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Westpac share price rises after $2 billion Q1 profit – NEWS.com.au
Westpac share price rises after $2 billion Q1 profit
Westpacs cash earnings for the first quarter of the year were up 54 per cent on the back of a significant increase in home loan applications as buyers scurry to secure real estate. The bank recorded cash earnings of $1.97 billion on Wednesday, which was higher than the $808 million quarterly average recorded in its second half last financial year.
Westpac’s boss Peter King said the bank had a good start to the year with higher earnings while the economy recovers from the pandemic.
Mr King added…
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