Nov 7 (Reuters) - Australia's no.3 lender Westpac Banking Corp (WBC) on Monday reported a 1.4% drop in annual profit, hurt by pressure on margins from intense competition in home lending in the first half and a charge related to the sale of its life insurance unit.
Cash earnings came in at A$5.28 billion ($3.38 billion) for year ended September, compared with A$5.35 billion a year earlier and a Morgan Stanley estimate of A$5.23 billion.
Westpac declared a final dividend of 64 Australian cents per share, compared with Australian 60 cents last year. ($1 = 1.5610 Australian dollars)
News: WBC Australia's Westpac annual profit falls 1.4% on sale of unit
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Last
$38.98 |
Change
0.250(0.65%) |
Mkt cap ! $133.3B | |||
| Open | High | Low | Value | Volume |
| $38.71 | $39.13 | $38.64 | $320.9M | 8.564M |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
| $39.00 | 10000 | 1 |
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| WBC (ASX) Chart |