Westpac Banking Corp.

Westpac Banking is a banking organization with branches, affiliates and controlled entities throughout Australia, New Zealand, Asia and in the Pacific region. Co. provides a range of banking and financial services in these markets, including consumer, business and institutional banking and wealth management services. Co. is engaged in the provision of financial services including lending, deposit taking, payments services, investment portfolio management and advice, superannuation and funds management, insurance services, leasing finance, general finance, interest rate risk management and foreign exchange services. As of Sep 30 2017, Co. had total assets of A$851,875,000,000.
  • TickerWBC
  • ISINAU000000WBC1
  • ExchangeAustralian Securities Exchange
  • SectorBanks
  • CountryAustralia

Analysts

Aussie Equities Month in Review (August 2019)

The ASX 200 shrugged off a poor reporting season and fell in line with global markets.  Global stock markets fell by 2.0% due to concerns about global trade.  Healthcare (3.6%), Property (2.3%) and IT (5.0%) were the best performing sectors, while Materials declined on the backs of a large fall in the price of iron ore and a weak FY19 result from BLD.  The strong relative performance of Australia during the past 3 months combined with the large number of downgrades in June and a downgrade to the FY20 outlook means the market is still expensive and trading on stretched PE multiples.  Consi...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

More cracks begin to show Weaker than expected data out of China and an as-expected 0.1% preliminary GDP contraction for the 2nd quarter in Germany has global equities back on the defensive, with the MSCI ACWI, ACWI ex-US, and EAFE back near logical support. In last week's Int'l Compass we noted that some cracks are beginning to show in the form of STOXX 600 Banks and Brent crude breakdowns, which led us to believe global equities are vulnerable to a breakdown. Below we highlight more cracks that are showing, which only increases the likelihood that equities may be poised to break down. • Mo...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Bullish Developed Markets Stocks

Favor EAFE over EM The U.S. dollar remains elevated and as long as this remains the case we believe developed international equities (EAFE) will continue to outperform relative to emerging markets (MSCI EM)... see charts below. Below we highlight attractive and actionable themes within developed international: • Australia. Australia's All Ordinaries index exhibits bullish price and RS trends, a rarity when it comes to global markets considering most country-specific indexes display neutral or negative price trends. We highlight several Australian names, and would use recent broad market weak...

David Ellis

Morningstar | APRA Requires Three Australian Major Banks to Hold More Operational Risk Capital. No FVE Changes

The banking regulator, Australian Prudential Regulation Authority, or APRA, has forced three of the four major banks to hold, on a temporary basis, an additional AUD 500 million each in operational risk capital requirement. APRA’s initiative is in response to the culture, governance and accountability self-assessment process carried out by Australia and New Zealand Banking Group, National Australia Bank, and Westpac Banking Corporation. In short, APRA believes the three major banks need to improve management and oversight of nonfinancial risk and is a direct outcome from the Royal Commission f...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Global equities nearing potential resistance Helped by support from global central banks and improving trade headlines, critical support levels have held for major global indexes and therefore our outlook remains constructive. At the same time, just because these indexes are not breaking down does not mean they are headed higher. Rather, we believe global equities remain in a state of purgatory and consolidation is likely to continue as several major indexes approach logical resistance... see charts below and page 2. With global equity markets generally moving sideways, we want to stick with ...

Aussie Equities Month in Review (August 2019)

The ASX 200 shrugged off a poor reporting season and fell in line with global markets.  Global stock markets fell by 2.0% due to concerns about global trade.  Healthcare (3.6%), Property (2.3%) and IT (5.0%) were the best performing sectors, while Materials declined on the backs of a large fall in the price of iron ore and a weak FY19 result from BLD.  The strong relative performance of Australia during the past 3 months combined with the large number of downgrades in June and a downgrade to the FY20 outlook means the market is still expensive and trading on stretched PE multiples.  Consi...

David Ellis

Morningstar | APRA Requires Three Australian Major Banks to Hold More Operational Risk Capital. No FVE Changes

The banking regulator, Australian Prudential Regulation Authority, or APRA, has forced three of the four major banks to hold, on a temporary basis, an additional AUD 500 million each in operational risk capital requirement. APRA’s initiative is in response to the culture, governance and accountability self-assessment process carried out by Australia and New Zealand Banking Group, National Australia Bank, and Westpac Banking Corporation. In short, APRA believes the three major banks need to improve management and oversight of nonfinancial risk and is a direct outcome from the Royal Commission f...

