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
Westpac annual profit declines 3% but beats analysts' forecasts Company increases share buyback by A$1 bln Bank declares higher final dividend Nov 4 (Reuters) - No.2 Australian mortgage lender Westpac (WBC.AX), opens new tab said on Monday annual profit ...
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’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.
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’s profit jumps 10% as its income rises and impairment costs fall
Westpac New Zealand’s profit jumped 10% over the past year, as it suffered less of a hit from borrowers struggling to repay debts than it did in 2023. The Australian bank’s New Zealand division reported a net profit of $1.
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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 baulks at special dividend with US election in play
Gift 5 articles to anyone you choose each month when you subscribe. Westpac is hoarding cash to protect itself should ...
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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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’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.
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 ...
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 ...
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Westpac’s brutal call on rates
Westpac has flagged the majority of mortgage holders don’t need a rate cut, as they have become accustomed to higher interest ...
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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 ...