WBC.AX - Westpac Banking Corporation

ASX - ASX Delayed Price. Currency in AUD
30.22
-0.23 (-0.76%)
At close: 4:10PM AEDT
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Previous Close30.45
Open30.55
Bid30.32 x 70600
Ask30.40 x 6900
Day's Range30.19 - 30.63
52 Week Range29.40 - 35.39
Volume3,391,181
Avg. Volume4,382,807
Market Cap102.626B
BetaN/A
PE Ratio (TTM)13.18
EPS (TTM)2.29
Earnings DateMay 7, 2018 - May 11, 2018
Forward Dividend & Yield1.22 (5.99%)
Ex-Dividend Date2017-11-13
1y Target Est33.97
  • Reuters2 days ago

    Australia banks tighten mortgage checks amid government inquiry, face revenue strain

    Australia’s largest banks have stepped up screenings of mortgage loan applications amid a powerful government-backed inquiry into the nation's lenders and their sales practices, potentially hurting revenues from their most lucrative products. National Australia Bank communicated on Friday to mortgage brokers its stricter conditions to assess mortgage applications, according to emails seen by Reuters, becoming the latest of Australia's 'Big Four' banks to do so. Westpac Banking Corp, Australia and New Zealand Banking Group, and Macquarie Group have also communicated to brokers in recent weeks changes in the way loans are assessed and approved, according to the emails reviewed by Reuters.

  • Financial Times2 days ago

    [$$] Kiwi has shed political risk premium: Westpac

    In a sign the market is getting comfortable with New Zealand’s new government, one major bank says the country’s currency is now trading above its fair value. Westpac analysts noted on Friday that the ...

  • Financial Times4 days ago

    [$$] Yen touches 15-month high as dollar weakens ahead of inflation data

    The yen hit its strongest intraday level against the dollar in 15 months on Wednesday as the dollar weakened ahead of a release of US inflation data later in the day.  The currency was up as much as 0.8 ...

  • Reuters11 days ago

    Australia gives regulator sweeping powers over bank bosses' pay

    Australia has given its financial regulator sweeping powers to cap bank bosses' pays, delay their bonuses and even ban them from the industry if found guilty of non-compliance, as it scrambles to restore trust in the scandal-hit sector. The move, plans for which were first announced in May 2017, underscores the immense pressure on the government to rein in a sector that in recent years has faced accusations of withholding legitimate health insurance payouts, giving misleading financial advice and rigging interest rates. The series of scandals has cost Australian banks, among the most profitable in the world, hundreds of millions of dollars in fines and triggered a royal commission - an inquiry with the power to recommend criminal charges that starts next week.

  • Reuters11 days ago

    Australia gives regulator sweeping powers over bank bosses' pay

    Australia has given its financial regulator sweeping powers to cap bank bosses' pays, delay their bonuses and even ban them from the industry if found guilty of non-compliance, as it scrambles to restore trust in the scandal-hit sector. The series of scandals has cost Australian banks, among the most profitable in the world, hundreds of millions of dollars in fines and triggered a royal commission - an inquiry with the power to recommend criminal charges that starts next week.

  • Reuters13 days ago

    Australia’s Westpac reports small fall in stressed assets, raising $590 million in capital

    Westpac Banking Corp reported on Monday its stressed assets fell slightly in the three months to December 31 and also announced plans to raise A$750 million ($592 million) in capital through the launch of new hybrid securities. Australia's second-biggest bank by market value said its common equity Tier-1 capital ratio was 10.1 percent at end-December, lower than the 10.6 percent reported at Sept. 30, 2017. Australian mortgage delinquencies, in aggregate, were largely unchanged for the quarter at 0.67 percent, while the bank's smaller mining and New Zealand dairy sectors reduced their exposure to impaired assets.

  • Moody'slast month

    Westpac Banking Corporation - Covered Bond Programme -- Moody's assigns definitive rating to Westpac's Series 2018-C3 mortgage covered bonds

    Moody's Investors Service has today assigned a definitive Aaa long-term rating to the mortgage covered bonds issued by Westpac Banking Corporation (Westpac, counterparty risk assessment Aa2(cr), senior ...

  • Should You Be Tempted To Buy Westpac Banking Corporation (ASX:WBC) Because Of Its PE Ratio?
    Simply Wall St.2 months ago

    Should You Be Tempted To Buy Westpac Banking Corporation (ASX:WBC) Because Of Its PE Ratio?

    Westpac Banking Corporation (ASX:WBC) is currently trading at a trailing P/E of 13.1x, which is lower than the industry average of 13.2x. Although some investors may jump to the conclusionRead More...

  • Does Westpac Banking Corporation’s (ASX:WBC) 6% Earnings Growth Make It An Outperformer?
    Simply Wall St.2 months ago

    Does Westpac Banking Corporation’s (ASX:WBC) 6% Earnings Growth Make It An Outperformer?

    Today I will examine Westpac Banking Corporation’s (ASX:WBC) latest earnings update (30 September 2017) and compare these figures against its performance over the past couple of years, in addition toRead More...

  • Capital Cube3 months ago

    ETFs with exposure to Westpac Banking Corp. : December 1, 2017

    Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Westpac Banking Corp. Here are 5 ETFs with the largest exposure to WBC-AU. Comparing the performance and risk of Westpac Banking Corp. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker ... Read more (Read more...)

  • Reuters3 months ago

    Australia bows to years of pressure, announces inquiry into finance sector

    The Australian government said on Thursday it will hold a wide-ranging inquiry into a scandal-hit finance sector, arguing one was needed to restore public confidence as it reversed its long-held opposition amid mounting political pressure. The year-long Royal Commission, which will look at the conduct of banks, pension funds, insurers and other financial services firms, will have the power to compel witnesses and recommend criminal charges. It has the potential to be far more embarrassing for the industry than the regular parliamentary questioning of bank CEOs that Prime Minister Malcolm Turnbull has instigated in response to public outrage over scandals ranging from misleading financial advice to breaches of anti-money laundering rules.

