Home » Stocks » WBK

Westpac Banking Corporation (WBK)

Stock Price: $20.01 USD -0.29 (-1.43%)
Updated Jun 18, 2021 4:00 PM EDT - Market closed
Market Cap 74.45B
Revenue (ttm) 14.73B
Net Income (ttm) 1.67B
Shares Out 3.67B
EPS (ttm) 0.90
PE Ratio 22.18
Forward PE 16.08
Dividend $0.89
Dividend Yield 4.45%
Trading Day June 18
Last Price $20.01
Previous Close $20.30
Change ($) -0.29
Change (%) -1.43%
Day's Open 20.04
Day's Range 19.87 - 20.07
Day's Volume 145,840
52-Week Range 10.91 - 20.82

News

Hide News
  • All
  • Videos
  • Press Releases
  • Conversation

Westpac's Callow Sees Short-Term Support for Dollar

YouTube video

Jun.16 -- Sean Callow, senior currency strategist at Westpac Banking Corp., discusses Federal Reserve policy and its implications for the dollar and other currencies, Fed officials sped up their expecte...

3 days ago - Bloomberg Markets and Finance

Does Westpac Banking Corporation (WBK) have what it takes to be a top stock pick for momentum investors? Let's find out.

1 month ago - Zacks Investment Research

Australia's corporate watchdog accused Westpac Banking Corp of insider trading while financing a A$16 billion ($12 billion) energy grid privatisation in 2016, the latest in a series of regulatory proble...

1 month ago - Reuters

Arch Capital (ACGL) agrees to purchase WLMI to prop up its mortgage insurance business in Australia.

Other stocks mentioned: ACGL, ACGLO, ACGLP
3 months ago - Zacks Investment Research

When screening the market for value opportunities, one method is to pick securities whose trailing 12-month price-to-free-cash-flow ratios are low compared to that of the S&P 500 index, which stands at ...

Other stocks mentioned: HI, HLF
3 months ago - GuruFocus

As of late, it has definitely been a great time to be an investor in Westpac Banking (WBK).

3 months ago - Zacks Investment Research

Australian regulators have recently removed the cap on dividends for banks, and Westpac currently offers consensus forward FY 2021 and FY 2022 dividend yields of 4.4% and 5.3%, respectively. Westpac's f...

5 months ago - Seeking Alpha

Picking stocks whose market capitalization surpasses $2 billion and whose price-book ratio is trading below 1.5 could grant investors a higher chance of unearthing value opportunities.

Other stocks mentioned: EBR, SHG
6 months ago - GuruFocus

RBA's efforts to aid economic growth by cutting rates will likely hurt banks like Australia and New Zealand Banking Group (ANZBY), Commonwealth Bank of Australia (CMWAY), Westpac Banking (WBK) and Natio...

Other stocks mentioned: ANZBY, NABZY
7 months ago - Zacks Investment Research

SYDNEY--(BUSINESS WIRE)--Westpac FY20 Annual Results Media Release

7 months ago - Business Wire

Westpac Banking Corporation (WBK) CEO Peter King on Q4 2020 Results - Earnings Call Transcript

7 months ago - Seeking Alpha

Westpac Profit Plunges on Bad-Debts, Laundering Fine

YouTube video

Nov.01 -- Westpac Banking Corp.'s profit plunged after the lender was hit with a record fine for breaching anti-money laundering laws, and the coronavirus-induced recession swelled bad-debt charges. Mat...

7 months ago - Bloomberg Markets and Finance

Westpac's (WBK) fine marks the largest ever civil penalty in Australia's history.

8 months ago - Zacks Investment Research

Westpac, one of Australia's largest banks, has agreed to pay a record-breaking penalty of nearly $1 billion for systematically allowing money laundering on its watch.

8 months ago - CNN Business

Westpac to Pay Record Fine to Settle Laundering Suit

YouTube video

Sep.23 -- Westpac Banking Corp. will pay a record A$1.3 billion ($920 million) fine to settle Australia’s biggest breach of anti-money laundering laws. Paul Allen reports on "Bloomberg Daybreak: Australia.

