WBC westpac banking corporation

May 8 (Reuters) - Westpac Banking Corp (WBC) : AT A MACRO...

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    May 8 (Reuters) - Westpac Banking Corp (WBC) :

    • AT A MACRO LEVEL, OUR LOAN PORTFOLIOS REMAIN HEALTHY
    • BOOSTED CREDIT IMPAIRMENT PROVISIONS THIS HALF REFLECTING THE FORECAST TOUGHER ECONOMIC OUTLOOK
    • INTEREST RATES NOW CLOSER TO THEIR FORECAST PEAK, BUT WE ARE FOCUSED ON HOW LONG THEY STAY HIGH
    • EXPECT TO SEE MORE STRESS IN THE PERIOD AHEAD FROM HIGH INTEREST RATES, PARTICULARLY IN SMALL BUSINESS
    • AUSTRALIAN ECONOMY EXPECTED TO SLOW OVER THE REMAINDER OF 2023
    • WE'LL SHIFT OUR FOCUS FROM AN ABSOLUTE EXPENSE TARGET TO IMPROVING THE EXPENSE TO INCOME RATIO RELATIVE TO PEERS
    • CREDIT GROWTH – BOTH HOUSING AND BUSINESS – WILL EASE IN 2023
    • INTENSE MORTGAGE COMPETITION EXPECTED TO NEGATIVELY IMPACT INDUSTRY AND WESTPAC'S MARGINS IN THE NEXT HALF
    • SHIFT IN FOCUS TO O INCOME RATIO RELATIVE TO PEERS DUE TO EXPECTED CONTINUING INFLATION, ONGOING AND NEW RISK & REGULATORY REQUIREMENTS
    • IN FUTURE, WE'LL SHIFT FOCUS FROM ABSOLUTE EXPENSE TARGET TO IMPROVING EXPENSE TO INCOME RATIO RELATIVE TO PEERS
 
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(20min delay)
Last
$34.25
Change
0.590(1.75%)
Mkt cap ! $117.1B
Open High Low Value Volume
$33.89 $34.31 $33.71 $78.75M 2.309M

Buyers (Bids)

No. Vol. Price($)
23 1743 $34.24
 

Sellers (Offers)

Price($) Vol. No.
$34.25 1135 4
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Last trade - 15.52pm 11/08/2025 (20 minute delay) ?
WBC (ASX) Chart
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