westpac financial calendar 2020
Create a Premium account, and enjoy 15 day free trial, with unlimited access to all our research & services. The division recorded a cash earnings loss of $506 million compared to a profit of $712 million in Full Year 2019. Economic calendar. “We are moving back to core banking with a sharper focus on Australia and New Zealand,” he said. You now have access to Free Eureka Report Insights. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. “While this year has had its challenges, we have made important changes to the business, including introducing a new operating model, progressing the exit of several businesses, adding more than 400 people to our risk, compliance and financial crime team, and completing the appointments in my executive team. Via email or phone. Our economists expect at least half the personal tax cuts will be spent and businesses will respond to the generous depreciation allowances.”. “Modernising and simplifying our technology and using digital to create better customer experiences remains a priority. All rights reserved. At the same time, our own issues, including responding to our shortcomings in risk management – particularly in financial crime – have contributed to lower earnings.
It’s been a roller coaster year for Australia’s banking complex, as ultra-low interest rates put extreme pressure on bank net interest margins (NIMs), regulators hone in on bank dividend policies, and the coronavirus pandemic tests the strength of the Big Fours’ balance sheets. WESTPAC BANKING CORPORATION company earnings calendar and analyst expectations - Upcoming and past events | Australian Stock Exchange: WBC | Australian Stock Exchange ... Financial calendar. ProRealTime Trading. Mr King said that COVID-19 was a once in a 100-year health and economic crisis and the near-term economic outlook would remain uncertain. The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Bringing together Westpac Group’s 2020 financial, non-financial and sustainability performance Chairman's report .
Cash earnings were 64% lower primarily driven by higher impairment charges and a 26% decline in core earnings. Mortgage lending was down 2%, while deposits increased 6%. You are already registered for this event. Webcast - 2020 full year results presentation 3Q20 Capital, Funding and Asset Quality update By continuing to use this site we assume you're ok with our notice. The bank’s Chief Executive, Peter King described the year as particularly challenging and said the bank’s financial result was a disappointing one. Prices are indicative only. M. 0419 683 411, Andrew Bowden Mr King said reducing our portfolio of businesses was the driver of many of the changes. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication. Westpac Ordinary Shares (ASX code: WBC, NYSE code: WBK) Interim results : 4 May 2020: Q320 update and Pillar 3 announcement: 18 August 2020: Financial Year end : 30 September 2020 : Closing date for receipt of director nominations before Annual General Meeting: 23 October 2020: Final results and dividend announcement : 2 November 2020 Read about our approach to sustainability, including climate change and human rights, and our progress over the year. Westpac shares are listed on the securities exchanges in Australia (ASX) and New Zealand (NZX) and as American Depository Receipts in New York. Sector research. This information does not take your personal objectives, circumstances or needs into account. Westpac fully supports the range of initiatives undertaken by the Federal Government to protect Australians from both the virus and the economic fall-out. I am very pleased to have become the Chairman of such an important Australian company as Westpac in what has become a difficult time for us and the industry more broadly. DISCLOSURE: InvestSMART Group Limited employees may have an interest in the securities and managed funds displayed via this service.
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