Why is the Westpac share price falling for a fourth consecutive day?

A man holds his hand under his chin as he concentrates on his laptop screen and reads about the ANZ share price

Image source: Getty Images

The Westpac Banking Corp (ASX: WBC) share price is tumbling on Thursday, down 4.12% to $30.48 at the time of writing.

Westpac is significantly underperforming its ASX 200 bank share peers and the broader market today.

The S&P/ASX 200 Index (ASX: XJO) is currently up 0.026%.

Here’s how the other major ASX 200 bank shares are performing today:

  • National Australia Bank Limited (ASX: NAB) shares are up 0.98% to $36.22
  • The Macquarie Group Ltd (ASX: MQG) shares are down 0.5% to $196.73
  • Commonwealth Bank of Australia (ASX: CBA) shares are down 0.61% to $164.94
  • Australia and New Zealand Banking Group Limited (ASX: ANZ) shares are down 2.89% to $29.12

NAB shares are in the green amid the bank releasing its

Source link