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NS Westpac Banking Corp (ASX: WBC) Shares struggled on Friday, ending the session at $ 25.88 and dropping 0.46% that day.
NS S & P / ASX200 Index (ASX: XJO) also lost ground, dropping 0.80% and closing at 7,403 points.
It’s been over four months since the banks reported their six-month semi-annual results until March 31st. Today, let’s take a look at how Westpac’s stock price has changed since then.
But first, a brief review of the main results.
What kind of half-year results did the four major banks report?
Westpac’s stock price was watched by banks on May 3rd. I reported the result of that half year Before the market opens.
Some of the key indicators included $ 3.44 billion in statutory net income after income tax (NPAT). This increased by 189% from the previous corresponding period (pcp).
Bank cash revenues also jumped 256% compared to pcp to reach $ 3.54 billion.
Investors seem to be tentatively willing to receive dividend This year it was 58 cents per share, as the bank did not pay one share in 2008.
Westpac CEO Peter King said of the results:
Australia’s mortgage books have increased by $ 2.6 billion over the past six months, but the strong growth in homeownership loans has been partially offset by a decline in investor loans. Homeowner loans increased by 3%, with first homebuyers accounting for 13% of new loans. Margins also managed well, rising 6 basis points from the second half of 2020.
Westpac will announce its full-year results on November 1st.
How has Westpack’s share price changed since the report?
ASX investors seem to like what they see in the six months of results. Westpac’s share price rose 5% on the reporting date.
Since the report, Westpack’s share price has risen 3.6%. By comparison, the ASX 200 is up 5.3% over the same time.
How has Westpac’s (ASX: WBC) share price changed since reporting the results?
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