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 additional buyback worth A$1 billion ($660 million) as well as a special dividend.
Australian Lender Westpac's Annual Profit Falls 3%, Increases Buyback
Australia's third largest lender by market value reported net profit attributable of A$6.99 billion ($4.61 billion) for the year ended Sept. 30, compared with A$7.20 billion reported last year and an LSEG estimate of A$6.50 billion.
Westpac sees better economic times ahead as bank posts $7bn profit, announces $1bn share buyback
Banking major Westpac is seeing signs Australia’s economy has turned a corner after a gloomy year, announcing plans to plough a further $1bn into a share buyback after posting a $7bn full year profit.
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 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 group executive for HR to retire after 17-year tenure
Westpac Group Executive for Human Resources, Christine Parker, is retiring after nearly two decades with the financial ...
Westpac Announces Retirement of HR Executive
Westpac Banking (AU:WBC) has released an update. Westpac Banking has announced the retirement of Christine Parker, who has been instrumental in ...
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 ...
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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 ...
Australia's Westpac annual profit down as costs overshadow margin bump
Westpac annual profit declines 3% but beats analysts' forecasts Company increases share buyback by A$1 bln Bank declares ...
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 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, ...
Australia's Westpac falls as higher expenses weigh on bottom line
Westpac Banking Corp, Australia's third largest lender by market value, said on Monday that its annual profit fell as ...
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 ...