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Westpac Banking Corporation
3Q10 trading update The themes continue: The recurring themes that we are seeing in the bank quarterly trading updates are: Published:23 August 2010

Major Banks
Treasury and markets In the 1H10 reporting period, we estimate that ANZ’s group NIM received the greatest benefit from treasury followed by CBA ....... Published:26 July 2010

Banks build up cash buffer

AUSTRALIAN banks have pumped up their holdings of cash by a hefty $12.7 billion in recent months as fears over Europe's debt woes spread.

Published:06 July 2010

Westpac Banking Corporation
NIM bull It seems that there have been many bulls on net interest margins (NIM), not the least of which has been the company. At its 1Q10 briefing, WBC management said “the reported (net interest) margins (were) little changed from 2H09”. Unfortunately for shareholders, the NIM for 2H09 was 2.39% but it fell by 11 bps to reach 2.28% in 1H10........ Published:05 May 2010

Westpac Banking Corporation
1Q10 trading update We have upgraded our FY10 cash EPS forecast by 18%, FY11 by 5% and FY12 by 1%. This is the result of lower bad debt charge forecasts and higher NIM forecasts. Published:16 February 2010

Westpac Banking Corporation - Gail force Income growth will struggle to be significant in FY10 as a result of: Published:04 November 2009

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