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Westpac Banking ( (AU:WBC) ) has issued an update.
Westpac’s net profit after tax for the first half of 2025 is expected to decrease by $140 million due to notable items related to hedging, which are expected to reverse over time. Additionally, changes in Pillar 3 reporting standards by APRA, effective from January 2025, will impact Westpac’s disclosure practices, with new formats and frequencies for reporting required.
More about Westpac Banking
Westpac Banking Corporation is a major Australian financial institution operating in the banking industry. It offers a range of financial services including consumer banking, business banking, and wealth management, with a market focus primarily in Australia and New Zealand.
YTD Price Performance: -3.14%
Average Trading Volume: 2,480
Technical Sentiment Signal: Hold
Current Market Cap: $70.98B
See more data about WBC stock on TipRanks’ Stock Analysis page.
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