Westpac Shares Rise as Profit Gains, Margin Pressure Eases

Bloomberg08-19

(Bloomberg) -- Westpac Banking Corp.’s profit edged higher as pressure on margins eased and mortgage lending grew faster than the wider industry, offsetting a fragile outlook for the nation’s economy....

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A Floating Island in Baltimore Raises Hope for a Waterfront Revival. A Warehouse StorePromises Housing for South LA, in Bulk. Unaudited net profit came in at A$1.8 billion  in the three months to June 30, according to a statement Monday. The credit impairment charge was lower than expected and the lender is well placed to return more capital to shareholders, analysts said.Shares in the bank added 1.5% as of 10:56 a.m. in Sydney. Australia’s largest lenders are contending with expectations that interest rates will begin to fall before the end of this year, even as many consumers and businesses curb spending.“The primary positive for Westpac was the increase in net interest margin coupled with strong loan growth, showcasing resilience in","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"WBCPL.AU":"WESTPAC BANKING CORP","WBCPM.AU":"WESTPAC BANKING CORP","WBC.AU":"WESTPAC BANKING CORPORATION","BK7135":"综合性银行"},"translate_title":"西太平洋银行股价随着利润增长和利润率压力缓解而上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WBC.AU":1,"WBCPL.AU":0.9,"WBCPM.AU":0.9},"content_text":"(Bloomberg) -- Westpac Banking Corp.’s profit edged higher as pressure on margins eased and mortgage lending grew faster than the wider industry, offsetting a fragile outlook for the nation’s economy.\nMost Read from Bloomberg\n\nManchester Is Giving London a Run for Its Money\nBoston’s Broke and Broken Transit System Hurts Downtown Recovery\nA Floating Island in Baltimore Raises Hope for a Waterfront Revival\nA Warehouse Store Promises Housing for South LA, in Bulk\nThe Cross-Continental Race Using Only Public Transit\n\nUnaudited net profit came in at A$1.8 billion ($1.2 billion) in the three months to June 30, according to a statement Monday. 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Is There a Better Way?\nSingapore's Wooden Building of the Future Has a Mold Problem\nNew Breed of EV Promises 700 Miles per Charge (Just Add Gas)\nThere’s a Gender Split in How US College Grads Are Tackling a More Difficult Job Market\n\n©2024 Bloomberg L.P.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2460720729"}