Business
Westpac (ASX:WBC) share price lower on AGM update
The Westpac Banking Corp (ASX: WBC) share price is trading lower on the day of its annual general meeting.
At the time of writing, the banking giant’s shares are down 0.5% to $19.89.
What did Westpac say at its annual general meeting?
At the meeting the bank provided investors with a summary of its performance in FY 2020 and its targets for the future.
Speaking about FY 2020, Westpac’s Chief Executive Officer, Peter King, revealed that he was disappointed with the company’s performance.
He said: “The 2020 financial year was clearly disappointing, with reported profit down 66%. Much of the fall was due to our own issues, including the AUSTRAC penalty. COVID directly impacted us contributing to slower loan growth, lower…
-
Noosa News22 hours agoItalian Film Festival, Brisbane: All the Details
-
Noosa News17 hours agoKatter and pregnant wife crash-land plane in outback Qld
-
Noosa News17 hours agoFollowing Up Hottest 100 of Australian Songs Success with a Second Documentary About Your Life and Career: Jimmy Barnes Talks ‘Working Class Man’
-
Business23 hours ago7% lift in profits and guidance upgrade