westpac financial calendar 2020
Specifically, when excluding notable items, the bank's cash earnings were down a more mild 34%, to $5,227m; while its return on equity (ROE) came in at 7.69%. Our earnings have been significantly impacted by higher impairment charges, increased notable items and the sharp decline in economic activity. # Performance figures are after management and admin fees excl. Westpac Banking Corporation (ASX: WBC) saw its share price dip after the retail-focused Australian bank reported its FY20 financial results to the market. Unless otherwise specified, the products and services described on this website are available only in Australia from © Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714. By continuing to use this site we assume you're ok with our notice. Record date: The date on which Westpac's register of Shareholders is closed in order to determine entitlement to a dividend. Cash earnings were 64% lower primarily driven by higher impairment charges and a 26% decline in core earnings. ... Westpac financial calendar. Finally and looking at how the pandemic has impacted the bank's loan book, Westpac reported that approximately 41,000 of its mortgage accounts are currently in deferral – equal to $16.6bn worth of loans. Go long or short on thousands of international stocks with CFDs. Terms and Conditions or Product Disclosure Statement, New York ex-dividend date for final dividend, Interim results and dividend announcement, New York ex-dividend date for interim dividend, New York record date for interim dividend, Record date for first pro-rata distribution, Payment date for first pr-rata distribution, Record date for second pro-rata  distribution, Payment date for second pro-rata  distribution, Record date for quarterly interest payment, Payment date for quarterly interest payment. I am very pleased to have become the Chairman of such an important Australian company as Westpac in what has become a difficult time for us and the industry more broadly. SMS code cannot be sent due to: {{ twilioStatus }}, Looks you are already a member. View #February 2020. The bank’s Chief Executive, Peter King described the year as particularly challenging and said the bank’s financial result was a disappointing one. Read the disclosure documents for your selected product or service, including the Terms and Conditions or Product Disclosure Statement, before deciding. Registration for this event is available only to Intelligent Investor members. “We are also focused on reducing customer pain points, completing customer remediation as quickly as possible and reducing IT complexity. if applicable, the relevant Product Disclosure Statement (in respect of Australian products) or Investment Statement (in respect of New Zealand products) before making any decision to invest. Westpac Banking Corporation (NYSE: WBK), (ASX: WBC): Westpac Group CEO, Peter King, said: “2020 has been a particularly challenging year and our financial result is disappointing. Prices are indicative only. AGM. By 2:27PM the stock had pulled back somewhat, trading up to $17.91 per share. WESTPAC BANKING CORPORATION company earnings calendar and analyst expectations - Upcoming and past events | Australian Stock Exchange: WBC | Australian Stock Exchange ... Financial calendar. www.nabgroup.com. Get access to Insights, Tools & Portfolio Manager. 11 December 2019 800 Bourke Street. Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more! Consider its appropriateness to these factors before acting on it. 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To obtain advice tailored to your particular circumstances, please contact a professional financial adviser. Create an IG trading account or log in to your existing account to get started now. Our notice explains how we use cookies and how you can manage them. Core earnings were 14% lower mostly from a 24% decline in non-interest income and a 7% increase in expenses. Westpac share price: 2020 results and dividend examined, Get full exposure for a comparatively small deposit, Get greater order book visibility with direct market access, Analyse and deal seamlessly on fast, intuitive charts, See and react to breaking news in-platform. Create a Premium account, and enjoy 15 day free trial, with unlimited access to all our research & services. For an explanation of cash earnings, refer to Section 1.3.3. It will be webcast live on our website. Currency converter. Our economists expect at least half the personal tax cuts will be spent and businesses will respond to the generous depreciation allowances.”. Conditions, fees and charges apply. Indeed, Westpac was unable to evade these headwinds in 2020, reporting significantly lower profits, earnings and dividends as part of today's full-year annual report. “We have, however, continued to maintain the strength of Westpac’s balance sheet. 1 Full Year 2020 compared to Full Year 2019. For the effect of fees on your cumulative returns, please see our report How Fees Can Destroy Your Wealth. Our notice explains how we use cookies and how you can manage them. We worked hard to support customers through this time, changing our operations to remain open, diverting resources to areas of most need and providing a range of tailored support packages. We look forward to helping you build a market beating stock portfolio. IG | Sitemap | Terms and agreements | Privacy | Cookies | About IG. Financial calendar. This may not include all funds available for retail investment in Australia.

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