Westpac shares slip amid profit dip, volatile outlook

Westpac shares slip amid profit dip, volatile outlook

Australia’s oldest bank was the worst performer of the big four, down more than 3 per cent.

Westpac is going backwards. Bank investors should take note

Anthony Miller says the continuity the election result brings is welcome. But his first-half results show the growth challenges for the bank and its rivals.

Banks Face Critical Earnings Test

Australia’s biggest banks face critical earnings test next week. They navigate mixed interest margin prospects in the face of looming rate cuts, persistent inflation concerns and rising mortgage stress. The results arrive after a politically-charged election set for May 3 dominated by cost-of-living anxieties. Those are reshaping banks’ mortgage books and consumer lending patterns. The Reserve Bank of Australia delivered its first interest rate …

Westpac Fined $3.25 Million For Misleading Over 24,000 Customers In Pricing Failures - FinanceFeeds

Westpac will pay a $3.25 million penalty following a High Court decision over misleading pricing representations that affected 24,621 customers. The bank admitted its conduct in civil proceedings brought by New Zealand’s Financial Markets Authority (FMA) in December 2024, acknowledging that it overcharged personal and business customers entitled to discounts under various package offers. The breaches occurred under the Financial Markets Conduct …

Why Brainchip, Helia Group, Reliance Worldwide, and Westpac shares are dropping today

The S&P/ASX 200 Index (ASX: XJO) is starting the week in the red. In afternoon trade, the benchmark index is down 0.7% to 8,179.9 points. Four ASX shares that are falling more than most today are listed below. Here's why they are dropping: Brainchip Holdings Ltd (ASX: BRN) The Brainchip share price is down a further 6% to 24 cents. Investors have been selling this struggling semiconductor company's shares since the release of its quarterly upd…