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Westpac Banking Corp

WBC.AX

Latest Trade

20.69AUD

Change

-0.20(-0.96%)

Volume

2,933,153

Today's Range

20.60

 - 

20.81

52 Week Range

13.47

 - 

25.96

As of on the Australian Stock Exchange Ltd ∙ Minimum 15 minute delay

Pricing

Previous Close
20.89
Open
20.77
Volume
2,933,153
3M AVG Volume
208.87
Today's High
20.81
Today's Low
20.60
52 Week High
25.96
52 Week Low
13.47
Shares Out (MIL)
3,610.37
Market Cap (MIL)
73,858.95
Forward P/E
13.58
Dividend (Yield %)
1.52

Next Event

Westpac Australasian AgFood Conference (Virtual)

Latest Developments

更多

Westpac Announces Additional Tier 1 Capital Instrument Offer, Westpac Capital Notes 7

Westpac Lowers Fixed Home Loan Rates & Reduces Rates On Number Of Small Business Loans

Westpac Posts FY Cash Earnings $2,608 Million

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About Westpac Banking Corp

Westpac Banking Corporation is a banking organization. The Company provides a range of banking and financial services in these markets, including consumer, business and institutional banking and wealth management services. The Company’s operations consist of various divisions including Consumer, Business, Westpac Institutional Bank (WIB) and Westpac New Zealand. Consumer division is responsible for sales and service to consumer customers in Australia. Business division provides business banking and wealth facilities and products for customers across Australia. WIB delivers a broad range of financial products and services to commercial, corporate, institutional and government customers operating in, or with connections to Australia and New Zealand. Westpac New Zealand is responsible for sales and service of banking, wealth and insurance products for consumer, business and institutional customers in New Zealand.

Industry

Regional Banks

Contact Info

L 18 275 Kent St

SYDNEY, NSW

2000

Australia

+61.2.91557700

https://www.westpac.com.au/

Executive Leadership

John McFarlane

Non-Executive Independent Chairman of the Board

Peter Francis King

Chief Executive Officer, Managing Director, Executive Director

Michael Rowland

Chief Financial Officer

Guilherme Lima

Chief Executive of Business division

David Alexander McLean

Chief Executive Officer - Westpac New Zealand Limited

Key Stats

2.44 mean rating - 16 analysts
Sell
Hold
Buy
Revenue (MM, AUD)

2018

22.1K

2019

20.7K

2020

20.6K

2021(E)

20.3K
EPS (AUD)

2018

2.362

2019

1.985

2020

0.726

2021(E)

1.496
Price To Earnings (TTM)
32.09
Price To Sales (TTM)
3.61
Price To Book (MRQ)
1.09
Price To Cash Flow (TTM)
18.13
Total Debt To Equity (MRQ)
259.51
LT Debt To Equity (MRQ)
256.20
Return on Investment (TTM)
--
Return on Equity (TTM)
0.25

Latest News

Latest News

Westpac hobbled by spending needs as Australian banks adjust to pandemic economy

Westpac Banking Corp lags rivals as its dated systems is forcing it to spend, rather than save, while profit margins are eroded by record-low interest rates, investors said after Australia's biggest banks issued earnings and trading updates.

UPDATE 3-Australia's 'Big Four' banks pocket cenbank cut, trim fixed loan rates

* CBA will not pass on variable rate cuts to home loan customers

UPDATE 3-Australia's Westpac underwrites dividend payout as cash earnings plunge

* Reinstates final dividend A$0.31 per share, down 61% from FY19

UPDATE 2-Australia's Westpac flags $870.4 million hit to second-half cash earnings

* Costs and provision for record settlement increase A$415 mln

UPDATE 1-Australia's Westpac selling stake in buy-now-pay-later firm Zip

Westpac Banking Corp said on Wednesday it would sell its 10.7% stake in buy-now-pay-later firm Zip Co Ltd in a deal valued at about A$368 million ($260 million), as it aims to trim its portfolio and improve its capital position.

Australia's Westpac to sell stake in buy-now-pay-later firm Zip

Australia's Westpac Banking Corp said on Wednesday it would sell its 10.7% stake in buy-now-pay-later firm Zip Co Ltd, as it aims to trim its portfolio and focus on its core banking business.

UPDATE 2-Afterpay, Westpac link up for Australia savings accounts

* Afterpay gets deeper look at users' financial habits (Adds Afterpay shares, details of partnership, analyst comment, Zip news)

UPDATE 2-Australia's Westpac to exit China, other Asia markets as focus swings to home

Australia's Westpac Banking Corp is exiting banking operations in China and some other Asian markets to focus on its core domestic and New Zealand businesses, as it grapples with capital constraints amid the COVID-19 pandemic.

Australian shares end higher as govt signals ease in lending standards

Australian shares ended the week on a positive note, boosted by heavyweight banks, as investors cheered the government's signals to ease lending standards to free up credit and revive the pandemic-hit economy.

Australia shares jump as banks cheer easing of lending laws

Australian shares climbed more than 1% on Friday, with the "Big Four" banks among top boost to the benchmark index, after the government said it would simplify bank lending rules to free up credit in a bid to stimulate the coronavirus-hit economy.

Australia c.bank will stay patient for now - Westpac chief economist

The Reserve Bank of Australia (RBA) is seen unlikely to lower rates further to 0.1% at this stage, Westpac Chief Economist Bill Evans said on Tuesday as odds narrow for further monetary policy easing.

UPDATE 2-Australia's Westpac scraps dividend as coronavirus crisis squeezes capital

* Capital raises questions about final div - Credit Suisse (Recast, adds shares, CEO comment, analyst on capital, dividend)

UPDATE 1-Westpac to move 1,000 overseas call centre jobs to Australia

Westpac Banking Corp said on Wednesday it will bring back 1,000 call centre jobs to Australia from overseas to meet growing demand for customer assistance due to the coronavirus pandemic.

Westpac to move 1,000 overseas call center jobs to Australia

Westpac Banking Corp said on Wednesday it will bring back 1,000 mostly call center jobs to Australia from overseas to meet growing demand for customer assistance due to the coronavirus pandemic.

UPDATE 1-Westpac hands regulator more transaction info, says not all break money-laundering laws

Westpac Banking Corp said it gave updated information on more than 500,000 threshold transactions to Australia's financial crime regulator that it had not reported or were incomplete amid allegations it enabled millions of illegal payments.

UPDATE 2-Westpac says regulator-ordered report finds governance 'immature and reactive'

Westpac Banking Corp said on Friday a regulator-ordered report found the lender had not made enough improvements to its risk management and culture even after it was sued for allegedly enabling payments between known child exploiters.

Westpac report finds management of non-financial risk 'immature and reactive'

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".

Australia's Westpac hit with class action over car loan commissions

Westpac Banking Corp said on Friday it has been served with a class action over commissions paid to auto dealers between 2013 and 2018 that are alleged to have led to higher interest rates for car loans.

UPDATE 1-Australia's scandal-hit Westpac names KPMG partner as CFO

Westpac Banking Corp on Tuesday named KPMG partner Michael Rowland as its chief financial officer, filing the last of its top three positions with permanent appointees more than six months after facing a major money-laundering scandal.

Australia's Westpac names Michael Rowland as CFO

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

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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