neutral
2h agoWestpac shares rise nearly 3% despite 2% profit decline as market share improves
Westpac Banking Corporation reported a 2% decline in annual profit, but the results exceeded analyst expectations, lifting shares nearly 3% in early trade. The bank attributed the performance to stable lending margins, improving credit quality, and stronger deposit growth. Analysts noted that Westpac continues to regain market share across key retail segments following earlier restructuring efforts.
Despite the profit dip, operating trends suggested underlying resilience as cost discipline and digital adoption supported customer retention. The market reacted positively to signs of improving fundamentals.
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neutral
2h agoWestpac shares rise nearly 3% despite 2% profit decline as market share improves
Westpac Banking Corporation reported a 2% decline in annual profit, but the results exceeded analyst expectations, lifting shares nearly 3% in early trade. The bank attributed the performance to stable lending margins, improving credit quality, and stronger deposit growth. Analysts noted that Westpac continues to regain market share across key retail segments following earlier restructuring efforts.
Despite the profit dip, operating trends suggested underlying resilience as cost discipline and digital adoption supported customer retention. The market reacted positively to signs of improving fundamentals.
Explore:Mutual Fund Home
about 2 hours ago
1 min read
82 words
Westpac’s annual profit fell 2%, but better-than-expected results and improving market share pushed shares up nearly 3%.
Westpac Banking Corporation reported a 2% decline in annual profit, but the results exceeded analyst expectations, lifting shares nearly 3% in early trade. The bank attributed the performance to stable lending margins, improving credit quality, and stronger deposit growth. Analysts noted that Westpac continues to regain market share across key retail segments following earlier restructuring efforts.
Despite the profit dip, operating trends suggested underlying resilience as cost discipline and digital adoption supported customer retention. The market reacted positively to signs of improving fundamentals.
Westpac Banking Corporation reported a 2% decline in annual profit, but the results exceeded analyst expectations, lifting shares nearly 3% in early trade. The bank attributed the performance to stable lending margins, improving credit quality, and stronger deposit growth. Analysts noted that Westpac continues to regain market share across key retail segments following earlier restructuring efforts.
Despite the profit dip, operating trends suggested underlying resilience as cost discipline and digital adoption supported customer retention. The market reacted positively to signs of improving fundamentals.
Companies:
Westpac
Tags:
banks
stocks
banks
stocks
westpac
earnings
Nov 13, 2025 • 14:23 IST