Australia's Westpac falls to near four-month low as half-year profit misses estimates

Westpac Banking

05/05/2026 01:35

** Shares of Westpac Banking Corp WBC.AX fall as much as 2.2% to A$37., hitting their lowest level since January 8

** Stock marks its weakest intraday trading session since April 14

** The bank reported first-half net profit attributable of A$3.41 billion ($2.44 billion), missing Visible Alpha consensus of A$3.47 billion

** Company warned the Middle East conflict was pressuring customers through higher energy prices

** NIM for H1 slipped 3 basis points to 1.89%

** Company declared an interim dividend of 77 Australian cents per share

($1 = 1.3955 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)

 ((shivangi.lahiri@thomsonreuters.com))