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Westpac Banking Corporation (WEBNF)

21.50

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At close: May 7 at 4:00:00 PM EDT

Here's What Analysts Are Forecasting For Westpac Banking Corporation (ASX:WBC) After Its Interim Results

Shareholders might have noticed that Westpac Banking Corporation ( ASX:WBC ) filed its half-yearly result this time...

Simply Wall St. yesterday

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Australia's Westpac says 'worst is behind us', finance demand for M&A stronger

SYDNEY (Reuters) -The CEO of Australia's second-largest home lender Westpac said on Tuesday the nation's economy was showing signs of recovery with reduced mortgage stress and rising demand for corporate buyout activity. Chief Executive Anthony Miller said Westpac had seen an improvement in mortgage stress levels, highlighted by fewer loans that were more than 90 days behind in repayments. "The ongoing reduction in stress levels in the business bank is quite encouraging and so that only reinforces in my mind that the worst is behind us," Miller told the Macquarie Australia conference in Sydney.

Reuters 2 days ago

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Australia's Westpac flags global trade risks, shares slide after profit miss

Australian no.2 mortgage lender Westpac's first-half profit missed expectations on Monday as margins contracted, and it warned shifting global trade policies were rattling markets and may raise funding costs, knocking its shares down 3%. "Geopolitical uncertainty is a key risk that's as high as it has been for a very long time," said Anthony Miller, who took the helm as chief executive in December. Westpac posted a 1% drop in net profit for the six months ended March to A$3.32 billion ($2.14 billion), missing a Visible Alpha consensus estimate of A$3.43 billion.

Reuters 3 days ago

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Japan’s Kato Says US Treasury Holdings Could Be Negotiation Card

(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergNJ Transit Urges Commuters to Work Remotely If Union StrikesNYC Lost $9 Billion of Income to Miami, Palm Beach in Five YearsNew York City Transit System Chips Away at Subway Fare EvasionNYC’s MTA to Cut Costs Instead of Borrowing More to Fund UpgradesNYC’s Congestion Toll Raised $159 Million in the First QuarterJapan’s Finance Minister Katsunobu Kato said the country’s US Treasury hol

Bloomberg 6 days ago

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Australia's banks face critical earnings test amid economic, political crosscurrents

The Reserve Bank of Australia delivered its first interest rate cut since November 2020 in February, signalling a potential turning point for bank margins after higher rates supercharged competition. Bank shares, which initially underperformed after the rate cut due to frothy valuations and disappointing earnings, rebounded following U.S. President Donald Trump's announcement of sweeping tariffs on April 2 as investors sought safe havens with minimal exposure to global trade disruption.

Reuters 6 days ago

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Westpac Banking Reports Second Quarter 2025 Earnings

Westpac Banking ( ASX:WBC ) Second Quarter 2025 Results Key Financial Results Net loss: AU$1.84b (down by 210% from...

Simply Wall St. 6 days ago

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Australia's Westpac flags $89.4 million hedging hit to half-year profit

Australia's Westpac Banking Corp said on Wednesday net profit after tax for the first half of 2025 would be reduced by A$140 million ($89.35 million) due to hedging. The bank reported a first-half net profit of A$3.34 billion ($2.13 billion) in 2024. Westpac will announce 2025 half-year results on May 5.

Reuters 8 days ago

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Analysis-The Aussie is losing its way as markets' risk compass

The Australian dollar's surprising resilience in the face of the hit to market sentiment from U.S. tariffs is raising questions whether its long-standing role as a proxy for risk is ending. The breakdown in that correlation is slowing trade in the Aussie, hurting Australian investors in the U.S., and highlighting how U.S. President Donald Trump is rocking the pillars of financial markets. It is a consequence of an unusual turn in the U.S. dollar, which, says Bank of America currency strategist Oliver Levingston, has shot lower together with stocks for only the third time in 25 years.

Reuters last month

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Westpac to introduce SafeBlock feature to curtail rising scams

The SafeBlock feature will be available through Westpac’s mobile app and online banking services in the coming months.

Retail Banker International last month

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Australia's Westpac settles auto finance class action lawsuit for $81 million

The class action, which was filed by law firm Maurice Blackburn in 2020, claimed Westpac and St George Finance let car dealers hike interest rates on car loans to earn these commissions between March 1, 2013 and October 31, 2018. Maurice Blackburn did not immediately respond to a Reuters request for comment.

Reuters last month

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Accenture Plc (ACN): AI Agents Transforming Digital Banking with Westpac

We recently published a list of Top 8 Trending AI News Updates Investors Should Not Miss. In this article, we are going to take a look at where Accenture Plc (NYSE:ACN) stands against other top trending AI news updates investors should not miss. As AI takes over industries worldwide, the technology has begun replacing the […]

Insider Monkey 2 months ago

ACN

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Westpac partners with Accenture to enhance banking with AI agents

These AI agents surpass traditional chatbots by emulating human choices and executing tasks independently.

