WBK - Westpac Banking Corporation

NYSE - NYSE Delayed price. Currency in USD
22.00
-0.14 (-0.63%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous close22.14
Open21.98
Bid0.00 x 800
Ask0.00 x 1000
Day's range21.85 - 22.00
52-week range20.52 - 26.38
Volume184,280
Avg. volume271,165
Market cap77.54B
Beta1.32
PE ratio (TTM)12.59
EPS (TTM)1.75
Earnings dateN/A
Forward dividend & yield1.41 (6.32%)
Ex-dividend date2018-05-16
1y target est21.78
Trade prices are not sourced from all markets
  • Westpac's Callow Is Less Optimistic on Dollar
    Bloomberg Video2 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."

  • Globe Newswire6 days ago

    Westpac BNP Paribas Primary New Issues: NO STAB Notice

    Date:   9th July 2018

  • A Holistic Look At Westpac Banking Corporation (ASX:WBC)
    Simply Wall St.24 days 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...

  • Reuterslast month

    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.

  • Where Westpac Banking Corporation (ASX:WBC) Stands In Terms Of Earnings Growth Against Its Industry
    Simply Wall St.last month

    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...

  • Reuters2 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.

  • Westpac Cleared of Rate-Rigging, Though It Tried, Court Says
    Bloomberg2 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.

  • Reuters2 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.

  • Australia's Westpac hires complaints head amid damaging inquiry
    Reuters2 months ago

    Australia'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.

  • Australia's banks face year of reckoning as inquiry shreds trust
    Reuters2 months ago

    Australia'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.

  • Westpac’s Safe House Has Shifting Foundations
    Bloomberg2 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.

  • Reuters3 months 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).

  • Business Wire3 months ago

    FRN Variable Rate Fix

    LONDON--(BUSINESSWIRE)-- As Agent Bank, please be advised of the following rate determined on: 4/18/2018 Issue ¦ Westpac Banking Corporation - Series 2018-C3 GBP 500,000,000 FRN due January 2023   ISIN ...

  • Reuters5 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.

  • Reuters5 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.

  • Reuters5 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.

  • Reuters5 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.

  • Business Wire6 months ago

    FRN Variable Rate Fix

    LONDON--(BUSINESSWIRE)-- As Agent Bank, please be advised of the following rate determined on: 1/18/2018 Issue ¦ Westpac Banking Corporation - Series 2018-C3 GBP 500,000,000 FRN due January 2023   ISIN ...

  • Business Wire8 months ago

    Westpac Banking Corporation Releases Its 2017 Annual Review and Sustainability Report, and 2017 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, 2017 on November 8, 2017 .

  • Westpac Bank annual net profit jumps seven percent
    AFP8 months ago

    Westpac Bank annual net profit jumps seven percent

    Westpac's Aus$7.99 billion (US$6.11 billion) result in the year to September 30 rounded out annual reporting from three of the nation's big four banks, with all of them growing their business

  • Westpac CEO Hartzer Says Policy Mess Is Hitting Investment
    Bloomberg8 months ago

    Westpac CEO Hartzer Says Policy Mess Is Hitting Investment

    Westpac Banking Corp. Chief Executive Officer Brian Hartzer said the outlook for the financial industry is becoming more challenging and called on the Australian government to fix a range of policy messes ...

  • Reuters8 months ago

    Westpac agrees on Hastings fund management sale to UK firm

    Hastings currently manages about A$12.6 billion ($9.68 billion) in funds, the company said. The company had also been in talks with property manager Charter Hall Group (CHC.AX) regarding the sale of Hastings, but it ceased discussions in August.

  • National Australia Bank axes 6,000 jobs as annual profit jumps
    AFP8 months ago

    National Australia Bank axes 6,000 jobs as annual profit jumps

    National Australia Bank chief executive Andrew Thorburn said the entire banking industry was under pressure to reshape its workforce

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