Westpac Banking Corporation (ASX: WBC)
Australia
· Delayed Price · Currency is AUD | Market Cap | 108.75B |
| Revenue (ttm) | 21.05B |
| Net Income (ttm) | 6.99B |
| Shares Out | 3.43B |
| EPS (ttm) | 1.92 |
| PE Ratio | 16.52 |
| Forward PE | 15.63 |
| Dividend | 1.52 (4.80%) |
| Ex-Dividend Date | Nov 7, 2024 |
| Volume | 14,122,384 |
| Open | 31.77 |
| Previous Close | 32.05 |
| Day's Range | 31.47 - 31.83 |
| 52-Week Range | 22.52 - 34.00 |
| Beta | 0.88 |
| Analysts | n/a |
| Price Target | n/a |
| 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
‘Profit vaporised by time’: Westpac boss backs council reform to fix housing
Anthony Miller has thrown his weight behind the NSW government’s ambitious push to bypass local councils and reform planning laws.
Suburban pub grub suits Westpac’s incoming CEO
Living in Sydney’s inner west makes Anthony Miller an outlier among big bank chiefs. The former investment banker is determined to make his firm stand out, too.
Gold will contend with higher yields and shallower rate cuts in 2025, spot price to average $2,700/oz – Westpac
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Australian dollar slips on soft consumer confidence
The Australian dollar is down sharply on Tuesday. In the North American session, AUD/USD is trading at 0.6337, down 0.52% at the time of writing. Consumer confidence slides Australia’s Westpac consume...
Westpac CFO retires, giving Miller chance to reshape leadership
Michael Rowland said he would leave next year, taking to three the number of senior positions to be filled by the bank’s new chief executive.
ASX 200 LIVE: Shares waver; Westpac CFO Michael Rowland to retire; bitcoin surges to record high; Karoon Energy shares fall
Shares advance after slipping; Data3, Karoon weigh on ASX. Another Star Entertainment departure. Oil slips and gold holds steady. Follow updates here.
Calls grow for Westpac to reveal energy transition plan thinking
Australian Ethical and Market Forces have put forward a resolution for a second year seeking more detail on the bank’s assessment of borrowers’ transition plans.
Huge improvement in the Australian jobs data may be a 'head fake'
The data is here from earlier - a stunning drop in the unemployment rate: Australia November unemployment rate 3.9% (vs. 4.2% expected)... did a double take on that Westpac are wary of the result. Ana...
Australian Banks Rely On Capital To Offset Margin Pressures, Profit Declines
The country's four major lenders reported a decline in their net profits for the fiscal year ended Sept. 30. Australian banks have faced higher operating costs and tougher competition in the mortgage ...
Westpac expect another Reserve Bank of New Zealand 50bp interest rate cut in February
The RBNZ cut the OCR by 50bps to 4.25% today: RBNZ Gov Orr says tariffs would put up pressure on price levels globally RBNZ Gov says it's a misunderstanding that RBNZ projections show slower pace of r...
Australian CPI due at the bottom of the hour - what to expect and why its not official
Snippet preview via Commonwealth Bank of Australia: We anticipate headline CPI inflation remained at 2.1%/yr in October. While a soft monthly outcome a year ago makes it hard for the annual rate to re...
ForexLive Asia-Pacific FX news wrap: Gold, BTC up
Federal Reserve Board Governor Michelle Bowman speaking Friday Just over half of economists surveyed expect the Bank of Japan to hike rates in December European Central Bank President Lagarde, plus Na...
RBA first cut forecasts from Australia's 4 biggest banks
Westpac revised their first cut forecast to May from February: Westpac revise its RBA forecast - see later but faster interest rate cuts Of Australia's four biggest banks, National Australia Bank (NAB...
Macquarie, Westpac and CBA big losers from $350m rural bank levy
Confidential details shared with industry participants show the size of the cost to the biggest lenders as Treasury attempts to keep regional branches open.
Incoming Westpac boss Miller poaches Wild from BHP
Anthony Miller has made his first move at the nation’s second-largest bank, recruiting his head of sustainability Fiona Wild from BHP.
Ex-Westpac treasurer named to Imperium Markets advisory board
The new board will be headed up by Imperium chairman Rod Lewis, former Westpac treasurer Curt Zuber and former MBIA UK chairman and chief executive Chris Weeks.
Woolworths, Westpac funds back controversial $500m anti-crime start-up
Auror’s use of AI technology to help retailers track criminals led to an Information Commissioner investigation, but investors aren’t worried.
Two Westpac directors leave after just three years on coveted board
The resignations add to a significant transition for the bank, with a new chairman appointed last year and a fresh chief executive starting next month.
New Zealand employment report recap - nothing to shift the RBNZ's view
The data is here: New Zealand Q3 unemployment rate 4.8% (expected 5.0%, prior 4.6%) Westpac have a handy summary up, we don’t think that there’s anything in today’s figures that would shift the RBNZ’s...
Full Year 2024 Westpac Banking Corp Earnings Presentation Transcript
Full Year 2024 Westpac Banking Corp Earnings Presentation Transcript
Westpac Banking Corporation (WEBNF) Q4 2024 Earnings Call Transcript
Westpac’s departing King sees two pain points for Australia
Peter King leaves having steered Westpac through an impressive turnaround. But he sees two problems Australia needs to solve.
Incoming Westpac boss Anthony Miller takes on bank’s tech rescue
A $3 billion-plus technology project known as Unite will become a key plank of the new Westpac boss’ agenda when he takes the reins next month.
Westpac CEO’s final profit a reminder how much banking has changed
Peter King’s final result as Westpac CEO was pitched around one word: discipline.
MinRes boss to leave; AFP search PwC’s HQ; Westpac’s CEO in $7b exit
Read everything that’s happened in the news so far today.