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The latest update is out from Westpac Banking ( (AU:WBC) ).
Westpac reported a net profit after tax of $3.3 billion for the first half of 2025, a slight decrease of 1% from the previous year. Despite global uncertainties, the bank maintains a strong balance sheet and is experiencing growth in targeted areas such as business and institutional lending, which increased by 14% and 15% respectively. The bank is also expanding its regional presence and enhancing customer service through technological advancements and cost management initiatives.
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 personal, business, and institutional banking, with a focus on customer service excellence and technological innovation.
YTD Price Performance: 6.46%
Average Trading Volume: 2,237
Technical Sentiment Signal: Sell
Current Market Cap: $73.72B
See more data about WBC stock on TipRanks’ Stock Analysis page.
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