Income Portfolio – Amendments

We are making several changes to the Income Portfolio today

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