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, 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 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
Australia's Westpac Banking Corp 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.
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
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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, ...
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 ...
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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 ...
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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 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 ...