Australian banking stocks eye best week in nearly 4 years after stellar earnings

Westpac Banking

13/02/2026 01:37

** Australian financial stocks .AXFJ down 1% on the day, after briefly gaining as much as 0.4% earlier, while the broader benchmark .AXJO falls 1.3%

** Sub-index, however, is on track to gain 5.3% for the week, the strongest weekly move since mid-March 2022

** Major lender Westpac on Friday hits record high after logging a higher quarterly profit

** Commonwealth Bank of Australia CBA.AX and ANZ Group ANZ.AX also reported positive results earlier in the week

** CBA logged record HY earnings on Wednesday, while ANZ quarterly profit topped estimates on Thursday

** National Australia Bank NAB.AX to report quarterly earnings next week

** YTD, AXFJ up 5.4%, outperforming a 2.5% gain on the AXJO

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))