Are Commonwealth Bank of Australia (ASX:CBA) shares a buy for passive income?

Core Viewpoint - Commonwealth Bank of Australia (CBA) shares are considered for passive income through dividends, but economic disruptions pose challenges [1] Group 1: Dividend Performance - The bank's dividend payments have been increasing since 2020, with estimates suggesting an annual dividend per share of $5.25, reflecting an 8% year-on-year increase [2][3] - The projected dividend is expected to rise to $5.50 per share in FY27, indicating a 4.75% increase [4] Group 2: Market Position and Valuation - CBA shares trade at a higher valuation compared to competitors like ANZ, NAB, and WBC, with a trading multiple of 23x FY26's estimated earnings [5] - The bank is not growing its loan book as quickly as Macquarie Group, which raises concerns about its current investment attractiveness [5] Group 3: Future Outlook - If CBA can manage to lower expense growth while maintaining loan growth momentum, it may surprise the market and deliver positive returns [6] - Other ASX companies are highlighted as more appealing for dividends, such as Future Generation Global and Charter Hall Long WALE REIT, suggesting CBA may not be the first choice for dividend investors [7][8]