Westpac's fiscal 2026 cash profit of AUD 7 billion was flat on fiscal 2025. Loan growth of 5% and a 1% fall in operating expenses were offset by a 7-basis-point decline in net interest margins and loan impairment expenses doubling from cyclical lows.
A higher cash rate environment benefits customer deposit-funded banks by supporting margin expansion and higher returns on equity.
Slow core earnings growth returns due to low loan growth, margin compression, subdued wealth and market income, and lower banking fee income.
Metric | WBC | CBA | ANZ |
|---|---|---|---|
Price/Earnings (Normalized) | 18.26 | 25.14 | 12.61 |
Price/Book Value | 1.79 | 3.55 | 1.69 |
Price/Sales | 5.79 | 9.35 | 5.79 |
Price/Cash Flow | 14.23 | — | — |
Metric | WBC | CBA | ANZ |
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
Metric | WBC | CBA | ANZ |
|---|---|---|---|
Return on Assets (Normalized) | 0.60% | 0.78% | 0.57% |
Return on Equity (Normalized) | 9.78% | 14.04% | 10.66% |
Return on Invested Capital (Normalized) | — | — | — |
1-Day Chart | Name | Price | Morningstar Rating for Stocks | Capital Allocation | Economic Moat | Market Cap |
|---|---|---|---|---|---|---|
| JPMorgan Chase & Co JPM | LOCK|<?%z#$X@ | LOCK|%$@ | $908B | |||
| Bank of America Corp BAC | LOCK|H!J!C@ | LOCK|>$% | $350B | |||
| HSBC Holdings PLC ADR HSBC | LOCK|#x@gx? | LOCK|@N$TH | $308B | |||
| Royal Bank of Canada RY | LOCK|sV&$hyQ | LOCK|Bz | $282B | |||
| Wells Fargo & Co WFC | LOCK|@sDTf@> | LOCK|@>h | $257B | |||
| Mitsubishi UFJ Financial Group Inc ADR MUFG | LOCK|yq&F<Wc | LOCK|?hy | $245B | |||
| The Toronto-Dominion Bank TD | LOCK|@<j#VRp | LOCK|!W | $203B | |||
| Citigroup Inc C | LOCK|s?#jlS | LOCK|Bx$ | $202B | |||
| Banco Santander SA ADR SAN | LOCK|!kZmJ^ | LOCK|d%$w | $182B | |||
| UBS Group AG Registered Shares UBS | LOCK|^S@jy# | LOCK|q$^&& | $150B |
United States