Westpac Banking (AU:WBC) has released an update.
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Westpac Banking has reported a solid third-quarter performance in 2024 with an unaudited net profit of $1.8 billion, marking a 6% rise from the first half of the year and a 2% increase when excluding Notable Items. The bank’s net interest margin improved slightly, and the company saw robust customer deposit and loan growth, outperforming the system with a focus on enhancing customer experience and safety, including a new online ID verification process and improved scam detection.
For further insights into AU:WBC stock, check out TipRanks’ Stock Analysis page.
