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Westpac Banking Corp (ADR)

WBK

Latest Trade

14.20USD

Change

-0.14(-0.98%)

Volume

1,142,639

Today's Range

13.91

 - 

14.23

52 Week Range

13.91

 - 

20.82

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Pricing

Previous Close
14.34
Open
14.22
Volume
1,142,639
3M AVG Volume
6.08
Today's High
14.23
Today's Low
13.91
52 Week High
20.82
52 Week Low
13.91
Shares Out (MIL)
3,665.13
Market Cap (MIL)
52,000.54
Forward P/E
12.82
Dividend (Yield %)
6.04

Next Event

Dividend For WBCPI.AX - 0.6498 AUD

Latest Developments

More

Westpac Supports Plenti To Fund Electric Vehicles In Australia

Westpac Says Launched ESG Training For Bankers To Support Pathway To Net Zero

Westpac Intends To Delist American Depositary Shares

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About Westpac Banking Corp (ADR)

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

Money Center 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

Chris De Bruin

Chief Executive, Consumer & Business Banking

Catherine Mcgrath

Chief Executive Officer - Westpac New Zealand

Key Stats

1.00 mean rating - 1 analysts
Sell
Hold
Buy
Revenue (MM, USD)

2019

14.5K

2020

14.0K

2021

15.8K

2022(E)

14.9K
EPS (USD)

2019

1.400

2020

0.490

2021

1.101

2022(E)

1.181
Price To Earnings (TTM)
14.62
Price To Sales (TTM)
3.44
Price To Book (MRQ)
1.03
Price To Cash Flow (TTM)
10.36
Total Debt To Equity (MRQ)
222.41
LT Debt To Equity (MRQ)
219.12
Return on Investment (TTM)
--
Return on Equity (TTM)
0.59

Latest News

Latest News

Australia's Westpac suffers protest vote at AGM, chairman apologises for share slide

Australia's Westpac Banking Corp was hit with a so-called "first strike" vote against executive pay plans at its annual general meeting and Chairman John McFarlane apologised "unreservedly" for a sharp decline in its share price.

REFILE-Westpac chairman apologises for share slide, says to start CEO succession planning

Westpac Banking Corp Chairman John McFarlane on Wednesday apologised "unreservedly" to shareholders for a sharp decline in its share price and said the bank would begin making succession plans for its chief executive.

Westpac to likely pay $81 million for charging dead people, other breaches

Westpac Banking Corp said on Tuesday it will likely be fined A$113 million ($80.8 million) for alleged compliance failures across its business over many years, including charging financial advice fees to thousands of dead customers.

Westpac NZ's risk governance needs 'significant improvement', says RBNZ

The Reserve Bank of New Zealand (RBNZ) said on Thursday Westpac's local unit needs to address risk governance and compliance concerns after an independent report highlighted "material shortcoming" in the board's oversight.

BRIEF-Reserve Bank Of New Zealand Posts Report On Shortcomings With Westpac NZ’S Risk Governance

* EXTERNAL REPORT HIGHLIGHTS MATERIAL SHORTCOMINGS WITH WESTPAC NZ’S RISK GOVERNANCE

Australia's banks in mortgage book reshape as rate hikes loom

Australian banks are offering lower variable-rate home loans even as funding costs rise in an attempt to lure customers away from fixed-rate mortgages and benefit from eventual increases in the overnight cash rate, analysts said.

Ex-Westpac boss Hartzer joins Australian startup Reejig as chairman

Australian startup Reejig said on Thursday former Westpac boss Brian Hartzer has joined as chairman, his latest role after a major money-laundering scandal at the lender forced his exit in 2019.

Australia's Westpac takes hit to margins, shares tumble despite buyback

Westpac Banking Corp on Monday disappointed investors hoping for a quick restructure at Australia's No. 3 lender, revealing big cuts in margins and still-high expenses, knocking its shares sharply lower.

Australia's Westpac annual profit doubles, launches $2.5 bln buyback

Australia's Westpac Banking Corp announced a A$3.5 billion ($2.63 billion) share buyback on Monday as the country's second-largest lender's annual profit more than doubled, boosted by the release of funds set aside to cover the fallout of the pandemic.

Australia's central bank declines to defend bond target even as yield spikes

Australia's central bank on Thursday skipped a chance to buy a government bond that is the linchpin of its stimulus programme, sending yields soaring above target and stoking market wagers on an early hike in interest rates.

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.

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

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