WBC

Industry report (Banks) - November 2025

Australian Banking Industry Report

WBC Analysis: Westpac FY2025 Full Year Results

Event: Westpac FY2025 Full Year Results | Date: 2025-11-03 | Source: ASX Company Announcements Westpac Delivers Mixed FY2025 Results with Profit Decline Amid Cost Pressures Westpac Banking Corporation released its full-year financial results for the period ended 30 September 2025, reporting a net profit after tax of $6.9 billion, representing a

WBC: Banking Giant - Transformation Troubles, Trough Credit Masking Reality

Westpac trades 40% above $23.71 fair value despite operational deterioration. Cost-to-income rising to 53% (vs CBA's 43%) whilst UNITE delivers zero efficiency gains. Credit at unsustainable 5bps trough. Expected returns -11.2% annually. Avoid.