QFN

Banks are back as dividends rebound

The bank bonanza is officially back, with profits and dividends bouncing back strongly after the COVID-19 pandemic. Westpac (ASX: WBC) showed the way with a better-than-expected half-year cash profit which was up 256% from last year’s gloom to $3.5 billion, with the dividend lifted to 58c. More importantly, Westpac chief executive Peter King also outlined […]