Westpac Banking Corporation (ASX: WBC)
Australia
· Delayed Price · Currency is AUD | Market Cap | 92.83B |
| Revenue (ttm) | 48.85B |
| Net Income (ttm) | 9.80B |
| Shares Out | 3.49B |
| EPS (ttm) | 2.52 |
| PE Ratio | 14.96 |
| Forward PE | 13.33 |
| Dividend | 1.62 (6.05%) |
| Ex-Dividend Date | May 9, 2024 |
| Volume | 6,242,879 |
| Open | 26.61 |
| Previous Close | 26.73 |
| Day's Range | 26.53 - 26.82 |
| 52-Week Range | 20.03 - 28.05 |
| Beta | 0.86 |
| Analysts | n/a |
| Price Target | 24.54 (-8.33%) |
| Earnings Date | May 6, 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
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
Lack of mortgage competition to hurt customers and boost Australian banks’ profits
In half-year financial results Westpac says pressure on profit margins has eased with its pullback from aggressively competing in the home loan market Follow our Australia news live blog for latest up...
Westpac's First-Half Profit Falls, Lifts Buyback
The Australian bank said its first-half net profit fell by 16%, but it would return more capital to shareholders through an increased dividend and bigger share buyback.
Westpac Profit Hits Expectations, Lifts Buyback by $661 Million
Westpac Banking Corp. increased its buyback program and handed investors a special dividend, helping to offset first-half profit that met analyst expectations as competition in mortgages weighed on th...
Westpac pays special dividend despite profit down 16pc
Westpac’s strong capital position allowed it to pay a 15¢ per share special dividend on top of its 75¢ interim payout.
Australia's Westpac net profit falls 16%, announces additional $661 million buyback
Australia's Westpac Banking Corp reported a 16% drop in its first-half net profit on Monday as margins are squeezed by intense lending competition and higher costs. It also announced an increase of A$...
Newsquawk Week Ahead: Highlights include RBA, BoE, BoJ SOO, Canada Jobs, UK GDP
Week Ahead 6th-10th May: Mon: UK Bank Holiday; EZ Final Composite & Services PMIs (Apr), Sentix (May) Producer Prices (Mar). Tue: RBA Announcement, EIA STEO; Swiss Unemployment (Apr), German Trade Bal...
RBA meeting next week - preview - Cash rate to remain unchanged
The Reserve Bank of Australia meet on May 6 and 7. They are almost unanimously (1 of the 37 economists polled expects a hike) expected to leave the cash rate unchanged at 4.35%. the statement is due a...
Australian bank Westpac extends moratorium on regional branch closures till 2027
Westpac Banking Corp has pushed back the closures of its regional branches until at least 2027 and will invest more than A$150 million over the next two years to improve services at these branches, th...
Westpac’s Yetton targets ‘right returns’ over mortgage wars
The consumer bank chief also also promises to extend a moratorium on regional branch closures until 2027.
NSW wants fintechs to be part of the country’s largest bank contract
Westpac, ANZ and Citi are incumbents, but NSW Treasury wants innovative pitches to help solve issues, such as helping get payments to victims of domestic violence who may not have access to the bankin...
Westpac cans RAMS Homes Loans sale after lack of bidder interest
There are also concerns about RAMS’ lack of a back book, or any significant funding sources.
Macquarie exits car lending to double down on mortgages
Macquarie expects 100 jobs to go as it winds down its $5bn car lending book, following Westpac out of the sector.
Mastercard's Latest Virtual Card App Move to Boost Contactless Payments; Analyst Eyes Substantial Growth Citing Advanced Security and Digital Innovations
Mastercard Inc. (NYSE: MA) launched a mobile virtual card application Thursday, changing the way virtual commercial cards integrate with digital wallets. The innovation aims to provide financial inst...
New Zealand Q1 2024 CPI expected higher q/q than in final quarter of last year - preview
New Zealand January - March quarter CPI is due at 2245 GMT, which is 1845 US Eastern time. Snippet previews: BNZ: After the March inflation partials were released on Friday, we have revised down our f...
Australian dollar extends gains despite soft confidence data
The Australian dollar is in positive territory on Tuesday. In the European session, AUD/USD is trading at 0.6620, up 0.25%. Consumer confidence sags Australian consumers have been pessimistic about th...
Australian Monthly Consumer Confidence -2.4% m/m (prior -1.8%)
April's Westpac monthly measure of consumer sentiment in Australia comes in at 82.4 prior 84.4 WPAC comment: below 100 for more than two years “Outside of the deep recession of the early 1990s, this i...