WBC westpac banking corporation

Ann: Westpac 3Q23 update, page-14

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    Meanwhile, in an actual discussion of the (mixed) results....whilst net profit of $1.8bn is suggesting results slightly ahead of consensus $3.55bn) costs were up 5% presumably due to inflation pressures. Higher than analysts expected.

    3Q23 NIM wasup 10bps but this largely driven by hedging gain. Surprisingly falling to flat NIM's in a rising interest rate environment continues. Probably a lot why WBC was down today along with cost increases.

 
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