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



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,…

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