Australia's CBA slips to three-month low as quarterly profit misses street view

Commonwealth Bank of Australia

13/05/2026 01:39

** Shares of Commonwealth Bank of Australia CBA.AX fall as much as 7.2% to A$159.21, their lowest point since February 10

** Stock logs its largest intraday pct loss since April 7

** The country's top lender logs third-quarter unaudited cash NPAT of A$2.7 billion ($1.95 billion), up from A$2.6 billion last year

** Citi says cash NPAT was around 2% below brokerage estimates, with quarterly run-rate implied by Visible Alpha consensus

** The modest NPAT miss on higher bad-and-doubtful debt charges and CET1 miss have been delivered into relative full positioning, Citi says

** Adds that coupled with the likely negative sentiment towards housing and credit growth out of the Federal Budget delivered overnight, the result could be negatively received

** CBA flat YTD, including the day's moves

($1 = 1.3820 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))