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)
Feb 3 (Reuters) - Westpac Banking Corp (WBC) on Thursday posted...
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Last
$33.03 |
Change
-0.260(0.78%) |
Mkt cap ! $113.0B | |||
| Open | High | Low | Value | Volume |
| $33.24 | $33.35 | $32.82 | $105.9M | 3.205M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $32.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.04 | 4350 | 1 |
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| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| WBC (ASX) Chart |