Feb 17 (Reuters) - Westpac Banking Corp (WBC) on Wednesday reported a higher first-quarter profit, compared with the average of the previous two quarters, and saw a decline in stressed assets, as the Australian economy and the housing market recover from the COVID-19 pandemic.
Australia's third-largest bank said cash profit for the three months to Dec. 31 came in at A$1.97 billion ($1.53 billion), up over the quarterly average of A$808 million over the last two quarters. ($1 = 1.2887 Australian dollars)
News: WBC Australia's Westpac reports lower stressed assets; Q1 profit improves
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Last
$33.99 |
Change
0.080(0.24%) |
Mkt cap ! $116.2B | |||
| Open | High | Low | Value | Volume |
| $33.90 | $34.00 | $33.65 | $99.58M | 2.935M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1475 | $33.96 |
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| Price($) | Vol. | No. |
|---|---|---|
| $33.99 | 385 | 1 |
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| WBC (ASX) Chart |