Australia's CBA faces biggest weekly fall in more than six months

Commonwealth Bank of Australia

15/05/2026 02:46

** Commonwealth Bank of Australia CBA.AX shares rise 2.6%, but down 8.8% so far this week, heading for their biggest weekly fall since November 10

** Stock fell over 10% on Wednesday after the lender set aside more cash to prepare for risks linked to the Middle East conflict

** Quarterly cash net profit of A$2.7 billion also came in 2% below some analysts' forecasts

** Stock down 0.1% YTD

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))