Australia's CBA posts record $6.7 billion full-year profit amid business lending push

CBA's Financial Performance: Commonwealth Bank of Australia reported record full-year cash earnings of A$10.25 billion and a historic dividend payout, driven by growth in business lending, despite a 4% drop in shares due to concerns over high valuations and volatility in trading income.

Market Position and Economic Context: CBA is increasing its market share in business lending, now holding nearly 19%, while facing competitive pressure from National Australia Bank. The bank noted improvements in economic conditions but warned of ongoing macroeconomic uncertainties and rising cost-of-living pressures affecting some customers.