Westpac has put on 33.2% this year, and like its peers that have reported last week, needs to come out with good numbers today if it is to justify the...

Chris Weston

Pepperstone

Westpac has put on 33.2% this year, and like its peers that have reported last week, needs to come out with good numbers today if it is to justify the valuation premium it currently holds. Cash earnings for the bank are expected to print $7.05 billion, which is a strong gain from the $6.598 billion it recorded in FY2012. The dividend should rise to 88c from 84c in the previous corresponding period, while some will be disappointed if the bank doesn't announce a special dividend. Look out of net interest margins are expected to actually gain one basis point to 2.18%.


Chris Weston
Head of Research
Pepperstone

Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...

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