FEAR & GREED | Business News Afternoon Report | ASX soars on CBA profit
Feb 11, 2026
Markets jump after a blockbuster bank profit sparks a surge on the ASX. Banking stocks and the Aussie dollar make big moves. Corporate earnings produce dramatic winners and losers across several industries. Political leadership speculation in Canberra heats up. Breaking developments in a US kidnapping and a tragic school shooting in Canada are also covered.
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ASX Near Record Driven By Big Bank Profit
- The ASX 200 jumped 1.66% and sits less than one point from its record high.
- Commonwealth Bank's stronger-than-expected $5.4bn half lifted the market and sent CBA shares up 6.8%.
Bank Results Lift The Entire Sector
- Commonwealth Bank's result sparked the biggest one-day jump in six years for its share price.
- Other major banks also rose strongly, with NAB, Westpac and ANZ all gaining ground.
Leadership Shock And Strong Aussie Dollar
- Not all market moves were positive: ASX Limited fell 1.7% after its CEO Helen Lofthouse quit suddenly.
- The Aussie dollar also climbed to a three-year high above 71 US cents, adding market momentum context.