CBA trails market as rate-cut bets drop
Commonwealth Bank of Australia slipped 0.15% to A$160.24 on Wednesday, underperforming the S&P/ASX 200, which rose 0.57%. The decline followed concerns over interest rates, slower mortgage growth, and valuation after CBA’s May update. The bank’s next full-year results are due August 12. RBA’s cash rate stands at 4.35% after a May hike.