for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Westpac Banking Corp

WBC.AX

Latest Trade

25.71AUD

Change

--(--)

Today's Range

--

 - 

--

52 Week Range

17.18

 - 

27.12

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

Pricing

Previous Close
25.71
Open
--
Volume
--
3M AVG Volume
119.10
Today's High
--
Today's Low
--
52 Week High
27.12
52 Week Low
17.18
Shares Out (MIL)
3,665.39
Market Cap (MIL)
94,429.55
Forward P/E
17.63
Dividend (Yield %)
3.46

Next Event

Full Year 2021 Westpac Banking Corp Earnings Call

Latest Developments

More

Westpac Says Will Launch A New Zero Interest Credit Card 'Flex' Later In The Year

Westpac Consults Employees On Entry To Workplace Policy

Westpac Sees Notable Items Affecting 2H21 Results Of A$1.3 Bln

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

About Westpac Banking Corp

Westpac Banking Corporation is a banking organization. The Company provides a range of banking and financial services including consumer, business and institutional banking and wealth management services. Its operations consist of various divisions including Consumer, Business, Westpac Institutional Bank (WIB), Westpac New Zealand and Specialist Businesses. Consumer division provides sale and service to consumer customers in Australia. Business division provides sales and service of banking products for Australian small to medium enterprise and Commercial businesses. WIB delivers a range of financial products and services to corporate, institutional and government customers. Westpac New Zealand provides banking, wealth and insurance products and services for consumer, business and institutional customers in New Zealand. Specialist Businesses provides auto finance, Australian life, investment product and services, superannuation and retirement products.

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 King

Chief Executive Officer, Managing Director, Executive Director

Michael Rowland

Chief Financial Officer

Richard Burton

Acting Chief Executive - Consumer Division

Guilherme Lima

Chief Executive of Business Division

Key Stats

2.46 mean rating - 13 analysts
Sell
Hold
Buy
Revenue (MM, AUD)

2018

22.1K

2019

20.7K

2020

20.6K

2021(E)

21.1K
EPS (AUD)

2018

2.362

2019

1.985

2020

0.726

2021(E)

1.460
Price To Earnings (TTM)
22.03
Price To Sales (TTM)
4.60
Price To Book (MRQ)
1.31
Price To Cash Flow (TTM)
14.66
Total Debt To Equity (MRQ)
217.41
LT Debt To Equity (MRQ)
213.93
Return on Investment (TTM)
--
Return on Equity (TTM)
0.49

Latest News

Latest News

Westpac to launch zero-interest digital card with young consumers in focus

Westpac Banking Corp said on Wednesday it would launch a digital credit card this year that would offer zero interest and be aimed primarily at young customers who are seeking the convenience of fast and efficient payment services.

Australia's Westpac flags $950 million profit hit, led by institutional banking

Australia's Westpac Banking Corp said on Tuesday it will take a one-off charge of $956 million against its second-half profit mainly due to a weaker earnings outlook at its institutional banking unit as well as remediation charges.

Australia's Westpac flags $956 mln profit hit led by institutional bank impairment

Australia's Westpac Banking Corp said on Tuesday it will take A$1.3 billion ($956 million) of one-off charges against its second-half profit after its institutional banking unit quit energy trading and lowered its outlook due to "subdued" financial markets.

Australian banks reject pressure to deal with cryptocurrency firms

Two of Australia's largest lenders, National Australia Bank (NAB) and Westpac, on Thursday rejected criticism that they are stymieing competition by refusing to do business with cryptocurrency providers.

Australia's Westpac mulls shareholder payback, to sell $734 million of notes

Westpac Banking Corp is considering returning capital to shareholders as Australia's post-pandemic economic rebound left big banks with record cash, and said it will raise about A$1 billion ($733.8 million) through a sale of notes.

Australia's Westpac mulls capital return, expects lower margins

Westpac Banking Corp said on Tuesday it would consider returning capital to shareholders, even as Australia's No.2 lender forecast lower margins for the second half and higher expenses for its fiscal 2021.

UPDATE 1-New Zealand c.bank warns Westpac unit for breaching anti-money laundering laws

The Reserve Bank of New Zealand (RBNZ) on Wednesday issued a formal warning to Westpac Banking Corp's local unit for failing to report almost 8,000 transactions as required by anti-money laundering and counter-terrorism laws.

New Zealand c.bank warns Westpac over breach of anti-money laundering laws

The New Zealand central bank on Wednesday issued a formal warning to Westpac Banking Corp's local unit for failing to report almost 8,000 transactions as required by anti-money laundering and counter-terrorism laws.

Westpac exits life insurance with $660 million sale to Japan's Dai-ichi

Westpac Banking Corp on Monday became the latest Australian firm to retreat from the life insurance sector, as it agreed to an A$900 million ($660 million) sale of its domestic unit to Japan's Dai-ichi Life Holdings.

Japan's Dai-ichi Life to buy Westpac's life business for about A$900 million -Nikkei

Japan's Dai-ichi Life Holdings will buy Australian banking group Westpac's life insurance business for about A$900 million ($665.5 million), the Nikkei reported on Friday.

PNG regulator rejects stake sale of Westpac's Pacific businesses

Papua New Guinea's competition regulator has rejected Kina Securities' A$420 million ($308.45 million) proposed stake acquisition in Westpac Banking Corp's Pacific operations, Australia's No. 2 lender said on Monday.

Westpac to sell New Zealand life insurance arm for $281 million

Westpac Banking Corp will sell its New Zealand life insurance business to Fidelity Life for NZ$400 million ($280.84 million), the companies said on Tuesday.

Westpac files lawsuit against equipment finance firm over alleged fraud

Westpac Banking Corp said on Friday that it filed a civil lawsuit against equipment financier Forum Finance Pty Ltd after the Australian lender discovered a potential fraud regarding equipment leases for its customers.

Australia's Westpac files lawsuit against Forum Finance for alleged fraud

Westpac Banking Corp said on Friday that it started legal proceedings against Forum Finance after it discovered a potential fraud regarding equipment leases arranged by the financial services provider for the lender's customers.

UPDATE 1-Australian regulator says Westpac to pay $65 mln to customers for advice lapses

Australia's corporate regulator said on Friday Westpac Banking Corp expects to pay A$87 million ($64.97 million) to former customers of its advice business who were not given important updates on companies that they held shares in.

Australian regulator says Westpac to compensate customers for advice lapses

Australia's corporate regulator said on Friday Westpac Banking Corp expects to pay A$87 million ($64.97 million) to former customers of its advice business who were not given important updates on companies that they held shares in.

Australia's Westpac scraps potential demerger of NZ business

Australia's second-largest lender Westpac Banking Corp said on Thursday it would retain its New Zealand business, wrapping up the option of a spin-off, after a review likely found that a demerger would have been too costly.

Westpac’s grounded Kiwi may fly another day

(The author is a Reuters Breakingviews columnist. The opinions expressed are their own.)

Australia's Westpac to retain New Zealand business

Australian lender Westpac Banking Corp said on Thursday it would retain full ownership of its New Zealand business, after a review found that a demerger would not be in shareholder's best interests. (Reporting by Rashmi Ashok in Bengaluru; Editing by Arun Koyyur)

Australian central bank cancels bond operation as banks report outages

The Reserve Bank of Australia (RBA) is cancelling Thursday's operation to buy long-dated government bonds because of technical difficulties, it said, as reports circulated of internet outages at several commercial banks and major firms.

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

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up