Westpac Shares Flat Ahead of Consumer Update
Westpac Banking Corp last traded at A$34.81, down 42.9 cents or 1.22% on Friday. The stock won’t see action again until Tuesday with the Australian Securities Exchange closed Monday for the King’s Birthday holiday. That’s important with the bank set to host an investor event two sessions after. Westpac plans a consumer banking update Thursday at 10 a.m., led by Carolyn McCann, chief executive for consumer. Mortgages, deposits and service costs are likely to come up again after the big banks’ weak end last week.