Sign in

    Andrew Lyons

    Research Analyst at Goldman Sachs

    Andrew Lyons's questions to WESTPAC BANKING (WEBNF) leadership

    Andrew Lyons's questions to WESTPAC BANKING (WEBNF) leadership • Q1 2022

    Question

    Andrew Lyons from Goldman Sachs asked for commentary on the impact of the Omicron outbreak on business activity and the volume outlook for mortgages, business, and institutional banking.

    Answer

    CEO Peter Francis King reported that while branches saw operational impacts, they have since recovered. He noted that hardship calls were much lower than feared and key credit metrics like business stress and mortgage delinquencies have improved to below pre-COVID levels, indicating resilience despite the outbreak.

    Ask Fintool Equity Research AI

    Andrew Lyons's questions to WESTPAC BANKING (WEBNF) leadership • Q1 2021

    Question

    Andrew Lyons of Goldman Sachs Group Inc. inquired about the bank's dividend policy, asking if the focus might shift from consistent dividend-per-share growth to a payout ratio target, given the strong capital position.

    Answer

    CEO Peter Francis King stated that the Board will review the dividend policy at the half-year results. While he did not comment on a specific policy change, he acknowledged that the operating environment and the bank's capital position are stronger than previously anticipated.

    Ask Fintool Equity Research AI

    Andrew Lyons's questions to WESTPAC BANKING (WEBNF) leadership • Q3 2020

    Question

    Andrew Lyons inquired about the drivers behind Westpac's significant improvement in mortgage deferrals compared to peers and sought clarity on the net interest margin (NIM) outlook for the fourth quarter, considering headwinds from liquidity and tailwinds from term deposit pricing.

    Answer

    CEO Peter Francis King explained that the 40% reduction in mortgage relief packages is a positive but not definitive sign, stemming from a proactive 3-month check-in process. Acting CIO Gary Thursby added that while lower term deposit rates will support the Q4 margin, pressure from elevated liquid assets and low interest rates will persist. CEO Peter King noted that major liquidity builds are complete.

    Ask Fintool Equity Research AI