Westpac Flags One-Off IT Costs
Westpac (WBC) seems to be softening up investors ahead of reporting its 2014-15 profit on November 2.
Read MoreWestpac (WBC) seems to be softening up investors ahead of reporting its 2014-15 profit on November 2.
Read MoreWestpac’s (WBC) new strategy under CEO Brian Hartzer left investors underwhelmed yesterday with the bank’s shares slipping 0.4% to $29.80.
Read MoreWestpac (WBC) has added its bit to the current round of updates and profit reports, and in doing so has sort of calmed investor concerns about bad debts.
Read MoreWestpac (WBC) shares were left all but unmoved by the release yesterday of the long mooted reorganisation of the bank by the new CEO, Brian Hartzer who took the top job in February, replacing Gail Kelly.
Read MoreWestpac (WBC) has reported a flat profit in the six months to the end of March, but lifted interim payout to keep shareholders happy.
Read MoreThe changing of the guard at the top of Westpac (WBC) (which won’t happen until February next year), isn’t as big a deal as this morning’s media and yesterday’s share price reaction would have us believe.
Read MoreWestpac (WBC) lifted cash earnings 8% to a record $7.628 billion for the year to September and has boosted final dividend two cents a share to 92 cents.
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.
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