Top 3 ASX Companies Driving ASX 200 Upwards

Commonwealth Bank of Australia (ASX: CBA)

as on 13 May 2026, reported a stable quarter backed by strong capital, liquidity and asset quality. The CET1 ratio stood at 11.6% at the end of the quarter. The credit risk and interest rate risk increased during the quarter which was reflected by an increase in Risk-Weighted Assets by 2.4% to $517.5 billion.

But the company maintained a strong funding profile and the liquidity also remained well above the regulatory requirements, which was validated by LCR of 133% and NSFR of 116%. Tier 1 and Total Capital ratios were also well above the minimum requirement, reflecting a strong balance sheet.

The company has a market capitalisation of around $301 billion, making it one the biggest constituent of ASX 200 which also comes with a dividend yield of 2.75%.

The management is expected to maintain the bank’s position through disciplined lending and strong liquidity despite macroeconomic uncertainty. The main focus remains on maintaining strong credit quality along with helping customers and delivering sustainable long-term shareholder returns.

BHP Group Limited (ASX: BHP),

as on 16 July 2026, announced its fourth quarter results, highlighting a strong performance during the year getting driven by record production across various commodities.

Record annual production was achieved at Iron Ore with a 1% increase from prior corresponding period to 264.7 Mt. The steelmaking coal production also increased by around 3% to 18.6 Mt.

Copper production remained highest amount the company’s history at 1.95 Mt despite the lower grades at Escondida. Almost all the assets met the full-year guidance with some even exceeding it, reflecting disciplined operations which helped in achieving productivity gains. BHP is among the largest companies in ASX 200 with a market capitalisation of around $319.21 billion and a dividend yield of approximately 3.11%.

The company expects to have disciplined earnings despite uncertain commodity market conditions through operational efficiency and durable & low cost assets. WAIO’s guidance also maintained at 260-272 Mt, reaffirming effective capital allocation and continued investment in copper and potash projects.

Macquarie Group Limited (ASX: MQG),

as on 8 May 2026, announced its yearly result for FY26, reporting strong performance with a surged net profit after tax of $4.847 billion, which is around 30% above the FY25 number. The return on equity also increased by around 25% from the previous year to 14% in FY26.

Strong capital metrics were reported with APRA Basel III CET1 ratio of 12.8% along with strong liquidity position which was supported by an impressive Liquidity Coverage Ratio (LCR) of 173% and Net Stable Funding Ratio (NSFR) of 116%.

Total customer deposits also increased by 25% to $221.5 billion and the management declared a full-year ordinary dividend of $7.00 per share, 35% was franked. With a market capitalisation of approximately $102.52 billion, Macquarie remains one of Australia’s leading financial institutions.

The management also expects the coming financial year to remain supported by diversified earnings across its various segments. Despite a challenging macroeconomic environment, the company is expected to provide long-term shareholder value through a strong capital position along with continued investment in growth opportunities.

(Source: Company Announcement)