Westpac Banking Corporation (NZE: WBC)
New Zealand
· Delayed Price · Currency is NZD | Market Cap | 121.17B |
| Revenue (ttm) | 22.70B |
| Net Income (ttm) | 7.38B |
| Shares Out | n/a |
| EPS (ttm) | 2.13 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | May 9, 2024 |
| Volume | 154 |
| Open | 35.51 |
| Previous Close | 35.50 |
| Day's Range | 35.51 - 35.51 |
| 52-Week Range | 22.20 - 36.99 |
| Beta | n/a |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Nov 3, 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, Westpac Banking'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 numbers in AUD Financial StatementsNews
Westpac warns KiwiSaver members of losses from sticking with conservative funds post-Covid
Conservative KiwiSaver funds have returned an average 4.1% a year over 10 years.
3 forecasts for the first RBA rate cut: December '24, February, May '25
The Reserve Bank of Australia will announce its latest decision today at 2.30 pm Sydney time 0430 GMT 0030 US Eastern time Expectations are unanimous for 'on hold': Reserve Bank of Australia meeting t...
RBA meting next week - preview - to leave the cash rate on hold at 4.35%
Reuters poll of economists on what they expect from the Reserve Bank of Australia meeting on September 24: all 45 surveyed expect the cash rate to remain at 4.35% 40 expect that rate to persist throug...
Bank merger killed as RAMS fallout spreads
P&N Bank canned its merger with Beyond Bank days after the Financial Review revealed the latter’s CEO was stood down at Westpac during its RAMS probe.
Westpac shunted RAMS boss before he took Beyond job
Westpac stood down RAMS boss Jake Bromwich, now the CEO of Beyond Bank, and moved him into a different role as it investigated a whistleblower’s claims.
AUD/USD shrugs after weak confidence data
The Australian dollar continues to have a quiet week. AUD/USD is trading at 0.6671 in the European session, up 0.17% today at the time of writing. With the Australian economy sputtering, it should com...
Market Outlook for the Week of 9th - 13th September
It's a quiet day on Monday in terms of scheduled economic events, which is typical for the week following the release of the U.S. NFP data. On Tuesday, attention will shift to Australia with the relea...
Westpac Promotes Anthony Miller as New CEO, Succeeding Peter King who Retires
Westpac has appointed Anthony Miller, the current head of its business and wealth division, as its next Chief Executive and Managing Director. Miller will officially take over on December 16, followin...
How Westpac’s new boss learnt to swim
As the brother of two Olympians, Anthony Miller has squared the family ledger by winning the Westpac CEO race.
Contactless payments take the more expensive route
Readers’ letters on card payment fees; poor Westpac culture; engineering limits; Bill Shorten’s exit; Labor and productivity; and cartoonist David Rowe.
ASX slumps; Westpac gets new CEO; Boomers drive luxe apartment demand
Read everything that’s happened in the news so far today.
Westpac promotes business bank boss Anthony Miller to chief executive
The former Deutsche Bank investment banker, who joined in 2020 and was promoted to run the business bank last year, will succeed Peter King in December.
Westpac appoints Anthony Miller as new chief executive officer
Westpac has appointed Anthony Miller as chief executive officer and managing director, the Australian bank said on Monday.
ASX 200 LIVE: ASX to drop, $A slides as US outlook worries rise
Recession fears resurge after US data. CEO Peter King to depart Westpac in December. Nasdaq sinks more than 2 per cent. Follow here for more.
Westpac allegedly bullied ‘troublemaker’ staff who raised RAMS fraud
The bank’s head of audit and risk also alleges that executives sidelined her. The prudential and corporate regulators are investigating.
Banking Ombudsman investigating after Westpac tellers help elderly widow withdraw $300k cash in 34 months before death
It's alleged staff stuffed $23k into an envelope and handed it to the 89-year-old widow.
Westpac cuts home loan rates as highly competitive market continues
Westpac now has the lowest advertised two-year rate among the five major banks.
Banking Ombudsman launches investigation after Westpac customer loses $323,000 in investment scam, bank CEO ‘sorry’ for loss
Westpac's CEO is confident it had acted appropriately and 'exercised our duty of care'.
Westpac posts steady third-quarter profit, helped by higher capital earnings
Westpac Banking Corp beat Q3 profit forecasts, improved net interest margin, and hit a six-year share peak on better cost controls and fewer bad loans.
Westpac posts steady third-quarter profit, helped by higher capital earnings
Australia's Westpac Banking Corp said on Monday its third-quarter net profit was largely in line with a year ago, as increased earnings from capital and hedged deposits counterbalanced rising expenses...
Labor pumps $160m into Westpac fund offering lower-interest loans for household energy upgrades
But the loans are only available to those who already have or are approved for a Westpac home or investment loan of at least $150,000 Get our morning and afternoon news emails , free app or daily news...
RBNZ expected to cut cash rate by at least another 50 bps before year-end - poll
23 of 25 economists forecast a 25 bps rate cut in October next Of the remaining two, one anticipates a 50 bps rate cut and the other no change 23 of 25 economists forecast the RBNZ to cut by at least ...
Franklins European Bathrooms liquidation: Westpac among creditors owed $31.2m – what happens next?
Creditors now face a potential shortfall in the tens of millions.
Market Outlook for the Week of 12th - 16th August
Tuesday's key events include several important economic indicators from Australia, such as the Westpac consumer sentiment report, the wage price index q/q, and the NAB business confidence. In the U.K....
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.