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.
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 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's annual profit down 3 per cent to $7 billion
Westpac's full-year profit has dropped 3 per cent to around $7 billion. It was the last profit results day for CEO Peter King, who will hand over the reins in December to Anthony Miller, the current head of Business and Wealth.
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
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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 ...
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 ...
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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 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 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 ...
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Fewer Westpac customers on hardship provisions
Westpac says the peak of the cost-of-living crisis might have passed, noting the number of mortgage holders that need help ...
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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 ...
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 ...
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, ...