WBC.AX - Westpac Banking Corporation

ASX - ASX Delayed Price. Currency in AUD
+0.05 (+0.19%)
At close: 4:10PM AEDT
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Previous Close26.19
Bid26.24 x 0
Ask26.28 x 0
Day's Range26.01 - 26.32
52 Week Range23.30 - 31.40
Avg. Volume6,345,142
Market Cap90.308B
Beta (3Y Monthly)1.03
PE Ratio (TTM)11.40
EPS (TTM)2.30
Earnings DateMay 6, 2019
Forward Dividend & Yield1.88 (7.16%)
Ex-Dividend Date2018-11-13
1y Target Est28.82
  • 5 Bank Stocks That Pay Big Dividends to Shareholders
    InvestorPlace9 days ago

    5 Bank Stocks That Pay Big Dividends to Shareholders

    [Editor's note: This story was previously published in June 2018. It has since been updated and republished.]The banking sector -- and bank stocks -- saw an intriguing reversal in the 21st century.For most of the latter 20th century, banks generally paid depositors a higher rate of interest than bank stocks paid in dividend yields. This trend reversed soon after the turn of the century and became more pronounced after the 2008 financial crisis. Beginning in the early 2000's, interest-rate cuts gave bank stock investors dividend yields that exceeded the rates depositors earned in interest. Although interest rates have begun to gradually move higher in recent months, bank-deposit interest rates remain extremely low by any measure.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Monster Growth Stocks to Buy for 2019 and Beyond Fortunately, some banks pay the 5%-plus returns comparable to bank and CD rates in the 20th century. These five stocks show that earning substantial cash payouts from banks remains possible -- if investors take a chance on bank stocks.[Editor's Note: This story was originally published June 29, 2018. It has since been republished and updated to reflect new information.] Source: (PRNewsFoto/Bladex) Bladex (BLX)Div. Yield: 8.17%Bladex (NYSE:BLX), or Foreign Trade Bank of Latin America, based in Panama City, serves as a special purpose bank. The bank works to facilitate trade and business relationships between Latin America and the Caribbean. Its commercial sector accounts for most of its activities and generates most of the institution's income. Its treasury sector handles funding, liquidity and investment management. Operating in Panama also creates a unique advantage. Since the Republic of Panama uses the United States dollar, it also enjoys the credibility that comes with conducting business in the world's reserve currency.BLX remains a stable institution for more reasons than its use of the U.S. dollar, though. This stability extends to the growth (or lack thereof) of revenue and net income levels. After seeing revenue and profit growth in 2014, both revenue and profits had fallen back to 2013 levels by 2017. Growth has stagnated since, and analysts believe that it will not resume until next year.Hence, dividends remain the compelling reason to invest in BLX stock. While dividend levels saw some fluctuations in past years, the company has held its annual dividend to the $1.54 per share level since 2016. This roughly translates into a 8.17% yield. Moreover, if profit growth predictions hold, consensus 2018 earnings of $1.82 per share should cover the dividend. Also, if the company meets 2019 profit forecasts of $2.18 per share, a dividend increase for 2019 remains a possibility. With the advantages of operating in Panama and the stability of its income, the BLX stock dividend remains a safe bet for a high dividend return. Source: Gyver Chang via Flickr (Modified) HSBC Holdings (HSBC)Div. Yield: 4.7%HSBC Holdings plc (ADR) (NYSE:HSBC) is a British banking and financial services holding company. Founded in Hong Kong (then a British colony) in 1865 as a bank to finance trade between Europe and Asia, the bank now bases itself in London. Today, it provides banking and wealth management services to clients in 67 countries and territories across the world.Although revenue has seen years of decline, it has begun to rebound. Moreover, the price-earnings (P/E) ratio of HSBC stock is currently at 16.This level