Sydney, June 27, 2026, 02:03 (AEST)
- Commonwealth Bank ended Friday at A$162.02 after slipping 0.42%. The S&P/ASX 200 was up 0.18% to 8,764.20.
- CBA dipped 0.2% on the week, though it dropped 1.7% in the last two sessions. The ASX 200 was down 0.73% for the week.
- Judo’s warning on bad loans put focus on CBA’s business lending and its collective-provision buffer.
ASX cash trading was closed at the dateline. Standard hours for the cash market are 09:59:45 to 16:00 Sydney time, with the closing auction after regular trade.
Commonwealth Bank of Australia (ASX:CBA) finished the week with a slight drop, but the late-week move was steeper. CBA settled at A$162.02 on Friday, losing A$0.68 for the session. Volume was 2.28 million shares. Market cap stood near A$271.13 billion, with a trailing P/E at 26.22.
S&P/ASX 200 (INDEXASX:XJO) was up 0.18% Friday, but the S&P/ASX 200 Financials index (INDEXASX:XFJ) dropped 0.19%. CBA lagged both.
CBA had more action this week than the final numbers suggest. The stock started at A$162.40 last Friday, got up to A$164.79 by Wednesday, then slipped 1.68% in the last two sessions. The high for the week came Wednesday at A$167.39, while Friday’s low touched A$161.28. That gave a weekly range of A$6.11, or about 3.8% of Friday’s close.
CBA trades at a premium even with shares 15.6% under the A$191.88 52-week high as of Friday’s close. That price doesn’t give much buffer for any bad credit news compared to lower-valued banks.
Judo Capital Holdings (ASX:JDO) shares sank more than 45% on Thursday after the SME lender lowered its 2026 profit forecast and put annual cost of risk between A$116 million and A$122 million. The company said 90-day past-due and impaired loans will be about 3% of gross loans by June 30.
Judo CEO Chris Bayliss told Market Index, “Recent credit outcomes have been driven by a small number of customers.” Still, the hit was enough to push investors to question how banks are going after business-loan growth. Market Index
CBA is not Judo, but business lending is a key area for it. The bank said business lending rose A$21.6 billion in the year to March, up 12.5%, coming in at 1.2 times system growth for the March quarter. In the update, CBA also increased the collective provision’s forward-looking component by A$200 million, logged A$316 million in loan impairment expense, and put corporate troublesome and non-performing exposures at A$6.5 billion. CEO Matt Comyn said CBA is “closely monitoring the impacts of the Middle East conflict and the broader macroeconomic environment.” CommBank
CBA’s credit buffer could be in focus for investors next week. The bank had A$5.7 billion in collective provisions as of March 31, and individual provisions were A$0.8 billion. Total provision coverage was 1.57%.
The macro signals look mixed for a lender that’s big in mortgages and is expanding in business lending. The Reserve Bank of Australia’s cash rate target sits at 4.35%, with the next policy statement set for 2:30 p.m. on Aug. 11.
Jobs data this week kept the rate outlook tight. The ABS reported unemployment dropped to 4.4% in May with 40,000 jobs added. Monthly CPI put annual inflation running at 4.0%. Trimmed mean inflation picked up to 3.6%.
CBA won’t release any financials next week. According to the company’s calendar, it has set Aug. 12 for its full-year results and final dividend statement.
