Westpac Annual Profit Falls 3%, But Upbeat on Prospects
Australia’s central bank joins global counterparts in cutting interest rates.Westpac reported a net profit of 6.99 billion Australian dollars, equivalent to US$4.59 billion, in the 12 months through September while revenue was broadly flat at A$21.
Australia's Westpac annual profit down as costs overshadow margin bump
No.2 Australian mortgage lender Westpac said on Monday annual profit dipped as costs associated with a technology overhaul outweighed an improved loan margin, but upped its final dividend and extended a share buyback,
Westpac Says Annual Profit Falls 3%, Upbeat on Prospects -- Update
Westpac reported a net profit of 6.99 billion Australian dollars (US$4.59 billion) in the 12 months through September while revenue was broadly flat at A$21.59 billion. Directors of the company declared a final dividend of 76 Australian cents a share,
Westpac Reports Stable Revenue Despite Profit Dip
Westpac Banking (AU:WBC) has released an update. Westpac Banking Corporation has reported a stable revenue of $21,588 million for the full year
Australian lender Westpac's annual profit falls 3%, increases buyback
Nov 4 (Reuters) - Australia's Westpac Banking Corp (WBC.AX), opens new tab reported a 3% fall in annual profit on Monday due to rising costs and intense competition in the mortgage market, while it increased its buyback program by A$1 billion. The bank's ...
Westpac shares on watch amid $6.99b profit and new buyback
Has the big four bank delivered the goods for investors this year? Let's find out. The post Westpac shares on watch amid $6.99b profit and new buyback appeared first on The Motley Fool Australia.
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Westpac's Minimal Support for Rescue Helicopter
Westpac may have recorded a 7-billion-dollar profit in its latest financial accounts, released yesterday, but its ...
Westpac Profit Tops Estimates as Bank Increases Share Buyback
Westpac Banking Corp.’s profit beat estimates as higher interest rates buoyed the bank’s margins and handed investors an ...
Morgan Stanley Keeps Their Hold Rating on Westpac Banking (WEBNF)
Morgan Stanley analyst Richard Wiles maintained a Hold rating on Westpac Banking (WEBNF – Research Report) today and set a price target ...
Westpac set for new era as CEO Peter King steps down
Peter King (pictured above left), delivering his final annual result as CEO of Westpac, praised the bank’s strong footing and ...
Westpac Banking Corporation (WEBNF) Q4 2024 Earnings Call Transcript
Westpac Banking Corporation ( OTCPK:WEBNF) Q4 2024 Results Conference Call November 3, 2024 6:00 PM ET Justin McCarthy - General Manager of Investor Relations Peter King - CEO, MD & Director Michael ...
Westpac Banking Corp.AD-Medium-Term Notes 2022(27) Bond
The Westpac Banking Corp.-Bond has a maturity date of 11/11/2027 and offers a coupon of 5.3000%. The payment of the coupon ...
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Outgoing Westpac CEO reports profit slide in FY24
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 Full Year 2024 Earnings: EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.3%. Looking ahead, ...
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RBA Set to Hold Key Rate
Today’s must-reads: • RBA seen holding key rate • Westpac’s profit beats • Student loans to be cut Australia’s central bank ...
Westpac’s departing King sees two pain points for Australia
Peter King leaves having steered Westpac through an impressive turnaround. But he sees two problems Australia needs to solve.