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Westpac Banking ( (AU:WBC) ) has issued an announcement.
Westpac’s first quarter update for 2025 highlights a solid financial performance with an unaudited net profit of $1.7 billion. Despite the impact of Notable Items related to hedge accounting, net profit excluding these items increased by 3% to $1.9 billion. The company also reported a positive operating momentum with significant growth in customer deposits and loans. Westpac is actively enhancing its customer service by expanding its workforce, introducing digital financial tools, launching new account options, and strengthening fraud protection. These efforts aim to improve customer experience and safety, positioning the company strongly in the market.
More about Westpac Banking
Westpac Banking Corporation is a major financial institution in Australia, primarily providing banking services such as personal, business, and institutional banking. The company focuses on offering a wide range of financial services including loans, deposits, and financial management tools to its customers across Australia.
YTD Price Performance: 7.38%
Average Trading Volume: 2,811
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $75.57B
See more data about WBC stock on TipRanks’ Stock Analysis page.