8 months ago - Bloomberg Markets and Finance

Divestiture of the Vendor Finance business is part of Westpac Banking's (WBK) efforts to move away from non-core operations amid coronavirus scare.

9 months ago - Zacks Investment Research

Australia's Westpac Banking Corp on Friday agreed to sell its vendor finance business to a U.S. private equity firm, as part of its strategy to focus on core banking operations and trim its portfolio of...

10 months ago - Reuters

Westpac Scraps First-Half Dividend

YouTube video

Westpac Banking Corp. has scrapped its first-half dividend and increased provisions for bad loans. Bloomberg’s Emily Cadman reports on “Bloomberg Daybreak: Asia.”

10 months ago - Bloomberg Markets and Finance

SUPV vs. WBK: Which Stock Is the Better Value Option?

Other stocks mentioned: SUPV
10 months ago - Zacks Investment Research

Even if you're bullish on banks, you should steer clear of these sev

Other stocks mentioned: C, COF, HSBC, PNC, SAN, TD
10 months ago - InvestorPlace

Westpac Banking Corp said on Friday it was launching a multi-year programme to fix shortcomings in its management of non-financial risk that an internal report found to be "immature and reactive".

11 months ago - Reuters

Westpac Banking Corp on Tuesday named KPMG partner Michael Rowland as its chief financial officer.

11 months ago - Reuters

Some of Australia's biggest companies have been caught up in underpayment scandals, prompting the federal government to say it would introduce tougher laws that criminalise what it called "wage theft" a...

Other stocks mentioned: CLEGF, WFAFY
11 months ago - Reuters

Australia's Westpac Banking Corp on Friday said it will have to pay A$8 million ($5.54 million) to around 8,000 employees who were found to have been underpaid their long service leave entitlements due ...

11 months ago - Reuters

The Australian dollar will strengthen to 0.70 per US dollar in Q3: Westpac

YouTube video

Sean Callow of Westpac Bank discusses his outlook for the Australian dollar, which he expects to trend north of 0.70 per USD towards the end of the year.

11 months ago - CNBC International TV

MUFG vs. WBK: Which Stock Is the Better Value Option?

Other stocks mentioned: MUFG
11 months ago - Zacks Investment Research

Australia's second largest bank Westpac Banking Corp on Friday said it has filed its defence in a case where it is accused of 23 million alleged breaches of anti-money laundering laws.

1 year ago - Reuters

Westpac Banking Corporation (WBK) CEO Peter King on Q2 2020 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

Westpac Banking Defers Dividend as Profits Plunge

YouTube video

Westpac Banking Corp. deferred its dividend after soaring bad-debt provisions and a potential record anti-money laundering fine sent first-half earnings plummeting to the lowest in almost two decades. E...

1 year ago - Bloomberg Markets and Finance

Central banks are driving positive risk sentiment in currencies: Westpac Bank

YouTube video

Westpac Bank's global head of market strategy, Robert Rennie, discusses the short-term "story of optimism" for a world economy recovering from a coronavirus-induced "slumber" and what this means for cur...

1 year ago - CNBC International TV

Westpac Appoints Peter King as Permanent CEO

YouTube video

Westpac Banking Corp. said acting Chief Executive Officer Peter King will take on the role permanently for the next two years as Australia’s oldest bank seeks stability amid the coronavirus crisis. Paul...

1 year ago - Bloomberg Markets and Finance

Westpac Banking Corp. WBC, +1.21% late Wednesday appointed Peter King to be its chief executive and said that he has agreed to the appointment for at least two years.

1 year ago - Market Watch

UBS vs. WBK: Which Stock Is the Better Value Option?

Other stocks mentioned: UBS
1 year ago - Zacks Investment Research

Investor rights law firm Bernstein Liebhard has filed a class-action suit against Australia's No. 2 lender, Westpac Banking Corp , accusing it of failing to monitor financial crime, the law firm said on...

