Westpac Banking Corporation (ASX:WBC)
Australia
· Delayed Price · Currency is AUD | Market Cap | 114.41B |
| Revenue (ttm) | 10.62B |
| Net Income (ttm) | 3.51B |
| Shares Out | 3.42B |
| EPS (ttm) | n/a |
| PE Ratio | 32.59 |
| Forward PE | 16.64 |
| Dividend | 1.52 (4.54%) |
| Ex-Dividend Date | Nov 7, 2024 |
| Volume | 4,187,458 |
| Average Volume | 5,255,737 |
| Open | 32.75 |
| Previous Close | 33.45 |
| Day's Range | 32.19 - 32.96 |
| 52-Week Range | 25.76 - 35.27 |
| Beta | 0.69 |
| RSI | 57.95 |
| 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
Westpac's Profit Misses Expectations Amid Narrowing Loan Margins
Westpac's Profit Misses Expectations Amid Narrowing Loan Margins
Westpac CEO welcome PM’s win, but his bank is going backwards
Anthony Miller says the continuity the election result brings is welcome. But his first-half results show the growth challenges for the bank and its rivals.
Westpac half-year earnings dip on rising costs, margin pressure
Westpac reported a slide in interim net profit to $3.3 billion, undershooting market expectations, with costs driven higher by the bank’s systems overhaul program.
ASX 200 LIVE: Trump planning 100pc tariff on international films; WBC reveals profit miss; OPEC+ sends Brent oil price tumbling; sharemarket slips.
Shares fall; Westpac’s profit miss; US film industry ‘dying’, Trump says; Brent sinks 3pc, OPEC+ to ramp up output; Gold Road rallies, agrees to $3.7b takeover.
Australia's Westpac first-half profit falls 1%
Australia's Westpac Banking Corp recorded a marginal 1% drop in its first-half net profit on Monday, as a rise in operating costs due to technology investments offset growth in total loans.
Westpac fined $3.25m for misleading customers
Bank's 'systems were insufficient', says Judge.
Australia's banks face critical earnings test amid economic, political crosscurrents
Australia's biggest banks face a pivotal earnings test next week as they navigate mixed interest margin prospects in the face of looming rate cuts, persistent inflation concerns and rising mortgage st...
Infostealer Malware Hits Australian Banks: Staff Credentials Stolen In Major Cyber Threat
The revelations follow earlier reports this week that more than 31,000 customer banking passwords from the Big Four banks -- ANZ, CommBank, NAB, and Westpac -- had also been stolen using similar malwa...
Australia's Westpac flags $89.4 million hedging hit to half-year profit
Australia's Westpac Banking Corp said on Wednesday net profit after tax for the first half of 2025 would be reduced by A$140 million ($89.35 million) due to hedging.
31,000 Australian Banking Credentials Circulate On Telegram And Dark Web: How To Protect Your Data
Cyber intelligence firm Dvuln uncovered the breach, revealing that the credentials include passwords from at least 14,000 Commbank customers, 7,000 ANZ users, 5,000 NAB clients, and 4,000 from Westpac...
Political scrutiny of mortgage rates to pressure bank margins
Ahead of interim earnings at Westpac, NAB and ANZ next week, analysts are questioning whether bank stocks can remain safe-haven assets.
"Lock it in: RBA to cut 25bps in May" - Westpac forecast for the Reserve Bank of Australia
The Reserve Bank of Australia next meet on May 19- 20 In summary from Australian 'big four' bank Westpac, bolding is mine: Lock it in, no need to wait for the CPI: RBA Monetary Policy Board expected t...
Westpac and CBA face green ire over $500m loan to salmon farmers
High-profile environmentalists Richard Flanagan and Geoff Cousins say the major lenders are being misleading by describing the financing as “sustainable”.
Westpac’s $50,000 call centre clash lands bank in PR nightmare
The lending giant thought it had detected a scam. But a customer is adamant he was denied access to his money with no explanation. And he’s gone public.
Westpac says loan fraud whistleblower got bigger bonus, not cast out
The bank’s former head of risk and treasury audit says she was victimised after raising concerns two years ago that some mortgage brokers were faking documents.
CBA and Westpac mull removing numbers from their credit cards
Australia is expected to be the first major market to embrace numberless credit cards in the next two years, according to Mastercard.
Market Outlook for the Week 7th-11th April
It’s expected to be a quiet week ahead, as is usually the case following the NFP report. On Tuesday, Australia will release the Westpac consumer confidence and NAB business confidence data. On Wednesd...
Economic calendar in Asia Tuesday, April 1, 2025 - RBA decision & China manufacturing PMI
The Reserve Bank of Australia is expected to leave its cash rate on hold today: CBA expects RBA on hold this week, with a more dovish tone Poll shows expectations are for the Reserve Bank of Australia...
Labor bets $15m on using quantum technology to fight cyberattacks
The government’s National Reconstruction Fund is the lead investor in a funding round for Canberra-based QuintessenceLabs, which is also backed by Westpac.
CBA expects RBA on hold this week, with a more dovish tone
Commonwealth Bank of Australia expects the Reserve Bank to keep the official cash rate unchanged at 4.10% in April, with policymakers likely to strike a more dovish tone as they await the March quarte...
Westpac plots $3b technology overhaul to slash long-term costs
The bank’s new chief executive, Anthony Miller, outlined plans to shrink the number of systems to cut expenses described by analysts as unsustainable.
Poll shows expectations are for the Reserve Bank of Australia to stay on hold next week
The latest poll on the Reserve Bank of Australia from Reuters, in brief: RBA to hold steady in April: All 39 economists surveyed by Reuters expect the Reserve Bank of Australia to keep the cash rate a...
ForexLive Asia-Pacific FX news wrap: Trump announces 25% tariffs on imported autos
Daiwa cuts Tesla price target to $300, citing margin pressure and demand concerns Japan warns of “significant impact” from new U.S. tariffs European Central Bank's Buch, de Guindos, Escrivsa, Schnabel...
Westpac bank under fire over $2m fraud, Auckland money launderer Carel Viljoen on leave from Beca
Carel Viljoen laundered nearly $2 million in an investment scam.
Budget lunch gets a poor corporate turnout
Westpac’s Anthony Miller was the filling in a power sandwich, but CEOs were thin on the ground at the budget wash-up lunch.