Westpac Banking Corporation (ASX:WBC)
Australia · Delayed Price · Currency is AUD | Market Cap | 131.74B |
| Revenue (ttm) | 21.67B |
| Net Income (ttm) | 7.06B |
| Shares Out | 3.42B |
| EPS (ttm) | 2.07 |
| PE Ratio | 18.66 |
| Forward PE | 18.69 |
| Dividend | 1.52 (3.97%) |
| Ex-Dividend Date | May 8, 2025 |
| Volume | 2,925,455 |
| Average Volume | 5,348,556 |
| Open | 38.20 |
| Previous Close | 38.25 |
| Day's Range | 38.16 - 38.88 |
| 52-Week Range | 28.44 - 39.28 |
| Beta | 0.71 |
| RSI | 67.59 |
| Earnings Date | Aug 14, 2025 |
About Westpac Banking
Westpac Banking Corporation provides banking and other financial services in Australia, New Zealand, the Pacific Islands, Asia, the Americas, and Europe. The company operates through four segments: Consumer, Business & Wealth, Westpac Institutional Bank, and Westpac New Zealand. It offers savings, term deposit, business transaction, not-for-profit transaction, foreign currency, farm management deposit, project and retention trust, and statutory trust accounts; home, personal, business, and commercial loans; vehicle and equipment finance; busine... [Read more]
Financial Performance
In 2024, Westpac Banking's revenue was 21.05 billion, an increase of 0.26% compared to the previous year's 21.00 billion. Earnings were 6.99 billion, a decrease of -2.85%.
Financial StatementsNews
Australia's Westpac to hire 350 more bankers to win business lending market share
Australia's Westpac Banking Corp aims to hire 350 bankers in the next two years to help gain business banking market share and close the gap on its major rivals, it said on Tuesday.
Westpac hits back at CBA in business lending rivalry
Ahead of a strategy briefing on Tuesday, the new head of business banking at Westpac, Paul Fowler, says he plans to deploy a few lessons from his time at CBA.
Westpac executives warn employees they’re gagged
A leaked email to the bank’s staff said they were forbidden from speaking to journalists. It landed a fortnight after some did about the CEO’s work habits.
NAB hires Inder Singh as new CFO and head of strategy
Inder Singh will become NAB’s chief financial officer from next March, replacing Nathan Goonan, who left to join Westpac.
ANZ, Westpac, Kiwibank drop home loan lending rates after Reserve Bank cash rate cut
The Reserve Bank today cut the Official Cash Rate from 3.25% to 3%, suggested more on way.
Qantas’ hefty fine shows the tide is turning and workers are pushing back against bad corporate behaviour | John Quiggin
Australia has a long way to go to restoring balance of power in the workplace, but Qantas’ record fine is a good first step The $90m fine imposed on Qantas for illegally sacking 1,820 workers in 2020 ...
CBA business bank boss attacks NAB, Westpac for ‘unsustainable’ rates
Mike Vacy-Lyle says he will not play market-share games with rivals but suggests the two banks have slashed pricing to boost lending performance stats.
Employment rises; Ampol’s $1b buy; Westpac surges
Read everything that’s happened in the news so far today.
Bah humbug? Surge in Westpac profit and share price comes with caution
After spending the week embroiled in a national conversation about working on Christmas Day, Anthony Miller has given investors some good numbers to chew on.
Westpac’s profit jumps, but mortgage brokers eat its home loan lunch
The bank told investors that home lending had risen $11 billion over the year, but brokers were an increasingly dominant source of business.
Australia's Westpac posts more than 5% rise in third-quarter profit
Australia's Westpac Banking Corp posted a more than 5% rise in third-quarter profit on Thursday, reflecting higher margins as well as a slight rise in lending and deposits.
ASX 200 LIVE: ASX hits record; Origin soars 7pc on LNG boom; Westpac rockets
Fall in unemployment meets consensus expectations; Origin Energy says LNG offsets retail pressures; Westpac 3Q profit $1.9 billion; Commonwealth Bank losses extend; Suncorp result soars. Follow live.
Rio Tinto CEO says tough workplace cultures are toxic
As Westpac and AT&T embrace more aggressive workplace cultures, Jakob Stausholm says workers excel when made to feel psychologically safe.
Australia’s borrowers may have to wait weeks for Reserve Bank’s rate cut to reduce their mortgage
NAB said it would wait 13 days to pass on the 0.25% cut to borrowers, while Westpac announced it would wait 14 days Get our breaking news email , free app or daily news podcast Mortgage rates will sli...
Inside the rise and rise of Westpac’s polarising new retail bank boss
Carolyn McCann is either the hardest worker in lending and just gets things done, or a ruthless executive to be avoided. It just depends on who you ask.
Commonwealth Bank of Australia, Westpac cut home loan rates after RBA move
Commonwealth Bank of Australia , the country's largest lender, and Westpac Banking Corp , the third-biggest, cut their standard variable home loan rates by 25 basis points on Tuesday following the Res...
Westpac taps Carolyn McCann as permanent retail banking chief
The move is a key appointment for chief executive Anthony Miller, and caps a meteoric rise for the executive who ran customer operations and corporate affairs.
WFH plan to go to summit; Westpac CEO warns it could split the office
A big four bank boss overseeing a major cultural overhaul focused on greater productivity has warned against the Victorian government’s flexible working laws.
Banks’ new brooms signal cultural shift in corporate Australia
The conversations at Westpac and ANZ about boosting productivity could become an increasingly common part of the new culture in corporate Australia.
Westpac chief tears up playbook as he attempts major workplace reset
Anthony Miller is joining ANZ chief executive Nuno Matos in reversing the cautious approach at the country’s big banks in the years since the royal commission.
It’s time to adjust income tax for inflation, says David Morgan
As Treasury warns workers will shoulder a rising burden, the former Westpac chief executive argues brackets should be indexed, as they were 50 years ago.
How Westpac hit CBA for six in Cricket Australia sponsor deal
Commonwealth Bank held the rights to sponsor Cricket Australia for four decades – then Westpac CEO Anthony Miller stole it from under their nose.
Mental health ‘one of the biggest challenges we face’: Westpac CEO
Anthony Miller has backed the concerns of businessman Ryan Stokes over the rise in mental health claims, but says more can be done before changing legislation.
McKinsey’s productivity north star meets pragmatism of Westpac, Stokes
The corporate sector is moving beyond endlessly defining the problem and starting to stitch together a starting point for Australia’s big productivity fix.
Westpac, ANZ and Bendigo Bank to refund $60 million in unfair fees
ASIC investigated four banks for charging vulnerable customers unfair fees. Three banks are repaying them $60 million, but one major lender is holding out.