Westpac profit up as ASX holds onto slight gain | ABC News

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  • ABC News (Australia) published this video item, entitled “Westpac profit up as ASX holds onto slight gain | ABC News” – below is their description.

    Shares in Westpac closed 5 per cent higher, outperforming the rest of the major banks and the broader market.

    The share market had a mixed finish, with the ASX 200 ending just 3 points higher at 7,028, while the All Ordinaries index lost 0.1 per cent.

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    In This Story: Westpac

    Westpac Banking Corporation (ASX: WBC), known simply as Westpac, is an Australian bank and financial services provider headquartered in Sydney, Australia. Established in 1817 as the Bank of New South Wales, it acquired the Commercial Bank of Australia in 1982 before being renamed shortly afterwards.

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