WBK - Westpac Banking Corporation
| Previous Close | 22.33 |
| Open | 22.26 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 22.05 - 22.26 |
| 52 Week Range | 21.73 - 26.72 |
| Volume | 255,978 |
| Avg. Volume | 276,025 |
| Market Cap | 75.36B |
| Beta | 1.30 |
| PE Ratio (TTM) | 12.56 |
| EPS (TTM) | 1.76 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 1.44 (6.46%) |
| Ex-Dividend Date | 2017-11-10 |
| 1y Target Est | 25.76 |
- Reuters•22 hours ago
Lost home, fees for the dead - Australia banking inquiry hears testimony
An Australian inquiry into the financial services sector heard tearful testimony on Thursday from a nurse who lost her home after taking advice from a major lender, and that the country's biggest bank knowingly charged dead clients for counsel. The testimony was among the most personal yet at the Royal Commission that has already resulted in startling admissions of bad behaviour by firms. Government data prepared for the inquiry shows over 80,000 consumers have been given bad advice over the past decade, costing them a total A$5 billion (£2.7 billion).
- Moody's•15 days ago
Series 2008-1M WST Trust -- Moody's: No rating impact on Series 2008-1M WST Trust after collateral substitution
Moody's Investors Service announced today that the substitution of AUD4 billion of mortgage loans into Series 2008-1M WST Trust on 5 April 2018 (the Substitution) will not, in and of itself and at this ...
- Simply Wall St.•23 days ago
Have Investors Priced In Westpac Banking Corporation’s (ASX:WBC) Growth?
Today we’re going to take a look at the well-established Westpac Banking Corporation (ASX:WBC). The company’s stock saw significant share price volatility over the past couple of months on theRead More...
- Reuters•29 days ago
MOVES- Westpac Banking, Citigroup, StanChart
The following financial services industry appointments were announced on Wednesday. To inform us of other job changes, email moves@thomsonreuters.com. CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK Chris ...
- Reuters•last month
Australian inquiry turns up heat on Westpac's car-finance unit
Westpac Banking Corp's auto-finance business approved applications that contained no expense information, and relied heavily on the advice of car-yard managers when processing loans, an inquiry into Australia's financial sector heard on Wednesday. In Australia, 90 percent of car sales are arranged through finance organised by dealerships and lenders, according to the inquiry, with new finance commitments for vehicles last year totalling A$35.7 billion ($27.5 billion).
- Reuters•last month
Australian banking inquiry hears Westpac mis-sold auto-finance
Westpac Banking Corp's auto-finance business approved applications that contained no expense information, and relied heavily on the advice of car-yard managers when processing loans, an inquiry into Australia's financial sector heard on Wednesday. In Australia, 90 percent of car sales are arranged through finance organised by dealerships and lenders, according to the inquiry, with new finance commitments for vehicles last year totalling A$35.7 billion ($27.5 billion).
- Reuters•last month
Australian inquiry hears CBA knew risks but put mortgage 'volume' ahead of customers
Commonwealth Bank of Australia Chief Executive Ian Narev knew that a system of financial incentives to reward mortgage brokers could hurt customers but failed to act, an inquiry into Australia's financial sector heard on Thursday. A confidential letter penned by Narev in 2017 and disclosed on the third day of the financial sector Royal Commission criticised the practice of paying brokers more for bigger loans, an incentive still widely in place including at CBA.
- Reuters•last month
NAB under fire as Australian banking inquiry opens
The first day of a powerful judicial inquiry into Australia's scandal-ridden banking sector on Tuesday heard National Australia Bank Ltd issued almost $19 billion in home loans under a scheme involving falsified documents. It was the first bombshell of what promises to be an explosive year-long inquiry into the financial sector and especially the "Big Four" banks, which dominate the country's A$1.7 trillion ($1.36 trillion) mortgage market. Rowena Orr, a barrister assisting the Royal Commission inquiry in Melbourne, said NAB had derived more than A$24 billion ($18.9 billion) in home loans from the scheme between 2013 and 2016, when the misconduct took place.
