Commonwealth Bank of Australia has reported a record full-year cash profit of 10.98 billion Australian dollars for fiscal 2026, beating market expectations. At the same time, the bank warned of a sharp drop in demand, with new home loan applications falling 15 percent and investor loan applications down 28 percent since the government's tax changes in May. CEO Matt Comyn expressed caution that high interest rates and inflation are placing a heavy burden on households and economic activity. The bank also announced a record final dividend of 2.70 Australian dollars per share, while its full-year net interest margin fell 3 basis points from the previous year to 2.05 percent.
Record profit and dividend beat expectations, though mortgage demand warning tempers outlook.