1 year ago - Reuters

UBS vs. WBK: Which Stock Is the Better Value Option?

Other stocks mentioned: UBS
1 year ago - Zacks Investment Research

Australia's No. 2 lender Westpac Banking Corp said on Saturday a class-action lawsuit, naming former Chief Executive Brian Hartzer and interim CEO Peter King as defendants, has been filed in a U.S.

1 year ago - Reuters

Australia's Westpac Banking Corp named a former Barclays boss as chairman on Thursday, entrusting veteran banker John McFarlane with the task of steering it through the country's biggest money-launder...

1 year ago - Reuters

Australia's Westpac Banking Corp on Thursday named a former Barclays boss as chairman, entrusting veteran banker John McFarlane to help steer it through the fallout of a massive money-laundering scandal.

1 year ago - Reuters

Westpac Banking Corp on Thursday named banking veteran John McFarlane as chairman-elect, entrusting the former Australia and New Zealand Banking Group boss to help steer it through the fallout of a mas...

1 year ago - Reuters

Australia's second-largest lender Westpac Banking Corp on Friday appointed two people to a panel which will assess the bank's accountability in a money laundering scandal.

1 year ago - Reuters

Australia's banking regulator will use its increased investigative powers for the first time to examine whether Westpac Banking Corp directors and executives broke the law as part of the bank's money l...

1 year ago - Reuters

Westpac Banking Corp will be required to hold an extra A$500 million in capital after Australia's banking regulator announced an investigation into the bank's alleged money laundering breaches.

1 year ago - Reuters

Australia's Westpac Banking Corp faces a showdown with investors at its annual meeting this week, seeking to hold back an avalanche of outrage over a money laundering scandal that includes accusations ...

1 year ago - Reuters

Behind The Idea: Westpac's Problems Extend Far Beyond Money Laundering Scandal

1 year ago - Seeking Alpha

Westpac Banking could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.

1 year ago - Zacks Investment Research

Australia's Westpac Banking Corp offered to refund people who bought new shares weeks before a lawsuit accusing it of millions of breaches of money laundering laws, a move some investors said was to fe...

1 year ago - Reuters

Australia's Westpac Banking Corp offered to refund investors who bought new shares weeks before a bombshell lawsuit accusing it of millions of breaches of money laundering laws, a rare step to fend off...

1 year ago - Reuters

Australian lender Westpac Banking Corp said on Thursday it would let investors withdraw their share purchase applications filed prior to the money laundering allegations made by financial crime watchdog...

1 year ago - Reuters

Two of Australia's top shareholder proxy advisers on Wednesday urged investors to vote out more directors of Westpac Banking Corp after a money-laundering scandal claimed the CEO and chairman of the co...

1 year ago - Reuters

The CEO and chairman of Australia's Westpac Banking Corp are out after financial crime watchdog AUSTRAC accused the bank of 23 million breaches of anti-money laundering laws, including payments related...

1 year ago - Reuters

About WBK

Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, and internationally. The company operates through four divisions: Consumer, Business, Westpac Institutional Bank, Westpac New Zealand, Specialist Businesses, and Group Businesses. It offers everyday banking, savings, term deposit, business transaction, foreign currency, and specialized accounts; home, personal, and business loans; credit cards; international and travel services; share trading services; investment; and home, car, travel, life, ... [Read more...]

Industry
Banks-Diversified
Founded
2000
CEO
Peter King
Employees
33,607
Stock Exchange
NYSE
Ticker Symbol
WBK
Full Company Profile

Financial Performance

In 2020, WBK's revenue was 20.18 billion, a decrease of -2.26% compared to the previous year's 20.65 billion. Earnings were 2.29 billion, a decrease of -66.24%.

Financial numbers in millions AUD.
Financial Statements

Analyst Forecasts

According to 2 analysts, the average rating for WBK stock is "Buy." The 12-month stock price forecast is 24.34, which is an increase of 21.64% from the latest price.

Price Target
$24.34
(21.64% upside)
Analyst Consensus: Buy