WBK - Westpac Banking Corporation
| Previous Close | 18.41 |
| Open | 18.10 |
| Bid | 17.35 x 900 |
| Ask | 0.00 x 3000 |
| Day's Range | 17.79 - 18.10 |
| 52 Week Range | 17.79 - 25.59 |
| Volume | 672,272 |
| Avg. Volume | 426,430 |
| Market Cap | 62.108B |
| Beta (3Y Monthly) | 1.08 |
| PE Ratio (TTM) | 10.55 |
| EPS (TTM) | 1.70 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 1.35 (7.35%) |
| Ex-Dividend Date | 2018-11-09 |
| 1y Target Est | 20.49 |
- Reuters•yesterday
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's•6 days 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.com•16 days 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's•28 days 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.
Reuters•28 days agoAustralian 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.
- Simply Wall St.•last month
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...
Reuters•last monthAustralia's Westpac fined $2.4 million in rate case, fraction of penalty sought
Westpac Banking Corp (WBC.AX) won vindication of its decision to fight accusations its conduct in handling of a key rate was unconscionable as an Australian court fined it A$3.3 million ($2.4 million), far less than the sum sought by a regulator. A federal court judge largely cleared Westpac in May of accusations it interfered with negotiations for an important internal price-setting measure called the Bank Bill Swap Rate (BBSW), but said its actions still amounted to unconscionable conduct. The bank and the Australian Securities and Investments Commission (ASIC) have since been haggling in court over Westpac's fine, and on Friday the judge rejected the regulator's argument that the bank be made to pay A$58 million.
- Simply Wall St.•last month
Westpac Banking Corporation (ASX:WBC) Will Pay AU$0.94 In Dividends
Important news for shareholders and potential investors in Westpac Banking Corporation (ASX:WBC): The dividend payment of AU$0.94 per share will be distributed to shareholders on 20 December 2018, and the Read More...
- Thomson Reuters StreetEvents•last month
Edited Transcript of WBC.AX earnings conference call or presentation 4-Nov-18 11:00pm GMT
Full Year 2018 Westpac Banking Corp Earnings Call
- Simply Wall St.•last month
Westpac Banking Corporation (ASX:WBC): Are Analysts Bullish?
In September 2018, Westpac Banking Corporation (ASX:WBC) released its most recent earnings announcement, which indicated that the business benefited from a slight tailwind, leading to a single-digit earnings growth of Read More...
- Business Wire•last month
Westpac Banking Corporation Releases Its 2018 Annual Review and Sustainability Report, and 2018 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, 2018 on November 7, 2018 .
- GuruFocus.com•last month
Stocks That Fell to 3-Year Lows in the Week of Oct. 26
AT&T Inc. (NYSE:T), Allergan PLC (ACT), General Electric Co. (GE), and Westpac Banking Corp. (WBK) have declined to their three-year lows. The prices of AT&T Inc. (NYSE:T) shares have declined to $29.09 on Oct. 26, which is only 0.1% above the 3-year low of $29.07. AT&T Inc. an American multinational telecommunications conglomerate that is the second largest provider of mobile telephone services and the largest provider of fixed telephone services in the United States.
- InvestorPlace•2 months ago
5 Bank Stocks That Pay Big Dividends to Shareholders
The banking sector — and bank stocks — saw an intriguing reversal in the 21st century. Beginning in the early 2000’s, interest-rate cuts gave bank stock investors dividend yields that exceeded the rates depositors earned in interest.
- GuruFocus.com•2 months ago
Stocks That Fell to 3-Year Lows in the Week of Oct. 5
Anheuser-Busch InBev (BUD), Westpac Banking Corp. (WBK), Liberty Global PLC (LBTYK), and WPP PLC (WPP) have declined to their three-year lows. The prices of Anheuser-Busch InBev (BUD) shares have declined to $86.65 on Oct. 5, which is only 1.7% above the 3-year low of $85.14. Warning! GuruFocus has detected 4 Warning Signs with BUD.
- Reuters•2 months ago
Australia's Westpac to sell funds management arm to Generation Development Group
Sept 28 (Reuters) - Westpac Banking Corp said on Friday it had agreed to sell funds management business Ascalon Capital Managers to Generation Development Group. The lender said in an announcement that ...
- GuruFocus.com•3 months ago
Stocks That Fell to 3-Year Lows in the Week of Sept. 14
Philip Morris International Inc. (PM), British American Tobacco PLC (BTI), Westpac Banking Corp. (WBK) and National Grid PLC (NGG) have declined to their three-year lows. The prices of Philip Morris International Inc. (PM) shares have declined to $79.33 on Sept. 14, which is only 3.9% above the 3-year low of $76.21. Philip Morris International Inc. is an American international cigarette and tobacco manufacturing company best known for its Marlboro brand.
- Moody's•3 months ago
National Australia Bank Limited -- Moody's: Australia's major banks support profitability by raising home loan rates, a credit positive
Moody's Investors Service says that the latest home loan rate increases by Australia's major banks are credit positive, because they will help mitigate the negative effects of rising wholesale funding costs, slower credit growth, and higher regulatory and compliance costs. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS.
- Simply Wall St.•3 months ago
Real Risks You Need To Know Before Investing In Westpac Banking Corporation (ASX:WBC)
Large banks such as Westpac Banking Corporation (ASX:WBC), with a market capitalisation of AU$95.25b, have benefited from improving credit quality as a result of post-GFC recovery, leading to a strongRead More...
- Reuters•3 months ago
Australia's Westpac fined for bad mortgage system amid bank inquiry
Australia's Westpac Banking Corp agreed to pay a record A$35 million ($25 million) fine for wrongly approving thousands of mortgages, in a sign regulators are taking steps to tame the financial sector amid damaging revelations from an inquiry. The ASIC has previously also taken action against units of Goldman Sachs and wealth management giant AMP Ltd, while charging Citigroup with rigging a capital raising.
Reuters•3 months agoAustralia's central bank on hold as economy set to seal 27 years without recession
Australia's central bank entered its third year of policy stability on Tuesday, and a change seems no nearer even as its commercial cousins nudge up their home loan rates to protect profit margins. The Reserve Bank of Australia (RBA) ended its September board meeting with rates held at an all-time low of 1.50 percent and signalling a steady policy ahead. "In the first half of 2018, the economy is estimated to have grown at an above-trend rate," Lowe said.
- Bloomberg•3 months ago
Westpac Admits Lending Breaches, Settles for $25 Million Penalty
Westpac Banking Corp. agreed to pay a A$35 million ($25 million) civil penalty after admitting it breached responsible-lending laws by failing to properly assess whether some customers could afford to repay their mortgages. In a settlement ahead of court, the regulator said in a statement that Westpac’s automated loan approval system had failed to use customers’ actual living expenses when assessing affordability and instead relied on a lower benchmark. “This outcome is a warning to all lenders that they must comply with the responsible lending obligations,” Australian Securities & Investments Commission Chairman James Shipton said.
- Reuters•3 months ago
Australia's Westpac accepts fine for wrongly processing home loans
Australia's second-biggest lender Westpac Banking Corp (WBC.AX) agreed to pay a A$35 million (19.4 million pounds) fine after admitting to wrongly assessing people's ability to repay mortgages, the corporate regulator said on Tuesday. Westpac admitted to either failing to collect the necessary customer data or incorrectly calculating customers' ability to repay loans in relation to about 100,000 home loans from 2011 to 2015, the Australian Securities and Investments Commission said. "This is a very positive outcome and sends a strong regulatory message to industry that non-compliance with the responsible lending obligations will not be tolerated," ASIC chairman James Shipton said in a statement.
