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Australia's Westpac net profit falls 16%, announces additional $661 million buyback

(Reuters) -Australia's Westpac Banking Corp reported a 16% drop in its first-half net profit on Monday as intense lending competition and higher costs squeezed its margins. It also announced an increase of A$1 billion ($660.90 million) to an existing s...
Sameer Manekar Rajasik Mukherjee Lisa Shumaker Australia Westpac Banking Corp Westpac Banking Corp Visible Alpha
Source: kelo.com

Australia's Macquarie posts 32% fall in full-year profit | WSAU News/Talk 550 AM · 99.9 FM

(Reuters) - Australia's Macquarie Group posted a 32% drop in its full-year profit on Friday due to weaker performance across its commodities, global markets and asset management businesses. The financial conglomerate's profit attributable for the y...
Pooja Desai John Biju Sameer Manekar Australia Macquarie Group Macquarie Group Visible Alpha
Source: wsau.com

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Aussie lender NAB posts 13% drop in cash earnings, to buy back shares worth $979 million

By Sameer Manekar (Reuters) -National Australia Bank on Thursday posted a drop of about 13% in its first-half cash earnings as it grappled with high operating costs and cutthroat competition, but announced a share buyback program worth A$1.5 billion ($...
Poonam Behura Sameer Manekar National Australia Bank On National Australia Bank Visible Alpha Anild Silva
Source: wsau.com

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