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Westpac Banking Corporation

Provision of financial services including lending, deposit taking, payments services, investment platforms, superannuation and funds management, leasing finance, general finance, interest rate risk management and foreign exchange services. During the period, Westpac merged its BT personal and corporate superannuation funds with Mercer Super Trust and sold Advance Asset Management Limited to Mercer (Australia).

WBC$22.830
 -0.050 -0.22%

Data last updated:Dec 21, 2023 – 12.28pm. Data is 20 mins delayed.

Previous Close

22.880

Open

22.880

Day Range

22.770 - 22.910

52 Week Range

20.030 - 24.095

Volume

5,948,181

Value

131,884,702

Bid

22.830

Ask

22.840

Dividend Yield

6.41%

P/E Ratio

11.34

Market Cap

79.992B

Total Issue

3,509,076,960

ASX Announcements

Update - Notification of buy-back - WBC

Daily Share Buy-Back Notice

  • Dec 21, 2023
  • 6 pages

Dividend/Distribution - WBCPI

Dividend Record Date, Dividend Pay Date, Dividend Rate

  • Dec 20, 2023
  • 5 pages

Update - Notification of buy-back - WBC

Daily Share Buy-Back Notice

  • Dec 20, 2023
  • 6 pages

Notification of cessation of securities - WBC

Appendix 3H (Notification of cessation of securities)

  • Dec 19, 2023
  • 5 pages

Dividend/Distribution - WBCPM

Dividend Record Date, Dividend Pay Date, Dividend Rate

  • Dec 19, 2023
  • 5 pages

View all WBC announcements

Today

ANZ boss Shayne Elliott in Brisbane on Thursday.

Elliott promises more growth for ANZ in mortgage assault

The ANZ chief executive tempered expectations that the “mortgage wars” that have dented profit margins would soon ease.

  • 27 mins ago
  • Lucas Baird

Yesterday

PwC’s Sue Horlin: “I’m genuinely excited about the challenge we have to learn and be a better firm.”

At PwC, it’s the revenge of the auditors

Long the humbler, more straight-forward and less risky arm of the firm, audit is now expected to be the growth engine and the governance model for the future.

  • Edmund Tadros

This Month

I’ll take that one: Former RBA economist Luci Ellis.

Ex-RBA economist Luci Ellis wants to take credit

The Westpac chief economist observed the RBA’s 2023 forecast and joked, “I’m happy to take credit for that one”.

  • Mark Di Stefano
Westpac CEO Peter King at the bank’s AGM in Brisbane on Thursday.

Westpac boss to fly to Tiwi Islands to discuss Santos project

After a four-hour AGM in Brisbane, Peter King has committed to visiting the Tiwi following concerns about consultation on Santos’ Barossa project.

  • James Eyers
Christopher Lovrien, new Australian managing partner of law firm Jones Day.

Aggressive regulators creating legal demand, says new law firm leader

Jones Day’s new Australian partner-in-charge says increased regulatory activity is presenting opportunities in an uncertain market.

  • Maxim Shanahan
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Incoming Westpac chairman Steven Greg.

New Westpac chair takes the reins

He’s been the chairman of Goodman Fielder, Tabcorp and The Lottery Corporation. Now the businessman is taking on his highest-profile board position.

  • Lucas Baird
AUSTRAC Acting CEO Peter Soros.

AUSTRAC to crack down on digital services in 2024

Digital currency exchanges, payment platforms, bullion and non-bank lenders will all be put under the AUSTRAC microscope in 2024.

  • Ronald Mizen
NAB chief executive Ross McEwan has a 50 per cent weighting on non-financial metrics in his bonus.

Banker bonuses favouring opaque social metrics, advisers say

Incentives at the major banks are becoming less focused on maximising shareholder returns in a ‘retrograde step’, Institutional Shareholder Services warns.

  • Lucas Baird
Mortgage competition was atypical the ACCC says.

Home loan competition won’t last: ACCC

The competition watchdog is arguing to uphold its rejection of ANZ’s purchase of Suncorp’s bank. It warned major lenders were already acting in lock-step.

  • Lucas Baird
Customers can easily switch banks if they can get a better deal elsewhere.

Banks warn of mortgage rises from deposit rate intervention

MyState CEO Brett Morgan says, “in any intervention, there is a benefit and there is a cost”.

  • Updated
  • Lucas Baird
Sarah Hunter has been appointed RBA assistant governor.

New RBA assistant governor is outsider Sarah Hunter

Treasury official Sarah Hunter has been appointed chief economist and assistant governor at the Reserve Bank in a further refresh of its leadership team.

  • John Kehoe
Some customers posting on X said they could not see their accounts after logging in to the bank’s mobile app.

Westpac restores online banking after update triggered outage

Shortly after 5am on Tuesday, Westpac said that services have been restored after an eight-hour interruption.

  • Updated
Mirvac will be happy to get Optiver into Westpac Place, especially after Westpac opted to vacate about 16,000 sq m of space.

Mirvac lures Optiver, tech unicorn into its offices despite weak market

From trading house Optiver to tech unicorn Advanced Navigation, large companies are upgrading offices to take advantage of a weak office market.

  • Campbell Kwan
Science and Industry Minister Ed Husic.

Quantum organisations to compete for $18.5m in funding

Industry and Science Minister Ed Husic is opening applications for the grants to Australian firms to create a national centre for quantum growth.

  • Paul Smith
Boss 50 highest-paid CEOs

Revealed: Australia’s 50 highest-paid CEOs in 2023

Despite topping the pay ranks, Macquarie Group’s Shemara Wikramanayake is just one of two women on the list.

  • Patrick Durkin
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November

Glenn Rosewall, executive chairman of collapsed stockbroker BBY, outside the NSW Supreme court.

Eyes on BBY ex-chairman Glenn Rosewall as execs charged

Rosewall was at the helm of the failed stockbroker between 2004 and its spectacular collapse in 2015. 

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Ada Guan, co-founder and chief executive of Rich Data Co.

Westpac dips toe back into venture capital, backs AI loan assessor

Sydney-based Rich Data Co has banked $28 million in a Series B round led by the major lender and nCino, a cloud banking provider based in the US.

  • Jessica Sier
Stepping out: CBA is about to roll out a new rental payments platform.

CBA takes on Macquarie in $49b rental payments market

Falling home ownership is boosting the demand for rental properties – and that’s creating opportunity for services to support the rental sector.

  • Michael Bleby
PwC Australia incoming general counsel Kylie Gray.

Top Westpac lawyer to be PwC’s new general counsel

PwC Australia has hired a senior Westpac lawyer Kylie Gray as its permanent general counsel as it rebuilds its leadership and governance after the tax leaks scandal.

  • Edmund Tadros
“Never underestimate your competitor,” says NAB boss Ross McEwan

Banks wonder if the home loan margins squeeze is terminal

The bosses of the big four banks are trying to work out whether the ANZ-driven squeeze on home loan margins is temporary, or whether it’s a long-term problem.

  • Karen Maley

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