Westpac Banking Corporation (ASX:WBC)
Australia
· Delayed Price · Currency is AUD | Market Cap | 107.00B |
| Revenue (ttm) | 21.14B |
| Net Income (ttm) | 7.02B |
| Shares Out | 3.42B |
| EPS (ttm) | 2.04 |
| PE Ratio | 15.30 |
| Forward PE | 15.57 |
| Dividend | 1.52 (4.94%) |
| Ex-Dividend Date | Nov 7, 2024 |
| Volume | 3,589,164 |
| Average Volume | 5,853,244 |
| Open | 31.50 |
| Previous Close | 31.27 |
| Day's Range | 30.98 - 31.76 |
| 52-Week Range | 25.14 - 35.27 |
| Beta | 0.90 |
| RSI | 49.00 |
| Earnings Date | May 5, 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
Copper prices supported by by expectations of a tighter global supply
Westpac with the analysis. In brief: copper prices supported by by expectations of a tighter global supply U.S. copper premiums have jumped to 14% above London Metal Exchange prices, driven by the pot...
Westpac targets defence lending as banks deepen national security ties
Under pressure from the Trump administration, major economies are increasing their military spending. The big lenders can see opportunity to provide financing.
Inside Project Aries: Westpac’s secret plan for St George
The major lender has already shrunk the number of branches and closed its subsidiary’s private banking division. Now it’s considering its next steps.
Westpac Slashes Variable Home Loan Rates To 5.84% Amid Growing Competition Among Banks
Westpac's decision to compete directly with ANZ Bank is being seen as a positive move for customers.
Westpac launches internal home loan fraud probe after RAMS closure
The major lender has been conducting a deep dive of mortgages originated in-house amid concerns that borrowers are increasingly misrepresenting their finances.
Westpac poaches NAB’s CFO, adding another Goldman alumni to its ranks
Nathan Goonan is leaving National Australia Bank at the same time as long-time executive and the head of its business banking division, Rachel Slade.
ASX 200 LIVE: UBS upgrades MinRes to “buy”; sharemarket tracks Wall Street’s gains, China stimulus in focus.
Shares higher; MinRes rallies 8pc; two bidders court Smartpay, leaps 44pc; Spartan, Ramelius to merge; Westpac poaches NAB CFO; China stimulus in focus.
Australia's Westpac settles auto finance class action lawsuit for $81 million
Australia's Westpac Banking Corp has reached an A$130 million ($81.84 million) settlement on a class action lawsuit against the lender over commissions paid to auto dealers over five years, the bank s...
Russia-Ukraine war: Vladimir Putin makes surprise visit to Kursk region as Russia mulls peace deal
The Kremlin is reviewing details of the US proposed ceasefire with Ukraine; Westpac boss backs decision not to retaliate against US tariffs. Follow live updates.
ASB, TSB help fraud victims send $2m to scammers, accused money mule admits to Westpac he’s a ‘middle’ man
A scam victim who lost $1m says: “I’ve failed as a husband to protect my wife".
Westpac’s head of retail banking to depart
The exit comes after the company last year appointed his leadership rival, Anthony Miller, as its chief executive.
ASX 200 LIVE: ASX drops; Bain, CC Capital up Insignia bids; Jason Yetton, Donald Trump delays Canada, Mexico tariffs.
Shares fall; CBA drops 3pc; partial tariff delays; Star confirms rescue talks; CC Capital, Bain battle for Insignia; another exec exits Westpac; bitcoin slumps.
WAM fires up brokers for $400m IPO; Westpac legend on board
Wilson declined to comment, however broker sources told this column a deal to raise as much as $400 million is poised to launch.
S&P ratings revise Australian state Queensland rating outlook to negative
Australia news, tweet via Head of Financial Markets Strategy, Westpac, Martin Whetton: S&P cites weaker budget performance. Sheesh, if Queensland is copping it some other states (looking at you Victor...
Australian lender Westpac reports 13% rise in first-quarter profit
Australia's Westpac Banking posted a 13% rise in its first-quarter net profit on Monday, helped by growth in customer deposits and housing and business loan volumes.
Reserve Bank of Australia expected to cut its cash rate by 25bp on February 18
The Reserve Bank of Australia meet on February 17 and 18. The Statement is expected at 2.30pm local time on the 18th: Reserve Bank of Australia Governor Bullock will hold her press conference an hour ...
Reserve Bank of New Zealand (RBNZ) expected to cut reduce interest rates by 50bp on Feb 19
The Reserve Bank of New Zealand (RBNZ) meeting is on February 19. The statement is due at 2pm NZ time: 0100 GMT 2000 US Eastern time Reuters poll, in brief: The Bank is expected to reduce interest rat...
Australian dollar drifting after mixed confidence data
The Australian dollar is showing little movement on Tuesday. In the European session, AUD/USD is trading at 0.6279, up 0.05% on the day. Australian business confidence jumps, consumer confidence stagn...
Market Outlook for the Week of 10th - 14th February
Monday starts slow, with no significant economic data scheduled for the FX market. On Tuesday, Australia will release the Westpac Consumer Sentiment and NAB Business Confidence data. Fed Chair Powell ...
Goldman Sachs alumni are taking over banking
From Westpac’s Anthony Miller to Commonwealth Bank’s Andrew Hinchliff, the Wall Street giant is well represented on Australian bank executives’ CVs.
Why Westpac’s chief economist is quitting social media for 90 days
Luci Ellis is taking a break from social media, alcohol, chocolate and even swearing. Here’s why.
Westpac Bank strikes $80k settlement with Kiwi scam victims who lost $323k to investment fraud
The victims claimed Westpac failed in its duty of care by not conducting proper checks.
Major banks ready to carry Westpac’s Armaguard load
The banks and regulators met on Wednesday afternoon without the cash transit monopoly to work out how to replace Westpac’s unique cash distribution operation.
Westpac poaches from CBA for its new head of business banking
Paul Fowler, who has been leading business banking across regional Australia for the Commonwealth Bank, has defected to a big four rival.
Westpac’s Armaguard deal complicates negotiations to save banknotes
The major banks are scheduled to meet with the Lindsay Fox-owned cash transportation business in the hope of keeping the company afloat and money circulating.