Westpac Banking Corporation (NZE:WBC)

New Zealand flag New Zealand · Delayed Price · Currency is NZD
34.80
-0.69 (-1.94%)
Apr 3, 2025, 5:00 PM NZST
23.01%
Market Cap 118.50B
Revenue (ttm) 23.36B
Net Income (ttm) 7.76B
Shares Out n/a
EPS (ttm) 2.26
PE Ratio 15.28
Forward PE n/a
Dividend 1.83 (5.15%)
Ex-Dividend Date Nov 7, 2024
Volume 9,655
Average Volume 16,447
Open 35.45
Previous Close 35.49
Day's Range 34.15 - 35.45
52-Week Range 27.40 - 39.24
Beta n/a
RSI 52.24
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]

Sector Financials
Founded 1817
Employees 33,583
Stock Exchange New Zealand Stock Exchange
Ticker Symbol WBC
Full Company Profile

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 Statements

News

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...

2 days ago - Forexlive

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.

3 days ago - The Australian Financial Review

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...

3 days ago - Forexlive

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.

6 days ago - The Australian Financial Review

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...

6 days ago - Forexlive

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...

7 days ago - Forexlive

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.

8 days ago - NZ Herald

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.

8 days ago - The Australian Financial Review

Copper prices supported by by expectations of a tighter global supply

Westpac with the analysis. In brief: copper prices supported by by expectations of a tighter global supply U.S. copper premiums have jumped to 14% above London Metal Exchange prices, driven by the pot...

10 days ago - Forexlive

Westpac targets defence lending as banks deepen national security ties

Under pressure from the Trump administration, major economies are increasing their military spending. The big lenders can see opportunity to provide financing.

11 days ago - The Australian Financial Review

Inside Project Aries: Westpac’s secret plan for St George

The major lender has already shrunk the number of branches and closed its subsidiary’s private banking division. Now it’s considering its next steps.

14 days ago - The Australian Financial Review

Westpac Slashes Variable Home Loan Rates To 5.84% Amid Growing Competition Among Banks

Westpac's decision to compete directly with ANZ Bank is being seen as a positive move for customers.

16 days ago - International Business Times (Australia)

Westpac launches internal home loan fraud probe after RAMS closure

The major lender has been conducting a deep dive of mortgages originated in-house amid concerns that borrowers are increasingly misrepresenting their finances.

17 days ago - The Australian Financial Review

Westpac poaches NAB’s CFO, adding another Goldman alumni to its ranks

Nathan Goonan is leaving National Australia Bank at the same time as long-time executive and the head of its business banking division, Rachel Slade.

17 days ago - The Australian Financial Review

ASX 200 LIVE: UBS upgrades MinRes to “buy”; sharemarket tracks Wall Street’s gains, China stimulus in focus.

Shares higher; MinRes rallies 8pc; two bidders court Smartpay, leaps 44pc; Spartan, Ramelius to merge; Westpac poaches NAB CFO; China stimulus in focus.

17 days ago - The Australian Financial Review

Australia's Westpac settles auto finance class action lawsuit for $81 million

Australia's Westpac Banking Corp has reached an A$130 million ($81.84 million) settlement on a class action lawsuit against the lender over commissions paid to auto dealers over five years, the bank s...

20 days ago - Reuters

Russia-Ukraine war: Vladimir Putin makes surprise visit to Kursk region as Russia mulls peace deal

The Kremlin is reviewing details of the US proposed ceasefire with Ukraine; Westpac boss backs decision not to retaliate against US tariffs. Follow live updates.

21 days ago - The Australian Financial Review

ASB, TSB help fraud victims send $2m to scammers, accused money mule admits to Westpac he’s a ‘middle’ man

A scam victim who lost $1m says: “I’ve failed as a husband to protect my wife".

27 days ago - NZ Herald

Westpac’s head of retail banking to depart

The exit comes after the company last year appointed his leadership rival, Anthony Miller, as its chief executive.

27 days ago - The Australian Financial Review

ASX 200 LIVE: ASX drops; Bain, CC Capital up Insignia bids; Jason Yetton, Donald Trump delays Canada, Mexico tariffs.

Shares fall; CBA drops 3pc; partial tariff delays; Star confirms rescue talks; CC Capital, Bain battle for Insignia; another exec exits Westpac; bitcoin slumps.

4 weeks ago - The Australian Financial Review

WAM fires up brokers for $400m IPO; Westpac legend on board

Wilson declined to comment, however broker sources told this column a deal to raise as much as $400 million is poised to launch.

5 weeks ago - The Australian Financial Review

S&P ratings revise Australian state Queensland rating outlook to negative

Australia news, tweet via Head of Financial Markets Strategy, Westpac, Martin Whetton: S&P cites weaker budget performance. Sheesh, if Queensland is copping it some other states (looking at you Victor...

6 weeks ago - Forexlive

Australian lender Westpac reports 13% rise in first-quarter profit

Australia's Westpac Banking posted a 13% rise in its first-quarter net profit on Monday, helped by growth in customer deposits and housing and business loan volumes.

6 weeks ago - Reuters

Reserve Bank of Australia expected to cut its cash rate by 25bp on February 18

The Reserve Bank of Australia meet on February 17 and 18. The Statement is expected at 2.30pm local time on the 18th: Reserve Bank of Australia Governor Bullock will hold her press conference an hour ...

6 weeks ago - Forexlive

Reserve Bank of New Zealand (RBNZ) expected to cut reduce interest rates by 50bp on Feb 19

The Reserve Bank of New Zealand (RBNZ) meeting is on February 19. The statement is due at 2pm NZ time: 0100 GMT 2000 US Eastern time Reuters poll, in brief: The Bank is expected to reduce interest rat...

6 weeks ago - Forexlive