Westpac Says Annual Profit Falls 3%, Upbeat on Prospects -- Update
Westpac, like other lenders, has benefited from an elevated interest rate environment. Westpac on Monday said its net interest margin--a key profitability indicator which excludes Notable Items, Treasury and Markets--was 1.95% in its most recent year, down just 1 basis point on fiscal 2023.
Westpac may have recorded a 7-billion-dollar profit in its latest financial accounts, released yesterday, but its ...
Australia’s central bank joins global counterparts in cutting interest rates.Westpac reported a net profit of 6.99 billion ...
Morgan Stanley analyst Richard Wiles maintained a Hold rating on Westpac Banking (WEBNF – Research Report) today and set a price target ...
Westpac annual profit declines 3% but beats analysts' forecasts Company increases share buyback by A$1 bln Bank declares ...
Peter King (pictured above left), delivering his final annual result as CEO of Westpac, praised the bank’s strong footing and ...
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.3%. Looking ahead, ...
Westpac’s NPAT saw a 3 per cent decrease in FY24, amid one of its “strongest” ever balance sheets. Westpac has posted a net ...
Westpac Banking Corp, Australia's third largest lender by market value, said on Monday that its annual profit fell as ...
Westpac is reporting a 10-percent increase in net profit in New Zealand, while being hit by "intense market competition" in Australia. It comes as the bank bosses are being hauled before a banking ...
Peter King leaves having steered Westpac through an impressive turnaround. But he sees two problems Australia needs to solve.
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