Westpac Shares Drop as Profit Slips, Margin Concern Flagged
Westpac Banking Corp.’s shares declined as much as 6% after profit and margins slipped and Chief Executive Officer Anthony ...
Westpac boss supports RBA rate cut, says it will deliver needed relief
The bank said its quarterly net profit of $1.7 billion was lower due to some notable items, while its profit margin also ...
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Westpac cuts home loan, deposit interest rate by 0.25%
Westpac Life and Westpac eSaver rates are affected. Westpac will cut interest rates for home loan and deposit customers by 0.25% per annum. This follows the Reserve Bank of Australia’s decision to ...
Earnings call transcript: Westpac sees core earnings surge in Q3 2023
Corporation (WBC) reported a significant increase in core earnings for the third quarter of 2023, reaching $1.58 billion. The company noted a modest 1% rise in cash earnings, excluding notable items, ...
Westpac watching rising unemployment as bad debts pull back
Westpac has warned Australia’s economic growth is set to track sideways, with unemployment expected to rise, as the lending ...
Up 29% in a year, are Westpac shares still a good buy today?
Westpac Banking Corp (ASX: WBC) shares have gained 29% in 12 months, not including dividends. Is the bank stock still a good ...
Westpac posts $1.7bn quarterly profit, flags rising unemployment
Westpac has posted a $1.7bn quarterly profit despite earnings falling almost 10 per cent. In first quarter results posted on Monday, Westpac flagged weak demand for businesses and unemployment to peak ...
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Westpac warns of sluggish economic growth; Q1 profit hits $1.7 billion
Westpac Banking (ASX: WBC) Corporation has cautioned that Australia’s economic growth is likely to stagnate, with unemployment expected to rise, as the lender reported a first-quarter profit of A$1.7 ...