Westpac Reports Steady Q3 Profits Amid Rate Hikes

Westpac's Stable Q3 Profits and Capital Earnings

Australia's Westpac Banking Corp has reported steady profits for the third quarter, benefiting significantly from higher capital earnings. Westpac's net profit for this period was largely consistent with the previous year, highlighting resilience in a challenging economic environment. The bank's ability to generate increased earnings from capital and hedged deposits has been a key factor in maintaining its profitability.