CBA just delivered another $2.8 billion quarter. Would I buy the bank's shares?

Detailed summary

The latest results showed stronger profits, but there are signs that some borrowers are feeling the pressure. The post CBA just delivered another $2.8 billion quarter. Would I buy…

Commonwealth Bank of Australia (ASX: CBA) shares are having a difficult session on Wednesday.

The banking giant's shares are down around 1% following the release of its first-quarter trading update.

However, the broader market is also trading lower after a weak session on Wall Street overnight.

So, are CBA's results a reason to be cautious, or would I take the opportunity to buy?

For the three months ended 30 September, CBA reported an unaudited cash profit of approximately $2.8 billion.

That represents an 8% increase on the prior corresponding period, although earnings were flat compared with the average quarter during the second half of FY26.

The bank also reported operating income growth of 3%, supported by continued growth in lending and deposits.

Overall, I think that's a respectable performance, although there are some areas of concern.

One potential negative is the deterioration in mortgage arrears. CBA revealed that home loan arrears increased by seven basis points during the quarter to 0.80%.

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