Westpac shares slide 6% to $35.70 after Q3 update
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Westpac shares fell 6% despite steady net interest margin (1.89%) and a 2% lift in underlying net profit, as investors focused on slowing mortgage demand. Average monthly applications dropped from ~29k to ~26k and Westpac expects Australian housing credit growth to decelerate (6.8% in FY26 to 4.7% in FY27). While delinquencies remain low, softer lending momentum and tighter downside scenarios weigh on Australian bank risk sentiment.
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NCFXAUD2USD/USDT+0.06%
AI تجزیاتی سمجھ · NCFXAUD2USD/USDTAI تجزیاتی سمجھ
▼ Bearish
ابھی ٹریڈ کریں
⚠️ AI سے تیار کردہ تجزیاتی سمجھ خبروں کے مواد پر مبنی ہے اور صرف معلوماتی مقاصد کے لیے فراہم کی گئی ہے۔ یہ سرمایہ کاری کا مشورہ نہیں ہے اور نہ ہی BingX کے خیالات کی نمائندگی کرتی ہے۔ سرمایہ کاری میں رسک شامل ہے۔ براہ کرم ذمہ داری سے ٹریڈ کریں۔
Westpac shares fell 6% on Monday to 35.70 Australian dollars after a third-quarter update showed net profit excluding one-off items of A$1.8 billion, up 2% from the prior half’s quarterly average, while net interest margin was steady at 1.89%. The bank’s average monthly mortgage applications eased from about 29,000 to roughly 26,000, suggesting softer momentum in a business dominated by home lending. Westpac expects Australian housing credit growth to slow from 6.8% in FY26 to 4.7% in FY27. Mortgage 90-day delinquencies were 0.58% and 85% of balances were ahead on repayments when offset accounts were included.
