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Westpac Plans Record $2.6 Billion Share Buyback, Profit Up - Bloomberg

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Westpac Banking Corp. unveiled a record share buyback of up to A$3.5 billion ($2.6 billion) as the lender unwound pandemic provisions, despite earnings narrowly missing expectations.

Cash earnings of A$5.35 billion fell short of analyst expectations of A$5.42 billion in the year to Sept. 30. Westpac will pay a final dividend of 60 Australian cents a share, the bank said in a statement Monday.

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November 01, 2021 at 03:51AM
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Westpac Plans Record $2.6 Billion Share Buyback, Profit Up - Bloomberg
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