Browsing Tag
Westpac New Zealand
2 posts
Westpac reports A$6.8bn profit as bad debt charges double and lending margins tighten
Westpac Banking Corporation has reported broadly unchanged underlying earnings despite stronger lending and deposit growth, as higher impairment charges and a narrower net interest margin offset operating improvements. Its capital position remains strong, supporting a fully franked final dividend of 77 cents per share.
Why Westpac Banking (ASX: WBC) shares fell over 4% despite a A$1.8bn Q3 profit print
Westpac posts Q3 profit of A$1.8bn and pro forma CET1 of 12.3%, setting up a probable November FY26 buyback as mortgage volumes drop 20% since May.