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AAP
AAP
Business
Derek Rose

CBA shares suffer biggest drop ever after earnings miss

Commonwealth Bank Matt Comyn CBA The Commonwealth Bank
The Commonwealth Bank's operating income was flat in the three months to March 31. (Joel Carrett/AAP PHOTOS)

Australia's largest bank's share price has plummeted after it raised its cash buffers to cushion it from bad loans in the event the economy goes into downturn as a result of the Middle East conflict.

Commonwealth Bank on Wednesday said it had raised its credit provisioning level by $200 million to $6.5 billion, affecting its bottom line.

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