Sydney, Jan 10, 2026, 17:00 AEDT — Market closed
- Commonwealth Bank of Australia ended Friday at A$153.22, slipping 0.1%, and is down roughly 4.5% in 2026 to date
- Other major Australian banks also closed down on Friday, while the broader ASX 200 remained mostly flat
- Upcoming catalysts: ABS spending data on Jan 12, CPI figures on Jan 28, the RBA decision on Feb 3, and CBA’s half-year results on Feb 11
Commonwealth Bank of Australia (ASX:CBA) shares ended Friday at A$153.22, slipping 0.1% as the stock continues a retreat that has shaved about 4.5% off its value in 2026. The stock still trades within a 52-week band between roughly A$140 and A$192.
Rates are back in focus. The Australian Bureau of Statistics will release its Monthly Household Spending Indicator on Jan 12, followed by the consumer price index (CPI) on Jan 28. Meanwhile, the Reserve Bank of Australia is set to announce its next policy decision on Feb 3.
Those dates are key for bank earnings since rate expectations influence net interest margin, or NIM — the profit banks make on loans after covering deposit and funding costs. CBA will report its half-year results and announce its interim dividend on Feb 11.
The bank goes ex-dividend on Feb 18, so anyone buying after that date won’t get the interim payout, which is set for around March 30. That timing often causes rapid moves in the stock, especially when prices are already falling.
On Friday, major banks slipped across the board: ANZ fell 0.6%, Westpac dropped 0.3%, NAB declined 0.2%, and CBA edged down 0.1%. “There is a big chance that the Supreme Court rules Trump’s tariffs illegal,” AMP deputy chief economist Diana Mousina noted, highlighting another overseas variable. (AAP News)
Overseas, U.S. job growth fell short of forecasts in December, with payrolls rising by 50,000 and the unemployment rate ticking down to 4.4%, Reuters reported. These global shifts in yields following the report could influence bank trading once the ASX reopens.
On the chart, SwingTradeBot marked near-term support at A$152.09 and A$150.95, while resistance was noted near A$154.68 and A$156.13. It also flagged “oversold” readings on the slow stochastic, a momentum indicator some traders rely on to identify stretched moves.
But the next catalyst could go either way. In its November trading update, CBA flagged rising wage and technology costs, along with tougher competition and a lower cash-rate environment, as pressures on key margins. If the half-year results reveal more NIM compression or higher bad debts, investors might bail before the dividend payout.
