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Westpac (ASX:WBC) share price up 4%: Here’s an expert’s opinion



The Westpac Banking Corp (ASX: WBC) share price has been a particularly positive performer on Monday.

At the time of writing, the banking giant’s shares are up over 4% to a 52-week high of $26.08.

Why is the Westpac share price charging higher?

The catalyst for the strong rise in the Westpac share price on Monday has been the release of its half year results.

In case you missed it, for the six months ended 31 March, Westpac reported a statutory net profit after tax of $3,443 million and cash earnings of $3,537 million.

The latter was a 256% increase over the prior corresponding period and a 119% lift over the second half of FY 2020.

This allowed the Westpac board to declare a fully franked interim dividend of 58 cents per share,…

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