Learn more

Westpac Banking Corporation (ASX:WBC) told investors that its profits had increased in the third quarter of 2024, a period that was also marked by technological innovations to enhance customer security and their banking experience. The bank registered an unaudited net profit of $1.8 billion in the third quarter, a rise of 6% on the quarterly average for the first half of the year. When the impact of notable items was excluded (specifically related to hedge accounting), this meant a 2% rise. Westpac’s net interest margin (NIM) for the third quarter was at 1.92% – an increase of 3 basis points c…

cuu