of profit growth should bode well for its dividend. Its current dividend stands at $2 per share. * 10 Monster Growth Stocks to Buy for 2019 and Beyond New York Community Bancorp (NYCB)Div. Yield: 5.75%New York Community Bancorp (NYSE:NYCB) holds about $49.7 billion in assets and operates branches throughout metro New York City, as well as Arizona, Florida and Ohio.Like with many bank stocks that pay high dividends, investors should not buy NYCB stock in hopes of stock price growth. Both revenue growth and profit growth remain negligible. Its current P/E ratio stands at about 15.NYCB has maintained an annual dividend of 68 cents per share since 2016. This represents a cut from $1 per share per year, a level it had maintained for several years. However, with forecasted profits for 2019 at 80 cents per share, the current dividend of 68 cents per share places the bank on a more solid footing. Even with its lowered dividend, the dividend yield stands at an attractive level for income-oriented investors. Source: Shutterstock Oritani Financial (ORIT)Div. Yield: 5.87%Unlike most bank stocks with high dividend yields, Oritani Financial Corp (NASDAQ:ORIT) exhibits some degree of growth. The commercial bank, which is based in Washington, New Jersey, saw its stock price fall to a low of $6.37 per share in 2009. Now trading around $16.80 per share, both its stock price and its dividend saw huge increases as the stock emerged from the depths of the financial crisis.Those who bought near the 2009 low and held have also enjoyed massive dividend growth. The annual dividend in 2009 stood at 18 cents per share. By 2015, that dividend had grown to $1.20 per share. Though current conditions have forced the current annual dividend down to $1 per share, investors have still enjoyed both stock price and dividend growth over time.In the near term, it appears most of the benefits will come from the dividend. If the 2019 earnings projection of $1.10 per share holds, that places the forward P/E at around 14. Hence the stock trades near its average multiple. With 2020 profits expected to come in at $1.05 per share, the stock lacks the catalyst to energize growth. * 10 Monster Growth Stocks to Buy for 2019 and Beyond However, some ORIT stock investors may want only the dividend. Buyers who have time to wait on stock growth still should do well. Hence, investors wanting a high dividend and long-term growth should receive both from ORIT if they can exercise patience. Source: Shutterstock Westpac Banking Corp (WBK)Div. Yield: 7.04%As Australia's oldest bank, Westpac Banking Corp (NYSE:WBK) has enjoyed an enormous first-mover advantage Down Under. The institution makes consumer and business loans as well as providing wealth management throughout Australia and New Zealand.The bank has leveraged an extensive network and a high credit rating to bolster both revenue and profit growth. Unlike many banks that pay high dividends, it has grown revenue and earnings consistently for several years. Although the stock has traded in a range since soon after the financial crisis, that might change in time. Over the last five years, revenues have increased by about 3.6% per year. While earnings may have fluctuated, they increased on average by just over 6.1% per year over the same period. As a result, the stock has fallen to an 11.07 P/E ratio. The average P/E over the last five years has stood at 14.2, indicating growth could come.As for the dividend, payment in Australian dollars has led to slight fluctuations. With that movement, the annual dividend currently comes in at $1.35 per share. Investors must endure some currency risk with this dividend. Still, with a yield of over 7% and the potential for stock growth, a little currency risk yields a substantial amount of reward.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Are These 7 Dividend Aristocrats ETFs Fit for a King? * 7 of the Best Emerging Markets Stocks to Buy * 5 Gold Stocks That Should Glitter in 2019 Compare Brokers The post 5 Bank Stocks That Pay Big Dividends to Shareholders appeared first on InvestorPlace.

