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Westpac Banking Corporation

Westpac is Australia’s oldest bank and company, one of four major banking organisations in Australia and one of the largest banks in New Zealand. We provide a broad range of banking and financial services in these markets, including consumer, business and institutional banking and wealth management services.

Westpac Group’s portfolio of financial services brands and businesses is focused on our vision, which is
“To be one of the world’s great service companies, helping our customers, communities and people to prosper and grow.”

From ensuring customers can save and invest with confidence, to helping with the financial needs of small businesses, multi-national corporates, institutional and government clients, we put customers at the centre of everything we do.

Our business comprises four key customer-facing divisions which operate a unique portfolio of brands including Westpac, St.George, Bank of Melbourne, BankSA, BT and RAMS. Through these brands we serve over 13 million customers.

ASX Code
WBC

Sector
ASX200 Banks

Website
https://www.westpac.com.au/

Spotlight Videos

Where Do The Banks Sit In The Switch From Growth To Value?
All Westpac Banking Corporation Content

News

What Next For “Devastated” Westpac?

Another week ahead, more meetings and more pressure on Westpac, its CEO, Brian Hartzer, chair, Lindsay Maxstead, and other directors after Friday’s emergency board meeting and statement failed to convince investors and critics that the bank has a handle on handling the sensational AUSTRAC money laundering allegations.

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Westpac Takes On The Wealth Management Upstarts

What happens when pesky, disruptive upstarts take on the big incumbents in an industry? More often than not, they find themselves in a battle royale over market share. And that’s just what’s happening in the wealth management industry, where Westpac is fighting back against the likes of Netwealth, HUB24 and Praemium.

This battle provides a very interesting example of competitive forces at work and things to look out for when considering an investment in very fast-growing companies.

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AGMs: Westpac Line On Funding, Rates

It’s a difficult task being the CEO of a big Australian bank: they have to sound concerned, informed and above all authoritative, as we saw with Westpac’s Gail Kelly yesterday, and will hear from the NAB’s Cameron Clyne later today and from the ANZ’s Mike Smith tomorrow.

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Westpac Earnings Jump

First it was the Commonwealth, then Bendigo Bank, and yesterday Westpac joined the queue to reveal that profits in this now highly concentrated sector were better than at any other time, and we are not yet fully out of the slump.

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Westpac’s Reality Dose

As I write the ASX 200 has added back over 100 points this morning, flipping a Friday sell-off into a Wall Street-inspired recovery rally matching recent euphoric sentiment. While positive signs of the housing market stabilising in the US have provided further relief, the issue remains that a trigger for Friday’s weak session was a quarterly update from Australia’s largest bank, Westpac (WBC).

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Westpac Shines

Today rates as probably a bit of a shame for those investors who piled into Westpac Bank (WBC) on the back of its impressive result yesterday, given the shares are now down 1.6% at lunch time. Overall the Financials sector is down 1.8% following a woeful night for the equivalent sector in the US. US weakness was all about credit crunch concerns, and that's one area where Westpac actually stands out as a beacon.

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Analyst Views