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 forecasts the central bank will cut rates in February, which would be the country's first in five years. Profit for ...
Peter King leaves having steered Westpac through an impressive turnaround. But he sees two problems Australia needs to solve.
Morgan Stanley analyst Richard Wiles maintained a Hold rating on Westpac Banking (WEBNF – Research Report) today and set a price target ...
Australia's Westpac Banking Corp on Monday reported a fall in annual profit, and said it expects solid demand for housing and ...
Westpac may have recorded a 7-billion-dollar profit in its latest financial accounts, released yesterday, but its ...
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.3%. Looking ahead, ...
Banking major Westpac is seeing signs Australia’s economy has turned a corner after a gloomy year, announcing plans to plough ...
Mr King, who departs the top job next month, said he is leaving behind the strongest balance sheet at Westpac he has seen ...
Australia's Westpac said on Thursday Peter Herbert will be appointed as acting chief executive for its business and wealth ...
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