Last A$32.90 AUD
Change Today +0.15 / 0.46%
Volume 3.1M
WBC On Other Exchanges
Symbol
Exchange
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OTC US
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As of 10:10 PM 12/23/14 All times are local (Market data is delayed by at least 15 minutes).

westpac banking corp (WBC) Snapshot

Open
A$32.71
Previous Close
A$32.75
Day High
A$32.90
Day Low
A$32.56
52 Week High
04/29/14 - A$35.99
52 Week Low
02/5/14 - A$30.00
Market Cap
102.7B
Average Volume 10 Days
6.9M
EPS TTM
A$2.44
Shares Outstanding
3.1B
EX-Date
05/13/15
P/E TM
13.5x
Dividend
A$2.60
Dividend Yield
7.90%
Current Stock Chart for WESTPAC BANKING CORP (WBC)

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westpac banking corp (WBC) Details

Westpac Banking Corporation provides a range of financial products and services in Australia, New Zealand, and internationally. The company offers personal banking products and services, such as savings and transaction accounts, and term deposits; debit, credit, and travel cards; home loans; personal loans, car loans, and overdraft facilities; various insurance products; superannuation and retirement products; and investment products comprising share trading, financial planning, managed funds, managed accounts, investment loans, and wrap products, as well as provides emergency cash, online, telephone banking, ATMs, travel center, private banking, financial education, financial advice assistance, and foreign exchange historical rates services. It also offers business banking products, including bank accounts, and farm management and business term deposits; business credit cards; vehicle and equipment finance, business loans, business overdrafts, and agribusiness loans; merchant services; business and farm insurance; and international trade solutions, including foreign exchange, cash flow management, export and import services, and trade finance products. In addition, the company provides corporate banking services, such as debt market solutions comprising debt capital products, loans, bonds, structured and asset finance, fixed interest and debt securities, and interest rate derivatives; transaction banking solutions; commercial cards; commodities, carbon, and energy products; and investing solutions consisting of fund management, corporate superannuation, and managed investments. It serves consumers, small-to-medium enterprises, corporates, and commercial and agribusiness customers, as well as institutional, government, and retail customers. The company was formerly known as Bank of New South Wales and changed its name to Westpac Banking Corporation in October 1982. Westpac Banking Corporation was founded in 1817 and is headquartered in Sydney, Australia.

33,586 Employees
Last Reported Date: 11/12/14
Founded in 1817

westpac banking corp (WBC) Top Compensated Officers

Chief Executive Officer, Managing Director, E...
Total Annual Compensation: A$5.7M
Chief Financial Officer
Total Annual Compensation: A$755.2K
Chief Operating Officer and Company Secretary
Total Annual Compensation: A$2.1M
Chief Executive Officer of Australian Financi...
Total Annual Compensation: A$3.4M
Chief Executive Officer of BT Financial Group
Total Annual Compensation: A$2.2M
Compensation as of Fiscal Year 2014.

westpac banking corp (WBC) Key Developments

Westpac Banking Corporation Launches New Fingerprint Sensor for Digital Banking Platform

Westpac Banking Corporation has launched a new fingerprint sensor, Touch ID, to sign in to its new digital banking platform, Westpac Live, on iPhone, Samsung Galaxy S5 and Note 4. The new technology, which will be available from January next year, will add further security and convenience for the increasing number of Westpac customers banking on their smartphones. The launch of fingerprint sign in follows the introduction of Westpac's new award winning digital banking platform Westpac Live launched in May this year. The new platform has redefined digital banking for Westpac customers providing a seamless and consistent experience as they move between their devices - online, mobile and tablet. Westpac Live offers more self-service options than ever before including real-time running balance and advanced search capability so customers can see their entire financial position in one place. Westpac Live Fingerprint sign in will be available in January 2015 for iPhone 5S, iPhone 6, iPhone 6 Plus, and Android Samsung Galaxy S5 and Note 4. The new features of Westpac Live will be available early next year.

Westpac Opens Sub-Branch in Shanghai Free Trade Zone

Westpac Banking Corporation has opened a new sub-branch in Shanghai's free trade zone to support clients through easier investment controls and financial liberating policies. The move will enable customers in China and Australia to embrace the benefits of dealing directly in RMB in both markets, thereby increasing liquidity to encourage more finance and hedging activity. Under the free-trade agreement, China will deliver new and improved commercial access to Australian financial service providers in banking, insurance, funds management and securities.

FlexiGroup May Not Remain In Race To Buy GE Assets

FlexiGroup Limited (ASX:FXL) may not remain in the race to buy General Electric Capital Corporation's AUD 7.5 billion-plus Australian and New Zealand consumer lending business. Potential suitors have begun digesting the details in the information memorandum for the GE business and have found it could be more profitable than originally thought. Based on a sale struck on a multiple of eight times earnings, a cheque of about AUD 2 billion would need to be written, almost double original estimates. So it is hard to see how FlexiGroup could make a deal work, sources say.Macquarie Group Limited (ASX:MQG) has been in talks about forming a consortium with Pepper Group and York Capital, but the latest expectation is that perhaps The Blackstone Group L.P. (NYSE:BX) could join with Macquarie or even TPG Capital, L.P., while Pepper Australia Pty Ltd. may not be part of the cluster. Other potential bidders are Wesfarmers, KKR & Co. L.P. (NYSE:KKR), Westpac Banking Corporation (ASX:WBC), and for the New Zealand assets only, Heartland Bank Limited.

 

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WBC:AU A$32.90 AUD +0.15

WBC Competitors

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Company Last Change
Australia & New Zealand Banking Group Ltd A$32.00 AUD +0.13
Lloyds Banking Group PLC 76.80 GBp -0.09
National Australia Bank Ltd A$33.38 AUD +0.32
Bank of Nova Scotia/The C$66.29 CAD +0.10
US Bancorp/MN $45.74 USD -0.01
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Industry Analysis

WBC

Industry Average

Valuation WBC Industry Range
Price/Earnings 13.1x
Price/Sales 4.9x
Price/Book 2.0x
Price/Cash Flow 12.6x
TEV/Sales NM Not Meaningful
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