|Bid||0.000 x 70000|
|Ask||0.000 x 70000|
|Day's Range||21.841 - 21.841|
|52 Week Range||19.188 - 25.659|
|PE Ratio (TTM)||N/A|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Goldman Sachs has raised its rating on Australian lender Westpac (WBC.AU) to buy from neutral, arguing investors have too heavily discounted the impact of tougher regulations. The Australian Prudential Regulation Authority (APRA) implemented new rules restricting interest-only loans to less than 30% of residential mortgage lending. Westpac is the most exposed of Australia's big four banks to interest-only loans, with around 50% of its domestic loan book being interest-only compared to 40% among its big rivals.
The trial saw ANZ and Westpac, in partnership with IBM and shopping centre operator Scentre Group, digitise the bank guarantee process used for commercial property leasing using the blockchain.
Rating Action: Moody's assigns definitive ratings to Westpac's Series 2017- C3 and 2017- C4 mortgage covered bonds. Global Credit Research- 31 May 2017. Sydney, May 31, 2017-- Moody's Investors Service ...