David Ellis

Morningstar | APRA’s Proposed Changes to Capital Framework a Positive Development for Banks

The Australian Prudential Regulation Authority’s, or APRA’s, new capital guidelines released on June 12, 2019 contained no major surprises. A key highlight was the proposal to hold slightly more capital for high-risk loans (interest-only and investment property loans) relative to low-risk loans (owner occupied, principal and interest loans). Currently, all mortgages have the same capital requirements irrespective of their levels of risk. While due to come into effect until Jan. 1, 2022, we think the proposals: (1) help strengthen capital levels, which provide a greater buffer to manage a poten...

David Ellis

APRA’s Proposed Changes to Capital Framework a Positive Development for Banks

The Australian Prudential Regulation Authority’s, or APRA’s, new capital guidelines released on June 12, 2019 contained no major surprises. A key highlight was the proposal to hold slightly more capital for high-risk loans (interest-only and investment property loans) relative to low-risk loans (owner occupied, principal and interest loans). Currently, all mortgages have the same capital requirements irrespective of their levels of risk. While due to come into effect until Jan. 1, 2022, we think...

David Ellis

Morningstar | Credit Growth Continues to Slide, But a Post Election Rebound is Likely and Welcome

Worryingly, private credit system growth continues to slow with the Reserve Bank of Australia, or RBA’s, print of 3.7% for the year to April 2019 the weakest since October 2013. The RBA data includes all banks and non-bank lenders. Housing credit growth continues its downward slide with year-on-year growth of 3.9%, with owner-occupier growth a solid 5.5% offset by weak investor lending growth of just 0.6%. Business credit growth is holding around 4.5% levels and personal credit growth remains negative, contracting 2.8% for the year to April. We expect the decline in credit growth to continue f...

WESTPAC BANKING CORP. sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of WESTPAC BANKING CORP. (AU), a company active in the Money Center Banks industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date June 18, 2019, the closing price was AUD 28.08 and its potential was estimated at AUD 30.67.

Rudziah Siti

Westpac Banking Corporation

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Rudziah Siti

Westpac Banking Corporation

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Rudziah Siti

Westpac Banking Corporation

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Rudziah Siti

Westpac Banking Corporation

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MarketLine Department

Suncorp Group Ltd - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Suncorp Group Ltd Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Suncorp Group Ltd since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key...

MarketLine Department

Macquarie Group Ltd - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Macquarie Group Ltd Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Macquarie Group Ltd since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. ...

MarketLine Department

Commonwealth Bank of Australia - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Commonwealth Bank of Australia Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Commonwealth Bank of Australia since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its c...

MarketLine Department

Australia and New Zealand Banking Group Ltd - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Australia and New Zealand Banking Group Ltd Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Australia and New Zealand Banking Group Ltd since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an org...

MarketLine Department

Bendigo and Adelaide Bank Limited - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Bendigo and Adelaide Bank Limited - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments Marketline's Bendigo and Adelaide Bank Limited Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Bendigo and Adelaide Bank Limited since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehen...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

More cracks begin to show Weaker than expected data out of China and an as-expected 0.1% preliminary GDP contraction for the 2nd quarter in Germany has global equities back on the defensive, with the MSCI ACWI, ACWI ex-US, and EAFE back near logical support. In last week's Int'l Compass we noted that some cracks are beginning to show in the form of STOXX 600 Banks and Brent crude breakdowns, which led us to believe global equities are vulnerable to a breakdown. Below we highlight more cracks that are showing, which only increases the likelihood that equities may be poised to break down. • Mo...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Bullish Developed Markets Stocks

Favor EAFE over EM The U.S. dollar remains elevated and as long as this remains the case we believe developed international equities (EAFE) will continue to outperform relative to emerging markets (MSCI EM)... see charts below. Below we highlight attractive and actionable themes within developed international: • Australia. Australia's All Ordinaries index exhibits bullish price and RS trends, a rarity when it comes to global markets considering most country-specific indexes display neutral or negative price trends. We highlight several Australian names, and would use recent broad market weak...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Global equities nearing potential resistance Helped by support from global central banks and improving trade headlines, critical support levels have held for major global indexes and therefore our outlook remains constructive. At the same time, just because these indexes are not breaking down does not mean they are headed higher. Rather, we believe global equities remain in a state of purgatory and consolidation is likely to continue as several major indexes approach logical resistance... see charts below and page 2. With global equity markets generally moving sideways, we want to stick with ...

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