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Commonwealth Bank of Australia (CMWAY) Q2 2026 Earnings Call Transcript

Commonwealth Bank of Australia reported a record first-half cash earnings on Wednesday, propped up by robust growth in lending and deposit volumes, although margins were pressured due to tight competition in a low-interest-rate environment.

I trimmed positions in NVDA and AMD due to valuation concerns and overexposure, favoring BDCs like ARCC, OBDC, and HTGC for yield. November dividend income reached a record $653, up 5% Y/Y, with BDCs now comprising 33% of total dividends despite potential sector-wide dividend cuts. My 2025 target is $11,000 in annual net dividends (8% growth), with flexibility to raise capital for real estate or travel if…