Westpac Banking

Westpac's stock plunged about 5.1% to A$35.98 after the bank reported an average decline in monthly mortgage applications of 20% to roughly 26,000 between 15 May and 31 July. Investor applications fell 26%, while owner-occupier applications fell 18%. Westpac blames changes to property tax settings (including negative gearing and capital gains tax concessions) for the slowdown and expects investor loan growth to slow from 9.1% (2026) to 4.5% (2027) and 4.4% (2028). Quarterly cash earnings were around A$1.8bn, marginally below the prior year; bank competition and margin pressure are additional headwinds. » Mere på de.investing.com

Westpac reports an adjusted net profit of $3.5bn for the first half of 2026, virtually unchanged from the previous half, with loans and deposits each rising by about 7%. The net interest margin fell slightly, which, together with higher risk provisions (impairment charges $443m, total risk buffer $5.2bn), weighed on the share price (-4.83%). The CET1 ratio stands at 12.4%; an interim dividend of 77 cents was announced. Westpac highlights progress on the UNITE transformation program but warns of headwinds from weaker economic forecasts and regulatory changes. » Mere på de.investing.com

Westpac reports H1 2026 net profit before one-offs of 3.5 billion AUD (+1%) with earnings per share of 1 AUD, which missed expectations by a wide margin. Revenue rose to 26.31 billion AUD, comfortably beating forecasts, driven by strong balance-sheet growth. The stock fell about 2.1% in pre-market trading, while RoTE remained stable at 11% and the cost-to-income ratio improved slightly to 51.7%. » Mere på de.investing.com

Westpac reports a 1% increase in net profit to AUD 3.5 billion for the first half of 2026, with return on tangible equity remaining steady at 11%. Revenue fell slightly to AUD 10.95 billion, and operating profit declined 2% due to volatile items. The bank announced a fully franked dividend of AUD 0.77 per share, faces macroeconomic risks, and continues to focus on digital banking and cost management. The stock slipped slightly in premarket trading. » Mere på de.investing.com

Westpac recorded adjusted net profit growth of 6% to USD 1.9 billion in Q1 2026, driven by slightly improved net operating income and lower costs, lifting profit before impairments by 7% to USD 2.8 billion. Gross loans and deposits rose to USD 879 billion and USD 735 billion respectively; NIM edged up to 1.94%. Credit quality remained broadly stable with expected loan loss provisions of USD 5.091 billion. The CET1 ratio was 12.3% at 31 December 2025; the planned sale of RAMS and a share buyback programme are expected to further strengthen the capital base. Westpac expects continued deposit growth, remains focused on mortgage strength and anticipates moderate credit growth in the institutional segment amid ongoing margin and industry risks. » Mere på de.investing.com