Westpac Unveils Record $2.6 Billion Buyback as Profit Climb

The video discusses Westpac's record buyback and its impact on shareholders, highlighting the unwinding of pandemic provisions. CEO Peter King shares a mixed economic outlook, predicting strong consumer spending and a 7.4% economic expansion. The video also addresses criticisms of bank strategies and the timing of buybacks, noting Westpac's $8 billion capital buffer and a surprise dividend announcement. Comparisons are made with Commonwealth Bank's buyback, emphasizing shareholder expectations amid economic recovery.

What dividend per share did Westpac announce alongside the buyback?

What was the amount of the buyback announced by Commonwealth Bank?