AllAnalyst Report
logoMorningstarOctober 20, 2020

Westpac Banking Corporation: Westpac Agreement with Afterpay Is a Positive, but Not Expected to Deliver Material Earnings Uplift

Symbols
WBK
Sector(s)
Financial Services
Rating
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Current Price
$15.18
Fair Value
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Economic Moat
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Stewardship
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Summary

Westpac is Australia's oldest bank and financial services group, with a significant franchise in Australia and New Zealand in the consumer, small business, corporate, and institutional sectors, in addition to its major presence in wealth management. Westpac is among a handful of banks around the globe currently retaining very high credit ratings, and ranks third in assets across the four major Australian banks. The bank benefits from a large national branch network and significant market share, particularly in home loans and retail deposits.

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