Full Year 2019 Westpac Banking Corp Earnings Call Transcript - Thomson StreetEvents

Full Year 2019 Westpac Banking Corp Earnings Call Transcript

Full Year 2019 Westpac Banking Corp Earnings Call Transcript - Thomson StreetEvents
Full Year 2019 Westpac Banking Corp Earnings Call Transcript
Published Nov 03, 2019
Published Nov 03, 2019
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Transcript of WBC.AX earnings conference call or presentation 3-Nov-19 11:00pm GMT

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
Westpac Banking Corp
Ticker
WBC.AX
Time
11:00pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Victor German - Macquarie Research - Analyst : Victor German from Macquarie. If I just can follow up on costs and ROE. So in terms of costs, you're effectively telling us that you've got around $700 million of cost saves in the period, yet, effectively, it implies that the underlying cost growth is in the order of $800 million. There's $450 million or so explained by some of the drivers that you've highlighted. Is the rest simply inflation? And as we move into the following year, do you see a scenario where you can actually keep costs flat or reduce them? Because it sort of feels like every half, there is something extra that we find out that you need to spend on.

Question: Victor German - Macquarie Research - Analyst : Maybe just to follow up on ROE question. Brian, obviously in the past, you've talked about ROE targets that you're trying to achieve. I've noticed today, you've announced 10x or 10 times, I don't know, whatever... Brian Charles Hartzer - Westpac Banking Corporation 10x.

Table Of Contents

Westpac Banking Corp Annual Shareholders Meeting Transcript – 2020-12-10 – US$ 54.00 – Edited Transcript of WBC.AX shareholder or annual meeting 10-Dec-20 11:00pm GMT

Full Year 2020 Westpac Banking Corp Earnings Presentation Transcript – 2020-11-01 – US$ 54.00 – Edited Transcript of WBC.AX earnings conference call or presentation 1-Nov-20 11:00pm GMT

Westpac Banking Corp Q3 2020 Earnings Call Transcript – 2020-08-18 – US$ 54.00 – Edited Transcript of WBC.AX earnings conference call or presentation 18-Aug-20 10:59am GMT

Half Year 2020 Westpac Banking Corp Earnings Presentation Transcript – 2020-05-04 – US$ 54.00 – Edited Transcript of WBC.AX earnings conference call or presentation 4-May-20 12:00am GMT

Westpac Banking Corp Annual Shareholders Meeting Transcript – 2019-12-11 – US$ 54.00 – Edited Transcript of WBC.AX shareholder or annual meeting 11-Dec-19 11:00pm GMT

Half Year 2019 Westpac Banking Corp Earnings Call Transcript – 2019-05-06 – US$ 54.00 – Edited Transcript of WBC.AX earnings conference call or presentation 6-May-19 12:00am GMT

Westpac Banking Corp Resetting Wealth Strategy Call Transcript – 2019-03-19 – US$ 54.00 – Edited Transcript of WBC.AX conference call or presentation 19-Mar-19 1:00am GMT

Westpac Banking Corp Annual Shareholders Meeting Transcript – 2018-12-12 – US$ 54.00 – Edited Transcript of WBC.AX shareholder or annual meeting 12-Dec-18 2:00am GMT

Westpac Banking Corp Wealth Market Update for 2017 Transcript – 2017-03-22 – US$ 54.00 – Edited Transcript of WBC.AX conference call or presentation 22-Mar-17 11:00pm GMT

FY 2005 WESTPAC BANKING CORPORATION Earnings Presentation Transcript – 2005-11-03 – US$ 54.00 – Edited Transcript of WBC.AX earnings conference call or presentation 3-Nov-05 2:30am GMT

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MLA:
Thomson StreetEvents. "Full Year 2019 Westpac Banking Corp Earnings Call Transcript" Nov 03, 2019. Alacra Store. May 04, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Full-Year-2019-Westpac-Banking-Corp-Earnings-Call-T12803222>
  
APA:
Thomson StreetEvents. (2019). Full Year 2019 Westpac Banking Corp Earnings Call Transcript Nov 03, 2019. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Full-Year-2019-Westpac-Banking-Corp-Earnings-Call-T12803222>
  
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