Feb 3 (Reuters) - Westpac Banking Corp (WBC) :
- Q1 NET INTEREST MARGIN 1.91%%
- Q1 CASH EARNINGS OF A$1.58BN
- WESTPAC SEES COSTS (EXCLUDING NOTABLE ITEMS) LOWER IN FY22 AND DECLINE FURTHER THROUGH YEAR
- QTRLY IMPAIRMENT CHARGE OF A$118M
- REMAINS COMMITTED TO ITS A$8BN COST TARGET BY FY24
- GIVEN COVID-19, SUPPLY CHAIN DISRUPTIONS AND REDUCED ACTIVITY IN CERTAIN SECTORS, CONSIDER IT PRUDENT TO INCREASE PROVISIONS
- AT DEC 31, CET1 CAPITAL RATIO 12.2%
- 1Q22 STATUTORY NET PROFIT A$1,815 MILLION
- ENVIRONMENT HOWEVER REMAINS HIGHLY COMPETITIVE, AND WE CONTINUE TO SEE PRESSURE ON MARGINS
- NET INTEREST MARGINS ARE EXPECTED TO DECLINE FURTHER THROUGH FY22
- EXPECT THE INCREASE IN LIQUID ASSETS NEEDED TO OFFSET THE RUNDOWN IN THE CLF TO BE LARGELY COMPLETE BY THE END OF MARCH 2022
- CONTINUES TO WORK WITH APRA ON PREVIOUSLY DISCLOSED REGULATORY BREACHES IN RELATION TO ADVANCED MEASUREMENT APPROACH
- INTENDS TO PROVIDE AN UPDATE ON ITS OPERATING RANGE FOR CET1 CAPITAL RATIO WITH ITS 1H22 RESULTS
News: WBC Westpac Banking Corp Posts Q1 Cash Earnings Of A$1.58 Bln
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Last
$38.29 |
Change
-0.690(1.77%) |
Mkt cap ! $130.9B | |||
| Open | High | Low | Value | Volume |
| $39.15 | $39.28 | $38.16 | $282.5M | 7.328M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 607 | $38.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.29 | 2800 | 1 |
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| WBC (ASX) Chart |