Retail Banker International 2 months ago

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ACN
Shares of Australia's major banks take a breather after $40 billion wipe off

Shares of the "Big Four" banks logged unprecedented growth last year on strong flows from superannuation funds and retail investors, pushing them to multi-year highs and trading at high multiples to the ASX200 benchmark index. Top lender Commonwealth Bank of Australia lost as much as 10% in the past eight sessions, losing about A$25 billion in market value.

Reuters 2 months ago

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Westpac Banking First Quarter 2025 Earnings: EPS: AU$0.49 (vs AU$0.48 in 1Q 2024)

Westpac Banking ( ASX:WBC ) First Quarter 2025 Results Key Financial Results Revenue: AU$5.20b (up 1.7% from 1Q 2024...

Simply Wall St. 2 months ago

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Westpac enables home loan clients to open multiple offset accounts

St.George, Bank of Melbourne, and BankSA, all part of Westpac group, already offer multiple offset accounts to their customers.

Retail Banker International 2 months ago

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Aussie "Big Four" banks cut rates, mirroring central bank

The Reserve Bank of Australia (RBA) cut its cash rate by 25 basis points to 4.10%, saying progress had been made on inflation, though it remained cautious on further monetary policy easing. The central bank's cut was its first move since raising the rate to a 13-year high of 4.35% in November 2023. Commonwealth Bank of Australia, the country's largest lender, said the change will be implemented on its eligible business lending products and would be effective from February 28.

Reuters 2 months ago

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Australia's Westpac's first-quarter margin contracts, shares slide

(Reuters) -Shares of Westpac Banking Corp fell as much as 6% on Monday after a core operating measure worsened in the first quarter despite an overall increase in profit helped by a drop in bad loans and growth in lending volumes. Australia's No. 2 mortgage lender posted an unaudited net profit of A$1.7 billion ($1.08 billion) for the three months ended December 31, compared with A$1.5 billion posted a year earlier. The lender's core net interest margin - the difference between interest earned from lending and paid for deposits - fell 2 basis points from the second half of last year to 1.81%.

Reuters 2 months ago

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Australian consumers stay cautious in February, survey says

Australian consumer sentiment remained in the doldrums in February, a survey showed on Tuesday, failing to benefit from slowing inflation or speculation about an imminent cut in interest rates. The Westpac-Melbourne Institute index of consumer sentiment edged up a bare 0.1% in February from January, when it dipped 0.7%. The cautious outlook should reassure the Reserve Bank of Australia that consumers were not rushing to spend and stoke inflation, leaving the door open for an easing in monetary policy perhaps as soon as next week.

Reuters 2 months ago

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Investing in Westpac Banking (ASX:WBC) three years ago would have delivered you a 91% gain

By buying an index fund, you can roughly match the market return with ease. But many of us dare to dream of bigger...

Simply Wall St. 3 months ago

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Australia consumer sentiment index dips 0.7% in Jan

Australian consumer sentiment dipped for a second month in January as financial stress dominated at the start of the new year, a survey showed on Tuesday, suggesting spending will remain subdued in the near term. The Westpac-Melbourne Institute index of consumer sentiment fell 0.7% in January from December, when it dropped 2.0%. The cautious outlook should reassure the Reserve Bank of Australia that consumers are not about to rush out spending and stoke inflation, leaving the door open for some easing in monetary policy in coming months.

Reuters 3 months ago

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Performance Overview

Return	WEBNF	S&P/ASX 200 [XJO] (^AXJO)
YTD	+15.59%	+0.40%
1-Year	+28.12%	+4.96%
3-Year	+60.58%	+13.69%

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Westpac Banking Corporation (WEBNF)

Here's What Analysts Are Forecasting For Westpac Banking Corporation (ASX:WBC) After Its Interim Results

Australia's Westpac says 'worst is behind us', finance demand for M&A stronger

Australia's Westpac flags global trade risks, shares slide after profit miss

Japan’s Kato Says US Treasury Holdings Could Be Negotiation Card

Australia's banks face critical earnings test amid economic, political crosscurrents

Westpac Banking Reports Second Quarter 2025 Earnings

Australia's Westpac flags $89.4 million hedging hit to half-year profit

Analysis-The Aussie is losing its way as markets' risk compass

Westpac to introduce SafeBlock feature to curtail rising scams

Australia's Westpac settles auto finance class action lawsuit for $81 million

Accenture Plc (ACN): AI Agents Transforming Digital Banking with Westpac

Westpac partners with Accenture to enhance banking with AI agents

Shares of Australia's major banks take a breather after $40 billion wipe off

Westpac Banking First Quarter 2025 Earnings: EPS: AU$0.49 (vs AU$0.48 in 1Q 2024)

Westpac enables home loan clients to open multiple offset accounts

Aussie "Big Four" banks cut rates, mirroring central bank

Australia's Westpac's first-quarter margin contracts, shares slide

Australian consumers stay cautious in February, survey says

Investing in Westpac Banking (ASX:WBC) three years ago would have delivered you a 91% gain

Australia consumer sentiment index dips 0.7% in Jan

Performance Overview