|Day's Range||32.88 - 33.51|
|52 Week Range||29.03 - 38.65|
|PE Ratio (TTM)||13.65|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||34.66|
Westpac is the first of Australia's big banks to unveil the impact of the government's new bank levy - and its not pretty. Australian bank stocks are very popular among retail investors given they yield over 5%. A further objection is that the Levy currently has no end date, so it becomes a permanent tax impost on companies that are already amongst Australia’s largest taxpayers.
Rating Action: Moody's assigns definitive ratings to Westpac's Series 2017- C1 and 2017- C2 mortgage covered bonds. Global Credit Research- 18 May 2017. Sydney, May 18, 2017-- Moody's Investors Service ...
Westpac has reported interim cash profit of AU$4.02 billion, following busy six months in digital transformation efforts.