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    WBC   AU000000WBC1

WESTPAC BANKING CORPORATION

(WBC)
  Report
Delayed Australian Stock Exchange  -  12:10 2022-12-02 am EST
23.76 AUD   -0.67%
11/29Australian banking system cushioned for imminent climate change-related risks - regulator
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11/24ANZ earmarks $67 bln to accelerate net zero transition
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Westpac 3Q Update Trend Looks to Be in Line With Peers -- Market Talk

08/15/2022 | 05:32pm EST

2311 GMT [Dow Jones]--Westpac's 3Q FY 2022 capital, credit quality and funding update provides limited disclosure, which makes it difficult to infer too much about the earnings trajectory of the Australian major bank during the quarter, says UBS analyst John Storey in a note. Still, the investment bank says high level trends look in line with peers. "Similar to the trends seen at the other majors that have reported and given updates to the market, Westpac noted a significant increase in interest rate risk in the banking book A$16 billion, with IRRBB now accounting for 9.1% of total risk weighted assets from 2.8% in June 2021," says UBS. Overall, the investment bank says, Westpac remains well provided, and asset quality during the reported period continued to strengthen. (alice.uribe@wsj.com)


(END) Dow Jones Newswires

08-15-22 1932ET

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Analyst Recommendations on WESTPAC BANKING CORPORATION
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Financials
Sales 2023 22 045 M 14 952 M 14 952 M
Net income 2023 7 967 M 5 404 M 5 404 M
Net Debt 2023 - - -
P/E ratio 2023 11,0x
Yield 2023 5,93%
Capitalization 83 067 M 56 340 M 56 340 M
Capi. / Sales 2023 3,77x
Capi. / Sales 2024 3,73x
Nbr of Employees 37 476
Free-Float 99,5%
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Technical analysis trends WESTPAC BANKING CORPORATION
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TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 23,76 AUD
Average target price 24,98 AUD
Spread / Average Target 5,14%
EPS Revisions
Managers and Directors
Peter Francis King Director
Michael Rowland Chief Financial Officer
John McFarlane Non-Executive Chairman
Richard Holmes Chief Information Officer-Business
Scott Collary Group Executive-Customer Services & Technology
Sector and Competitors