ASX:WBCBanks
Did Q1 Profit Lift and Tech Push Just Shift Westpac Banking's (ASX:WBC) Investment Narrative?
Westpac Banking Corporation has reported first-quarter FY26 unaudited statutory net profit of A$1.90 billion, with revenue rising as higher net interest income offset softer non-interest income, alongside growth in lending and deposits.
The bank also highlighted progress in its technology agenda, including company-wide AI training and new digital platforms, which management links to better customer service, productivity and operational resilience.
We’ll now examine how Westpac’s profit...