Westpac Banking Corporation (NZE: WBC)
New Zealand
· Delayed Price · Currency is NZD | Market Cap | 127.67B |
| Revenue (ttm) | 22.93B |
| Net Income (ttm) | 7.62B |
| Shares Out | n/a |
| EPS (ttm) | 2.09 |
| PE Ratio | 16.77 |
| Forward PE | n/a |
| Dividend | 1.83 (4.93%) |
| Ex-Dividend Date | Nov 7, 2024 |
| Volume | 8,942 |
| Average Volume | 18,391 |
| Open | 36.99 |
| Previous Close | 37.17 |
| Day's Range | 36.77 - 37.25 |
| 52-Week Range | 25.32 - 37.79 |
| Beta | n/a |
| RSI | 60.28 |
| 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 numbers in AUD Financial StatementsNews
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.
Westpac admits to overcharging more than 24,000 customers in New Zealand
New Zealand's financial regulator on Monday said that Australian lender Westpac's local unit admitted to overcharging and misleading more than 24,000 personal and business customers by not providing a...
Westpac NZ admits overcharging customers $6.35m
Westpac's conduct affected a total of 24,621 customers.
‘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...