Westpac Banking Corporation (ASX:WBC)
Australia
· Delayed Price · Currency is AUD | Market Cap | 106.34B |
| Revenue (ttm) | 21.14B |
| Net Income (ttm) | 7.02B |
| Shares Out | 3.43B |
| EPS (ttm) | 2.04 |
| PE Ratio | 15.18 |
| Forward PE | 15.02 |
| Dividend | 1.52 (4.87%) |
| Ex-Dividend Date | Nov 7, 2024 |
| Volume | 7,882,558 |
| Average Volume | 4,947,084 |
| Open | 31.54 |
| Previous Close | 31.22 |
| Day's Range | 30.91 - 31.58 |
| 52-Week Range | 25.14 - 35.27 |
| Beta | 0.89 |
| RSI | 29.66 |
| Earnings Date | Feb 17, 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
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.
Australian Q4 PPI +0.8% q/q (expected +1.0%)
Some further encouraging inflation (admittedly at the producer level, not consumer) data for the Reserve Bank of Australia. Australia PPI (Q4) ++0.8% q/q expected +1.0%, prior +0.9% For the y/y +3.7% ...
Reserve Bank of Australia to cut interest rates say ANZ, Commonwealth Bank and Westpac
Reserve Bank of Australia interest rate forecast following the inflation data yesterday: ForexLive Asia-Pacific FX news wrap: AUD dropped after CPI inflation data ANZ is projectiing a 25 basis point r...
ASX 200 LIVE: Australian shares rise; NAB joins CBA, Westpac, ANZ in Feb rate cut bet; Lovisa staff sue and allege underpayments
Shares lift; NAB calls February rate cut; 63pc earnings fall for Nickel Industries mine; Gerald Stack exits Magellan; Class action hits Lovisa over pay.
Westpac changes its forecast to a February Reserve Bank of Australia interest rate cut
Westpac now expects the Reserve Bank of Australia (RBA) to begin cutting interest rates in February, following a softer-than-anticipated Q4 2024 inflation report. The bank argues that while monetary p...
Westpac cleared of fault after tellers help Wairarapa pensioner withdraw $300,000 cash in 34 months before death
It’s alleged that staff once gave $23,000 stuffed into an envelope to the woman.
ForexLive Asia-Pacific FX news wrap: China Q4 & December economic data show solid gains
European Central Bank speakers Friday include Escriva and Cipollone China's population fell in 2024 for the third straight year China National Bureau of Statistics (NBS) says domestic demand is insuff...
Westpac on the Australia dollar: "The exchange rate and the big pivot"
An extended note from Luci Ellis, Chief Economist Westpac Group, Westpac. In brief: A depreciating exchange rate sometimes gets interpreted as a ‘vote of no confidence’ in that economy or currency. In...
U.S. Dollar Index at 110 could trigger euro parity: Westpac
Richard Franulovich of Westpac Institutional Bank believes the euro still has some room to breathe before it hits parity with the U.S. dollar, amid multiple fiscal uncertainties in Germany and France.
Westpac cuts six-month home loan rate to 5.99%
One of New Zealand's major banks has moved early to cut home loan rates.
AUD/USD steady as consumer sentiment slips lower
The Australian dollar is showing little movement on Tuesday. In the European session, AUD/USD is trading at 0.6174, down 0.06% at the time of writing. Australian consumer sentiment declines for second...
BoQ’s business banking boss quits in blow to turnaround efforts
Chris Screen had worked at National Australia Bank and Westpac before joining the Queensland lender in 2019. The bank hoped to focus on his division this year.
Japanese Banks Post Efficiency Gains As Interest Rate Hikes Boost Profits
Major Japanese banks logged gains in efficiency measured by their cost-to-income ratios over the 12 months ended Sept. 30, helped by improved profits.
Troubled RAMS trips to $18.6m loss
Westpac had earlier in the year failed to find a buyer for the business, which is involved in two court cases alleging fraud.