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Hot Topic Budget 25
Hot Topic Budget 25
Investment
1 mins to read

Westpac shares up despite missing targets

At close of trade on Monday, shares were up 2.78% as investors overlooked a missed profit target.

Westpac CEO Peter King.

Dan Purves Tue, 20 Feb 2024

Net profit came in at A$1.5 billion for the ASX-listed Westpac in the December quarter, below consensus expectations of A$1.65b, and a fall of 6% compared with 2H2023 average, with the bank also reporting a decline in net interest margins to 1.78%; however, the market was bullish on Westpac’s

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Dan Purves Tue, 20 Feb 2024
Contact the Writer: dpurves@nbr.co.nz
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Westpac shares up despite missing targets
Investment,
102778
true