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Business

Derek Rose and Kaaren Morrissey

Banks to reveal how Iran conflict has affected earnings

Westpac ANZ NAB Iran Josh Gilbert Darren England

Wespac warns its earings have been hit by geopolitical uncertainty and a rise in market volatility. (Dean Lewins/AAP PHOTOS)

As Australian home owners stare down the barrel of more interest pain and higher inflation due to the Middle East conflict, the major banks are laying down defences.

ANZ, National Australia Bank and Westpac are due to report their interim results from Friday, and while the news is likely to be solid, less-sunny days could lie ahead.

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