Westpac Banking Corporation (ASX: WBC)
Australia
· Delayed Price · Currency is AUD | Market Cap | 93.94B |
| Revenue (ttm) | 48.85B |
| Net Income (ttm) | 9.80B |
| Shares Out | 3.49B |
| EPS (ttm) | 2.52 |
| PE Ratio | 15.06 |
| Forward PE | 13.33 |
| Dividend | 1.62 (5.97%) |
| Ex-Dividend Date | May 9, 2024 |
| Volume | 3,189,066 |
| Open | 27.24 |
| Previous Close | 27.11 |
| Day's Range | 27.04 - 27.27 |
| 52-Week Range | 20.41 - 28.05 |
| Beta | 0.87 |
| Analysts | n/a |
| Price Target | 24.65 (-9.11%) |
| Earnings Date | Aug 19, 2024 |
About Westpac Banking
Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, and internationally. The company operates through Consumer, Business, Consumer and Business Banking, Westpac Institutional Bank, Specialist Businesses, and Westpac New Zealand segments. 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; car and equipment finance; b... [Read more]
Financial Performance
In 2023, WBC's revenue was 21.00 billion, an increase of 8.96% compared to the previous year's 19.27 billion. Earnings were 7.20 billion, an increase of 26.36%.
Financial StatementsNews
Banking Ombudsman releases recordings of complainant’s ‘private’ phone conversations to Westpac
Westpac says it hasn't listened to the recordings and will hand them back in 'good faith'.
ANZ boss says Suncorp ‘migration’ can avoid Westpac’s St George pain
Shayne Elliott insists he’s learnt from Westpac’s failure to integrate St George, while Suncorp’s Steve Johnston says he can now focus fully on insurance.
Australian dollar edges lower, CPI next
The Australian dollar is slightly lower on Tuesday. AUD/USD is trading at 0.6638 in the North American session, down 0.27% on the day. Australian consumer sentiment climbs Australia’s Westpac Consumer...
Westpac customers in Tennant Creek unable to buy food following ‘disastrous’ branch closure, critics say
Banking watchdog finds Westpac committed ‘serious and systematic’ breaches when closing remote NT branch in 2022 Follow our Australia news live blog for latest updates Get our morning and afternoon ne...
From Goldman Sachs to Westpac, Nell Hutton is climbing the ladder
Having reached the top of the Wall Street giant by her mid-40s, the career banker has big plans to turn around Westpac’s once-dominant institutional bank.
Westpac to follow CBA by dumping Hayne-era bonus caps for bankers
Westpac chief executive Peter King said he was “considering our approach to ensure we remain competitive and keep the best bankers”.
No interest rate relief predicted this year, major bank tells mortgage holders
ANZ first big bank to push prediction of Reserve Bank interest rate cut into 2025 Follow our Australia news live blog for latest updates Get our morning and afternoon news emails , free app or daily n...
Workplace dispute draws in Westpac CEO, five other senior executives
A series of senior executives have found themselves drawn into a legal dispute with the bank’s former institutional strategy boss, Julia Patterson.
Westpac chief economist and former RBA assistant governor Luci Ellis on her sliding doors moments
It is rare people can point to a single, pivotal, life-changing moment but two events, 30 years apart, have shaped her career.
Westpac tellers help elderly widow withdraw $300k cash in 34 months before death, stunned family lodges complaint
'What the hell did they think she was spending the money on?'
Westpac sues insurers over $1.3b AUSTRAC penalty
AFR Weekend understands that Westpac believes it is eligible to claim $400 million from its insurers over the AUSTRAC fine.
Crescent Capital gets into private credit business with key hire
Sinclair is well known in private equity circles, having headed up Westpac’s loan syndications and acquisition finance unit before PwC.
Westpac’s RAMS faces ASIC, APRA blowtorch
ASIC has been investigating the big four-owned group and its franchisees since at least September 2023.
Ausbil is using this underrated stock to play the AI boom
Nicholas Condoleon talks AI, explains why he is avoiding Westpac and BHP, and reveals his stock picks to capitalise on the run in gold and copper prices.
Australia: Westpac consumer confidence index (May): -0.3% to 82.2 (prior -2.4% to 82.4)
Australian consumer sentiment remains in the doldrums more to come Via Westpac, their summary points (bolding mine ... hope, and expect, the consumers are wrong on this!): Expectations gradually impro...
Market Outlook for the Week of 20 - 24 May
The week begins on a light note with a holiday in Europe due to the observance of Whit Monday, and in Canada, it's Victoria Day. In the U.S., some FOMC members are expected to deliver their remarks on...
Adamanetem rules off refi for Legend Corp
The $70 million debt facility was refinanced by existing lenders: HSBC, Westpac and Metrics Credit Partners.
Traders finger ‘pre-hedging’ in ANZ bond probe
Fixed income traders say pre-hedging is “a gray area” riddled with inherent conflicts of interest. ASIC has already targeted Westpac over the practice in swap markets.
Kiwi scam victim loses $323k to fraudsters, accuses Westpac bank of negligence, eyes legal action
The scammer had researched the victim's family and knew he had savings to invest.
Forexlive Americas FX news wrap 15 May: Green grass ahead as CPI/spending is tame
US stocks close at record highs as the market looks past inflation Westpac eyes a stronger AUD/USD US crude oil settles at $78.63 All three major US indices on pace for record closing levels Bitcoin c...
Westpac eyes a stronger AUD/USD
The Australian dollar is up nearly 1% today in a broad rally in risk trades and slump in the US dollar. Westpac highlighted AUD/USD longs as something on its radar before the US CPI data but with the ...
Westpac’s lawyers say the bank was stung by decade-long ‘Ponzi scheme’
The major lender is suing a fruit stall at Sydney’s Flemington Markets and alleges it conspired to falsify revenues and invoices to defraud it of $15 million.
Westpac CEO wants to keep super out of lending
The bank boss said comments by Apollo Capital Management should force an urgent rethink on regulatory rules for super funds.
Westpac’s business boss eyes fast-charging financing demand
Anthony Miller said “business credit growth will be as good, if not better than in the first half” after three banks talked up their business lending pipelines.
Half Year 2024 Westpac Banking Corp Earnings Call Transcript
Half Year 2024 Westpac Banking Corp Earnings Call Transcript