  • Westpac Banking Corp. : WBC-AU: Dividend Analysis : November 14th, 2017 (record date) : By the numbers : November 16, 2017
    Capital Cube3 months ago

    Westpac Banking Corp. : WBC-AU: Dividend Analysis : November 14th, 2017 (record date) : By the numbers : November 16, 2017

    Categories: Yahoo FinanceGet free summary analysis Our analysis is based on comparing Westpac Banking Corp. with the following peers – Australia and New Zealand Banking Group Limited, National Australia Bank Limited, Commonwealth Bank of Australia and Bank of Queensland Limited (ANZ-AU, NAB-AU, CBA-AU and BOQ-AU). Westpac Banking Corp.’s dividend yield is 8.78 percent and its dividend payout ... Read more (Read more...)

  • Capital Cube3 months ago

    ETFs with exposure to Westpac Banking Corp. : November 13, 2017

    Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Westpac Banking Corp. Here are 5 ETFs with the largest exposure to WBC-AU. Comparing the performance and risk of Westpac Banking Corp. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker ... Read more (Read more...)

  • Westpac Banking Corp. :WBC-AU: Earnings Analysis: For the six months ended September 30, 2017 : November 10, 2017
    Capital Cube3 months ago

    Westpac Banking Corp. :WBC-AU: Earnings Analysis: For the six months ended September 30, 2017 : November 10, 2017

    Categories: Yahoo FinanceGet free summary analysis Westpac Banking Corp. reports financial results for the half-year ended September 30, 2017. We analyze the earnings along side the following peers of Westpac Banking Corp. – Australia and New Zealand Banking Group Limited, National Australia Bank Limited and Bank of Queensland Limited (ANZ-AU, NAB-AU and BOQ-AU) that have also reported ... Read more (Read more...)

  • Thomson Reuters StreetEvents3 months ago

    Edited Transcript of WBC.AX earnings conference call or presentation 5-Nov-17 11:00pm GMT

    Full Year 2017 Westpac Banking Corp Earnings Presentation

  • Business Wire3 months ago

    Westpac Banking Corporation Releases Its 2017 Annual Review and Sustainability Report, and 2017 Annual Report

    Westpac Banking Corporation filed its Annual Report on Form 20-F with the US Securities and Exchange Commission for the financial year ended September 30, 2017 on November 8, 2017 .

  • Westpac CEO Hartzer Says Policy Mess Is Hitting Investment
    Bloomberg3 months ago

    Westpac CEO Hartzer Says Policy Mess Is Hitting Investment

    Westpac Banking Corp. Chief Executive Officer Brian Hartzer said the outlook for the financial industry is becoming more challenging and called on the Australian government to fix a range of policy messes ...

  • Reuters4 months ago

    Westpac agrees on Hastings fund management sale to UK firm

    Hastings currently manages about A$12.6 billion ($9.68 billion) in funds, the company said. The company had also been in talks with property manager Charter Hall Group (CHC.AX) regarding the sale of Hastings, but it ceased discussions in August.

  • ASX Top Financial Dividend Paying Stocks
    Simply Wall St.4 months ago

    ASX Top Financial Dividend Paying Stocks

    The fortunes of financial services companies often follow that of the broader economy. These companies provide services ranging from consumer finance to investment banking. During downturns, financial services companies tendRead More...

  • Reuters4 months ago

    Australia's Westpac was a lead actor in rates rigging, regulator tells court

    The Australian corporate regulator accused Westpac Banking Corp (WBC.AX) of playing a leading role in the widespread manipulation of an important financial trading rate as it took the country's No. 2 lender to court on Tuesday. In an opening address to the Federal Court, the Australian Securities and Investments Commission (ASIC) laid out its case against Westpac, saying the bank was motivated to influence the Bank Bill Swap Rate, a crucial rate for the Australian finance system usually referred to as BBSW, because billions of dollars worth of its products were affected it. ASIC has accused Westpac and rivals National Australia Bank Ltd (NAB.AX) (NAB) and Australia and New Zealand Banking Group Ltd (ANZ.AX) (ANZ) of rigging the BBSW to inflate profits from 2010 to 2012.

  • Westpac says will defend itself in regulator rate-rigging lawsuit
    Reuters4 months ago

    Westpac says will defend itself in regulator rate-rigging lawsuit

    Australia's Westpac Banking Corp said on Monday it plans to defend itself in a lawsuit brought by the nation's corporate regulator accusing it of rigging a key interest rate - unlike two rivals who have agreed to settle similar cases. Australia and New Zealand Banking Group Ltd (ANZ) and National Australia Bank (NAB) reached settlements with the Australian Securities and Investment Commission (ASIC) last week. Westpac, the country's No. 2 lender, has not changed its position and will defend itself against the allegations, a bank spokesman told Reuters on Monday.

  • Reuters4 months ago

    Australia banks rate-rigging hearing delayed by settlement talks

    MELBOURNE/SYDNEY, Oct 25 (Reuters) - A hearing into allegations of interest rate rigging against three of Australia's biggest banks was delayed on Wednesday to allow more time for the lenders to negotiate a settlement with the government. The Australian Securities and Investments Commission (ASIC) took three of country's biggest lenders - Westpac Banking Corp , National Australia Bank Ltd and Australia and New Zealand Banking Group Ltd - to court accusing them of rigging the bank bill swap reference rate (BBSW) for profit.