  • Asia shares lower, most markets closed for Lunar New Year
    Associated Press12 days ago

    Asia shares lower, most markets closed for Lunar New Year

    Shares are lower in most markets open in Asia with much of the region taking a break for the Lunar New Year. Shares edged lower in Japan and India on Tuesday but surged 2.1 percent in Australia following ...

  • Moody's12 days ago

    Series 2013-2 WST Trust -- Moody's affirms eight WST RMBS transactions

    Moody's Investors Service has today affirmed all 16 rated notes from eight WST RMBS transactions. On 1 February 2019, Westpac Securitisation Management Pty Limited (as trust manager for the eight WST RMBS transactions) advised noteholders that it is likely that some loans to borrowers who were not Australian residents as at the relevant cut-off date have been sold into the eight WST RMBS transactions. Such loans do not meet the eligibility criteria for the WST RMBS transactions.

  • Australia vows to clean up financial sector after landmark misconduct inquiry
    Reuters12 days ago

    Australia vows to clean up financial sector after landmark misconduct inquiry

    A special government-appointed inquiry excoriated Australia's financial sector for misconduct on Monday, referring two dozen cases to regulators for possible legal action but leaving the structure of the country's powerful banks in place. Regulators will be subjected to a new oversight body and the financial industry's pay will be overhauled to remove conflicts of interest, according to the recommendations of the so-called Royal Commission. The recommendations come after the public inquiry heard 11 months of shocking revelations of the financial industry's wrongdoing, including that fees were charged to the accounts of dead people and that cash bribes were paid over the counter to win mortgage business, wiping A$60 billion from the country's top finance stocks.

  • Reuters12 days ago

    Instant View - Australia releases financial sector inquiry report

    Australia's corporate regulators will be subjected to a new oversight body in a shake-up of the banking sector recommended on Monday by a high-powered independent inquiry into financial sector greed and malpractice. The government-appointed inquiry known as a Royal Commission also advised in its landmark report that remuneration structures across the industry be overhauled to remove systemic conflicts of interest. The commission's recommendations were released by the government after 11 months of shocking revelations of financial wrongdoing which wiped A$60 billion (33.22 billion pounds) from the country's top finance stocks.

  • Reuters12 days ago

    Australia bank inquiry does not recommend individual criminal charges

    SYDNEY (Reuters) - A powerful public inquiry into Australia's finance industry referred 24 instances of bad corporate behaviour to regulators for possible prosecution but did not suggest any individuals ...

  • Reuters13 days ago

    Australian Treasurer says bank inquiry to end industry uncertainty

    Australian Treasurer Josh Frydenberg on Monday said the final report of a wide-scale inquiry into the banking system would end uncertainty hanging over an industry that was "a key artery" of the economy through the provision of credit. Speaking at a news conference after the release of the Royal Commission report into banking misconduct, Frydenberg said the principle focus of the government was to restore trust in the financial system while maintaining the flow of credit to the economy.

  • Reuters13 days ago

    Australian banking inquiry recommends new watchdog for regulators

    Australia's corporate and prudential regulators must undergo regular, rigorous assessments under an independent oversight body, a powerful review of the country's banking sector recommended in its long-anticipated final report on Monday. The move, aimed at strengthening the accountability of the country's two main regulators, comes after the year-long review found many instances of lax oversight or inadequate responses to poor conduct by financial services providers. In the 496-page document, Commissioner Kenneth Hayne said the new body, independent of the government, will have sweeping powers to conduct inspections of either regulator at will, issue notices to them to produce documents and deliver regular reviews.

  • Moody's13 days ago

    Series 2008-1M WST Trust -- Moody's: No rating impact on Series 2008-1M WST Trust following amendment

    Moody's Investors Service says that the execution of the Series 2008-1M WST Trust Amendment Deed 2019-1 and the substitution of AUD4.0 billion of mortgage loans into Series 2008-1M WST Trust (the Amendment) on 4 February 2019 will not, in and of itself and at this time, result in the downgrade or withdrawal of the current ratings of the Class A1 and Class B Notes issued by the above mentioned trust. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. Moody's has determined that the Amendment in and of itself and at this time, will not result in the downgrade or withdrawal of the ratings of the Class A1 and Class B Notes.

  • Should You Be Concerned About Westpac Banking Corporation’s (ASX:WBC) Liquidity?
    Simply Wall St.14 days ago

    Should You Be Concerned About Westpac Banking Corporation’s (ASX:WBC) Liquidity?

    Want to help shape the future of investing tools? Participate in a short research study and receive a subscription valued at $60. Post-GFC recovery has driven major financial institutions’ return Read More...

  • The Pound's Bad Day Could Have Been Much Worse
    Bloomberg18 days ago

    The Pound's Bad Day Could Have Been Much Worse

    While sterling slipped on Tuesday after lawmakers rejected the latest Brexit plan, the currency remains within 1 percent of a three-month high set last week. “People seem optimistic today but in reality though, sterling’s going to find it hard work to stay above $1.32,” said Jeffrey Halley, senior market analyst at Oanda Corp. in Singapore.

  • Westpac Banking Corporation (ASX:WBC) Is Trading At A 24.17% Discount
    Simply Wall St.last month

    Westpac Banking Corporation (ASX:WBC) Is Trading At A 24.17% Discount

    WBC operates in the banking industry, which has characteristics that make it unique compared to other sectors. Understanding these differences is crucial when it comes to putting a value on Read More...

