Westpac Profit Misses Estimates as CEO Flags Mideast Risks

Westpac Banking Corp.’s first-half profit missed expectations as Chief Executive Officer Anthony Miller flagged worries about the impact of the Middle East war on customers and the economy.

Net income rose 3% to A$3.4 billion ($2.4 billion) in the six months through March 31 from a year earlier, below the A$3.5 billion average estimate of analysts polled by Bloomberg.