WBK - Westpac Banking Corporation
| Previous Close | 21.70 |
| Open | 21.64 |
| Bid | 0.00 x 28000 |
| Ask | 0.00 x 800 |
| Day's Range | 21.56 - 21.75 |
| 52 Week Range | 20.52 - 26.38 |
| Volume | 197,606 |
| Avg. Volume | 255,939 |
| Market Cap | 78.529B |
| Beta | 1.32 |
| PE Ratio (TTM) | 12.44 |
| EPS (TTM) | 1.75 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 1.41 (6.32%) |
| Ex-Dividend Date | 2018-05-16 |
| 1y Target Est | 21.78 |
- Moody's•4 hours ago
Australia and New Zealand Banking Grp. Ltd. -- Moody's: APRA's proposed revisions to Australian bank capital framework are credit positive
Moody's Investors Service says that the Australian Prudential Regulation Authority's (APRA) release of a discussion paper proposing two options to improve the transparency, comparability and flexibility of Australia's bank capital framework would be credit positive because each would improve the comparability of the banks' capitalisation to their global peers. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS.
- Moody's•5 hours ago
Liberty Series 2018-1 SME Trust -- Moody's assigns definitive ratings to Liberty's 2018-1 SME transaction
Moody's Investors Service ("Moody's") has assigned the following definitive long-term ratings to the Notes issued by Liberty Funding Pty Ltd in respect of the Liberty Series 2018-1 SME. The transaction is a securitisation of mortgage loans to self-managed superannuation funds (SMSFs), small-to-medium-sized enterprises (SMEs) and individuals, originated by Liberty Financial Pty Limited (Liberty, unrated).
- Reuters•10 days ago
NAB in crosshairs as inquiry turns sights on Australian pension funds
National Australia Bank (NAB.AX) will compensate thousands of pension fund customers who had paid for advice they did not receive, Australia's financial-sector inquiry heard on Monday as it turned its sights on the pension industry. The first day of hearings into Australia's A$2.6 trillion (£1.46 trillion) pension system heard that a unit of NAB, the country's fourth-largest bank, had charged customers "plan service fees" for advice they did not receive. The misconduct occurred between 2012 and 2017 and affected more than 220,000 customers, barrister assisting the inquiry, Michael Hodge, said.
- Reuters•13 days ago
Disconnect between fees and performance in focus as Australian pension funds face inquiry
Just two of Australia's 30 highest fee-charging pension funds are ranked in the country' top 30 performing funds, according to a Reuters analysis, a disconnect likely to come under scrutiny when managers face a powerful inquiry into financial misconduct which restarts on Monday. Managers of nearly a third of Australia's $2 trillion (£1.54 trillion) in retirement savings will have their performance scrutinised at the so-called Royal Commission into financial misconduct, which has already roiled the banking and funds management industry. Concerns over fees and performance have generated a groundswell of consumer disquiet in Britain and the United States about the vague language retirement funds use to justify lacklustre performance.
- Bloomberg•22 days ago
China Authorities See Downside Growth Risks, Westpac's Cheung Says
Frances Cheung, Westpac's head of Asia strategy, discusses China's fiscal stimulus with Bloomberg's Yvonne Man and Ramy Inocencio on "Bloomberg Daybreak: Asia." (Source: Bloomberg)
- Kiplinger•23 days ago
5 Bank Stocks That Pay Big Dividends to Shareholders
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. Fortunately, some banks pay the 5+% returns comparable to bank and CD rates in the 20th century. These 5 stocks show that earning substantial cash payouts from banks remains possible -- if investors take a chance on bank stocks. SEE ALSO FROM KIPLINGER: 10 of the Best Financial Stocks to Buy Now
- Reuters•23 days ago
MOVES-Australia's Westpac names former senior HSBC banker to its board
HONG KONG, July 24 (Reuters) - Australia's second-biggest lender Westpac Banking Corp said on Tuesday it had appointed Anita Fung, a former senior banker with HSBC Holdings Plc, to its board as an independent ...
- Moody's•last month
Moody's: Australia's proposal to curb risky credit card lending is credit positive for banks
Moody's Investors Service says that measures proposed by the Australian Securities and Investments Commission (ASIC) to limit unsuitable credit card lending would help reduce asset quality risk at the country's banks, a credit positive. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. "We expect banks will review their credit card lending practices, with a particular focus on improving debt serviceability and reducing the number of borrowers with persistent loan balances on high interest rate products," says Si Chen, a Moody's Associate Analyst.
- 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. 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.
- Simply Wall St.•2 months ago
A Holistic Look At Westpac Banking Corporation (ASX:WBC)
Attractive stocks have exceptional fundamentals. In the case of Westpac Banking Corporation (ASX:WBC), there’s is a dependable dividend payer that has been able to sustain great financial health over theRead More...
- Investopedia•2 months ago
3 ETFs to Benefit From China's Tariff Retaliations
A trade war between the U.S. and China looks inevitable. Discover three country ETFs that look set to benefit from China's retaliatory tariffs.
- Moody's•2 months ago
Auswide Bank Ltd -- Moody's assigns Counterparty Risk Ratings to 24 Australian banks and foreign branches
Moody's Investors Service ("Moody's") has today assigned Counterparty Risk Ratings (CRRs) to 24 banks in Australia indicated at the end of this press release. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. Moody's Counterparty Risk Ratings are opinions of the ability of entities to honour the uncollateralized portion of non-debt counterparty financial liabilities (CRR liabilities) and also reflect the expected financial losses in the event such liabilities are not honoured.