  • Is Westpac Banking Corporation  (WBK) A Good Stock To Buy?
    Insider Monkey2 months ago

    Is Westpac Banking Corporation (WBK) A Good Stock To Buy?

    "Market conditions are changing. The continued rise in interest rates suggests we are in the early stages of a bond bear market, which could intensify as central banks withdraw liquidity. The receding tide of liquidity will start to reveal more rocks beyond what has been exposed in emerging markets so far, and the value of […]

  • Reuters2 months ago

    Australian court dismisses regulator claim against Westpac

    Australia's Westpac Banking Corp did not breach its licence during a drive to boost its pension funds, an Australian court found on Friday, dismissing a regulator's claim even as it chided the bank for failing to treat its customers honestly. The Federal Court found that Westpac's sales campaign in 2014 that involved contacting customers and asking them to shift superannuation funds into the company's accounts did not amount to providing financial advice against licence conditions. The ruling is a blow for the Australian Securities and Investments Commission (ASIC), which is already under pressure for allowing bad behaviour to proliferate following damaging revelations of misconduct at a recently concluded inquiry into the financial sector.

  • Reuters2 months ago

    AustralianSuper to cast protest vote against bank pay plans

    Australia's largest pension fund, AustralianSuper, said it will vote against the executive pay of three of the country's biggest banks, in a show of the investment community's souring attitude towards the sector following a year-long misconduct probe. Westpac Banking Corp (WBC.AX), the country's second-largest lender, would be first to receive AustralianSuper's protest vote at its annual shareholder meeting on Wednesday. The pension fund said it would also vote against the executive pay plans of Australia and New Zealand Banking Group Ltd (ANZ.AX) and National Australia Bank Ltd (NAB.AX) in the coming weeks.

  • Moody's2 months ago

    Moody's: Australian major banks' asset quality to weaken moderately in 2019 on the back of higher home loan delinquencies

    Moody's Investors Service says that housing loan delinquencies for Australia's four major banks continued to grow in the 12 months to 30 September 2018, although arrears remain at low levels. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. "We expect that delinquencies on residential mortgages will rise moderately in 2019 from the current low base," says Daniel Yu, a Moody's Vice President and Senior Analyst.

  • GuruFocus.com3 months ago

    Stocks That Fell to 3-Year Lows in the Week of Nov. 23

    AT&T Inc. (NYSE:T), Altria Group Inc. (MO), Gilead Sciences Inc. (GILD) and Westpac Banking Corp. (WBK) have declined to their three-year lows. Prevas will use AT&T's IoT solutions to help its customers more easily access their smart operations and services.

  • Moody's3 months ago

    Crusade ABS Series 2015-1 Trust -- Moody's upgrades two classes of notes from Crusade ABS Series 2015-1 Trust

    Moody's Investors Service has today upgraded the ratings on the Class C and Class E Notes issued by Crusade ABS Series 2015-1 Trust. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. The upgrade was prompted by the increase in credit enhancement levels of Class C and Class E Notes from sequential pay, and the better default and loss performance compared with our initial assumptions.

  • Australian court rejects regulator's record fine against Westpac
    Reuters3 months ago

    Australian court rejects regulator's record fine against Westpac

    An Australian court refused on Tuesday to approve a record A$35 million ($25 million) fine imposed on Westpac Banking Corp (WBC.AX) by the corporate regulator for using inappropriate calculations to determine if customers could afford home loans. The decision is a further blow to the Australian Securities and Investments Commission (ASIC), after a public inquiry into the financial sector found it had failed to stop systemic wrongdoing by the major banks. ASIC's announcement in September that Westpac had agreed to pay the fine was seen as a badly needed victory for the regulator as it attempts to rebuild its reputation as a tough cop on the beat.

  • Will Westpac Banking Corporation’s (ASX:WBC) Earnings Grow Over The Next Year?
    Simply Wall St.3 months ago

    Will Westpac Banking Corporation’s (ASX:WBC) Earnings Grow Over The Next Year?

    On 30 September 2018, Westpac Banking Corporation (ASX:WBC) announced its earnings update. Overall, it seems that analyst forecasts are fairly optimistic, with earnings expected to grow by 4.7% in the Read More...