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Australia's Westpac's first-quarter margin contracts, shares slide

Summary by Investing.com

Shares of Westpac Banking Corp fell as much as 6% on Monday after a core operating measure worsened in the first quarter despite an overall increase in profit helped by a drop in bad loans and growth in lending volumes.

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Investing.com

Australia's Westpac's first-quarter margin contracts, shares slide

6 days ago

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Bloomberg

Westpac Profit Dips as CEO Miller Sees Rates Challenging Clients

Westpac Banking Corp. profit slipped as Chief Executive Officer Anthony Miller said the high cost of living in the Australian economy continues to bite into customers’ spending power.

6 days ago·United States

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Reuters

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regionalmedianews.com

Australia's Westpac's first-quarter margin contracts, shares slide

The ratio of loan repayments more than 90 days late to total loans fell.

6 days ago·United Kingdom

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fool.com.au

Up 29% in a year, are Westpac shares still a good buy today?

Despite sliding 5.9% since last Friday's close, Westpac Banking Corp (ASX: WBC) shares remain up an impressive 29.4% since this time last year. Shares in the S&P/ASX 200 Index (ASX: XJO) bank stock are down 2.0% in intraday trade today, swapping hands for $32.62 apiece. For some context, the ASX 200 is down 0.7% at this same time, as investors await the much-anticipated interest rate decision from the RBA this afternoon. Atop the sizeable capita…

5 days ago

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