- Reuters•2 months ago
Australian regulator sues Westpac for staffer's poor financial advice
An Australian regulator filed a lawsuit against No. 2 lender Westpac Banking Corp over a financial planner it alleges gave poor advice for years, upping its scrutiny of a sector already under fire amid an embarrassing public inquiry. Australia's A$5 billion ($3.7 billion) financial planning sector has provided some of the most damning evidence at an inquiry into finance sector misconduct, ordered by the government after a string of banking scandals including fraud. Amid the backlash, the Australian Securities and Investments Commission (ASIC) on Friday said it filed a Federal Court lawsuit alleging that Westpac was liable for a financial planner in its employment failing to act in the best interests of customers, as well as for the planner's inappropriate financial advice and failure to prioritise the client interests.
- Simply Wall St.•2 months ago
Where Westpac Banking Corporation (ASX:WBC) Stands In Terms Of Earnings Growth Against Its Industry
Measuring Westpac Banking Corporation’s (ASX:WBC) track record of past performance is a useful exercise for investors. It enables us to understand whether or not the company has met or exceedRead More...
- Reuters•3 months ago
Australia's Westpac cleared of rate rigging but bank inquiry sword stays
Australia's Westpac Banking Corp (WBC.AX) was cleared by a court of accusations it rigged a key rate to boost profit, but the win on Thursday against a regulator was dampened by an additional finding of unconscionable conduct by the bank. The mostly favourable ruling for the No. 2 Australian lender was a rare bright spot for an industry facing daily allegations of malfeasance and fraud in a year-long public inquiry that has wiped billions of dollars from companies' market values. It also puts pressure on the Australian Securities and Investments Commission (ASIC), which brought the case against Westpac, to step up its policing.
- Moody's•3 months ago
Australia and New Zealand Banking Grp. Ltd. -- Moody's: Australia's major banks report steady results, but challenges apparent
Moody's Investors Service says that Australia's four major banks reported steady results in their latest earnings announcements, but that pockets of weakness are apparent in terms of higher mortgage arrears and ongoing margin pressure in their institutional businesses. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. "We expect tighter loan underwriting and a slowing housing market will see credit growth moderate over the next 18 months, which could further challenge their performance," says Daniel Yu, a Moody's Vice President and Senior Analyst.
- Bloomberg•3 months ago
Westpac Cleared of Rate-Rigging, Though It Tried, Court Says
Westpac Banking Corp. has been cleared of manipulating a key Australian interest rate, even though it did engage in “unconscionable conduct” in attempting to influence the rate, a court ruled. The Australian Securities & Investments Commission had claimed Westpac sought to influence the bank bill swap rate -- which is used to price more than A$10 trillion ($7.6 trillion) in derivatives -- to benefit its trading positions.
- Reuters•3 months ago
Westpac made blind pensioner a guarantor without risk advice, inquiry hears
Australia's Westpac Banking Corp (WBC.AX) admitted on Monday to signing up a legally blind pensioner as loan guarantor for her daughter's business without warning her of the risks, then threatened to evict her when the business failed. The testimony, given to a powerful inquiry into the country's financial sector, came as Australia's "big four" lenders all admitted to misconduct in their submissions to a third round of public hearings that focuses on loans to small businesses. Other transgressions included fraudulent loans and double-charging interest, the inquiry heard, a further hit to the sector's reputation after previous rounds of hearings uncovered widespread abuses in Australia's financial planning industry.
Reuters•3 months agoAustralia's Westpac hires complaints head amid damaging inquiry
No. 2 Australian lender Westpac Banking Corp (WBC.AX) said on Friday it had been "too slow" to resolve customer complaints and had created an executive role to handle them, as the country's financial sector responds to revelations of serious misconduct. Australia's biggest money managers have seen their shares pounded by a barrage of damaging allegations since February, when a Royal Commission inquiry began exposing their abuse of market power and contempt of customers. Among other flagrant abuses spanning the entire industry, the inquiry heard that Westpac had given a bonus to an employee for work he did with a retired couple who lost their home as a result of following his advice.
Reuters•3 months agoAustralia's banks face year of reckoning as inquiry shreds trust
When Australian mother Catherine racked up a A$1,500 credit card debt to spoil her three children at Christmas, she did not expect to be paying it off more than two decades later. It never reduced," said Catherine, who estimates she has paid the bank A$8,000 in fees, interest and debt payments. After Reuters contacted ANZ about Catherine's case, she said the bank offered to cancel her debt and pay her A$2,400.
- Thomson Reuters StreetEvents•3 months ago
Edited Transcript of WBC.AX earnings conference call or presentation 7-May-18 12:00am GMT
Half Year 2018 Westpac Banking Corp Earnings Presentation
- Moody's•3 months ago
Westpac Banking Corporation -- Moody's: Westpac's results for 1H 2018 show steady profit growth
Moody's Investors Service says that Westpac Banking Corporation's (Aa3/Aa3 stable, a2) results for the first half 2018 showed steady profit growth, driven by the strong performance of the bank's consumer and business divisions, while bad debt charges remained at exceptionally low levels. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. "The bank's balance settings and asset quality have also stayed very strong, but profitability -- while still healthy -- will face increasing challenges," says Daniel Yu, a Moody's Vice President and Senior Analyst.
- Bloomberg•3 months ago
Westpac’s Safe House Has Shifting Foundations
As Australia’s housing market goes, so goes Westpac Banking Corp. What’s more, while its big three competitors – including National Australia Bank Ltd. and Australia & New Zealand Banking Group Ltd. – have reduced their market share over the past year, Westpac has been expanding aggressively.
- Bloomberg Video•3 months ago
Westpac's Callow Is Less Optimistic on Dollar
May.28 -- Sean Callow, senior currency strategist at Westpac Banking Corp., discusses the U.S. dollar, the Fed and his outlook for emerging markets. He speaks on "Bloomberg Daybreak: Asia."
