For the years following the commission banking profits have been hit by impairment charges, squeezed by interest rates, and defaulted by Coronavirus. Today Westpac came out with a profit of $3.4 Billion, up a MASSIVE 189%, a feat never before seen by the likes of the big 4 banks. It doesn’t stop there with cash earnings of $3,537m, up 256%
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- Ann: Westpac 1H21 Presentation and Investor Discussion Pack
Ann: Westpac 1H21 Presentation and Investor Discussion Pack, page-18
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