Profit, Dividend Higher At Westpac
Westpac (WBC) this morning joined the ANZ in lifting interim profit and dividend for the six months to March 31.
Read MoreWestpac (WBC) this morning joined the ANZ in lifting interim profit and dividend for the six months to March 31.
Read MoreA thumbs down from the market for the full year profit, higher dividend and special payment from Westpac (WBC).
Read MoreIt’s a difficult task being the CEO of a big Australian bank: they have to sound concerned, informed and above all authoritative, as we saw with Westpac’s Gail Kelly yesterday, and will hear from the NAB’s Cameron Clyne later today and from the ANZ’s Mike Smith tomorrow.
Read MoreUnlike the receptions for other banks reports or updates this reporting season, Westpac’s third quarter trading statement yesterday was given the thumbs down by the market.
Read MoreWestpac has joined the banking reality club, along with charter member, ANZ.
Read MoreWestpac has gone against the trend in reporting a fall in first quarter cash earnings, unlike the NAB and the Commonwealth last week.
Read MoreWestpac shares actually had a fairly sedate reaction to the 26% rise in cash earnings to $5.88 billion for the year to September 30.
Read MoreWith Westpac delivering its third quarter update yesterday a couple of points emerge strongly.
Read MoreYesterday’s fear-driven sell-off locally followed overseas leads, so it was natural that banks and other groups exposed to risk should be sold off as well.
Read MoreFirst it was the Commonwealth, then Bendigo Bank, and yesterday Westpac joined the queue to reveal that profits in this now highly concentrated sector were better than at any other time, and we are not yet fully out of the slump.
Read MoreThe Reserve Bank has come to the aid of Westpac (and other banks) once again.
Read MoreIs Westpac feeling the heat already from last week’s decision to lift home loan rates by a market leading 0.45%?
Read MoreAnother rate rise to end the year, a few more howls and cries of complaint as banks follow with mortgage rate increases.
Read MoreWestpac Banking Corporation (WBC) announced today that it has launched a new branch in Shanghai after the Chinese banking regulator approved its application for a financial licence.
Read MoreWestpac (WBC) has raised $247 million from institutions from an initial public offer (IPO) of shares in funds manager BT Investment Management (BTIM).
Read MoreLike St George the day before, record result from Westpac lit a fire under banking stocks for a second day in a row.
Read MoreSo far St George Bank has produced the result that stands out from the rest of the majors in this March 30 interim reporting season, even though Westpac was pretty upbeat about its numbers yesterday.
Read More