WBC results are steady = good
"It's fairly obvious that we are through the best part of the impairment cycle," Hartzer said on a post-earnings call. "Having said that ... stressed levels are fairly stable and we don't see a broad-based deterioration in asset quality."
The nation's oldest bank declared an interim dividend of 94 cents a share, unchanged from the final dividend of 2015.
Westpac has grown dividends consistently since September 2009...(and it will again in 2017 )
"This is prudent = Good management of Capital.
Cash earnings for the six months ended March 31 rose to a record A$3.9 billion ($2.96 billion) compared with A$3.78 billion a year ago .. led by growth in mortgages and corporate loans.
Net interest income, the difference of interest earned and paid out, rose 10 percent with net interest margins, a key gauge of profitability, increased to 2.14 percent. ($1 = 1.3161 Australian dollars)
Is NAB way undervalued?, page-6
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Last
$35.31 |
Change
0.570(1.64%) |
Mkt cap ! $109.0B | |||
| Open | High | Low | Value | Volume |
| $34.88 | $35.43 | $34.70 | $165.0M | 4.673M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16 | $35.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.31 | 6874 | 2 |
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| NAB (ASX) Chart |