Feb 3 (Reuters) - Westpac Banking Corp (WBC) on Thursday posted an around 20% drop in first-quarter cash earnings and pointed to shrinking margins as it struggles with steep competition in mortgages.
Australia's fourth-largest bank by market value said cash earnings for the three months to Dec. 31 came in at A$1.58 billion ($1.13 billion), compared with A$1.97 billion reported a year ago.
It beat a A$1.47 billion forecast by Citigroup and A$1.38 billion by Morgan Stanley. ($1 = 1.3996 Australian dollars)
News: WBC Australia's Westpac posts 20% drop in Q1 cash earnings
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Last
$33.18 |
Change
0.150(0.45%) |
Mkt cap ! $113.3B | |||
| Open | High | Low | Value | Volume |
| $33.00 | $33.18 | $32.90 | $29.73M | 898.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 2899 | $33.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.18 | 5749 | 12 |
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| Last trade - 13.37pm 28/07/2025 (20 minute delay) ? |
| WBC (ASX) Chart |