- Reuters•last month
Australian probe of bank-sector misconduct begins with focus on home loans
An Australian government-backed inquiry into misconduct by the country's major banks is scheduled to begin its first round of public hearings on Tuesday, focusing on residential mortgages, car finance, credit cards and add-on insurance products. The long-awaited Royal Commission follows years of scandals in Australia's financial sector including poor financial advice, interest-rate rigging, and accusations of breaking money-laundering rules.
- Reuters•2 months ago
RBNZ leans towards ramped up capital reporting requirements for banks - deputy governor
The Reserve Bank of New Zealand (RBNZ) said on Wednesday it was considering ramping up reporting requirements to make major Australian-owned banks' capital ratios more transparent. Deputy Governor Geoff Bascand told the country's banking association in a speech that the RBNZ, which acts as the banking regulator, thought transparency could improve as it reviews banks' capital requirements. "Even for the Reserve Bank, which has access to banks' modelling documentation and regularly meets with the big-4 banks' modelling teams, it is sometimes unclear how risk-weights have been arrived at," Bascand said.
- Reuters•2 months ago
Australia's CBA disputes regulator's new rate-manipulation allegations
Australia's biggest bank by market capitalisation added that it is reviewing details of the allegations lodged by the Australian Securities and Investments Commission against it that increase the number of occasions on which CBA is accused of trying to rig the bank bill swap reference rate (BBSW) in 2012 to six from three. The BBSW is the primary interest rate benchmark used in Australian financial markets to price home loans, credit cards and other financial products.
- Simply Wall St.•2 months ago
Westpac Banking Corporation (ASX:WBC) Delivered A Better ROE Than The Industry, Here’s Why
With an ROE of 13.04%, Westpac Banking Corporation (ASX:WBC) outpaced its own industry which delivered a less exciting 10.87% over the past year. Superficially, this looks great since we knowRead More...
- Reuters•2 months 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.
- Simply Wall St.•2 months ago
With An ROE Of 13.04%, Has Westpac Banking Corporation’s (ASX:WBCPC) Management Done A Good Job?
Westpac Banking Corporation (ASX:WBCPC) delivered an ROE of 13.04% over the past 12 months, which is an impressive feat relative to its industry average of 10.87% during the same period.Read More...
- Simply Wall St.•2 months ago
Want To Invest In Westpac Banking Corporation (ASX:WBCPC)? Here’s How It Performed Lately
Understanding how Westpac Banking Corporation (ASX:WBCPC) is performing as a company requires looking at more than just a years’ earnings. Today I will run you through a basic sense checkRead More...
- Simply Wall St.•2 months ago
ASX Stocks Of The Day
Deciding on which stock to invest in can be daunting – where do you begin? Though there are various aspects to take into account, the key fundamentals can be clusteredRead More...
- Reuters•2 months 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.
- Reuters•2 months 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.
- Reuters•2 months 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.
- Simply Wall St.•3 months ago
What You Should Know About Westpac Banking Corporation’s (ASX:WBC) Liquidity
As a large-cap stock with market capitalization of AUD A$105.14B, Westpac Banking Corporation (ASX:WBC) is classified as a major bank. As these large financial institutions revert back to health afterRead More...
- Simply Wall St.•3 months ago
Westpac Banking Corporation (ASX:WBCPC): Immense Growth Potential?
The most recent earnings release Westpac Banking Corporation’s (ASX:WBCPC) announced in September 2017 signalled that the company experienced a slight tailwind, eventuating to a single-digit earnings growth of 7.31%. TodayRead More...
- Simply Wall St.•3 months ago
Are You Considering All The Risks For Westpac Banking Corporation’s (ASX:WBC)?
Improving credit quality as a result of post-recession recovery has led to a strong growth environment for financial institutions. Large banks such as Westpac Banking Corporation (ASX:WBC), with a marketRead More...
- Moody's•3 months ago
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 ...
