Investor snapshot 7 May 18: Westpac’s first-half profit beats expectations

Shares in Westpac Bank (WBC) are climbing on Monday after the lender posted a 6 %  lift in 1H cash profit to $4.25bn - ahead of market consensus. The result was partly driven by better than expected revenue, growth in lending, better margins and low Bad and Doubtful debts.

 

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