Comm Bank hikes dividend as shares hit all-time high

CBA posted a first half cash profit of $5.1 billion, up two per cent on the same period in 2024. (Tracey Nearmy/AAP PHOTOS)

Commonwealth Bank keeps on defying critics who call Australia's biggest company overvalued and too expensive.

CBA shares on Wednesday afternoon were up 1.8 per cent to an all-time high of $165.12, after Australia's leading bank delivered a $5.1 billion first-half cash net profit, up two per cent from a year ago.