Connect with us

Business

Here’s where brokers think the Westpac (ASX:WBC) share price will go next

Published

on

The Westpac Banking Corp (ASX: WBC) share price was a very positive performer on Monday.

The banking giant’s shares finished the day 5% higher at $26.23.

This means the Westpac share price is now up an impressive 33.5% since the turn of the year.

Why did the Westpac share price race higher?

Investors were scrambling to buy the company’s shares following the release of a strong half year result.

For the six months ended 31 March, Westpac reported first half cash earnings of $3,537 million. This was a 256% increase over the prior corresponding period and a 119% lift over the second half of FY 2020.

This strong form allowed the Westpac board to declare a fully franked interim dividend of 58 cents per share. If you annualise this,…



Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

2 small cap ASX shares that are growing quickly Sunday 16 May 2021
2 growing ASX dividend shares for income investors