Australia's Westpac hits record high on profit beat, upbeat credit demand outlook

Westpac Banking

12/02/2026 23:51

** Shares of Westpac Banking Corp WBC.AX rise as much as 2.8% to a record high of A$42.130

** Stock trading 0.6% higher at A$41.260 as of 2335 GMT

** WBC, Australia's third-largest bank by market value, gains for the third consecutive session

** Reports 1Q26 profit ahead of estimates

** Predicts demand for both business and household credit to remain resilient

** WBC up 6.6% this year, including the day's move, vs a 2.9% increase in the ASX 200 benchmark index .AXJO

(Reporting by Sameer Manekar in Bengaluru)

((Sameer.Manekar@thomsonreuters.com;))