Australia's Westpac loses most in over four months after mortgage applications drop 20%

Westpac Banking

10/08/2026 01:42

** Shares of Australia's Westpac WBC.AX fall as much as 5.1% to A$36.010, their biggest intraday pct drop since March 30
** Stock at its lowest level since July 9
** The lender reports a 20% fall in mortgage applications following Australian government's tax changes 
** Westpac logs cash earnings of A$1.8 billion ($1.27 billion) for the quarter ended June 30, down from A$1.9 billion a year earlier
** Stock has fallen 6.1% YTD, including session moves

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))