Westpac Banking Corporation (WBK)
Westpac Banking Corporation operates in the Banks - Diversified industry of the Financial Services sector, headquartered in Sydney, NSW, AU. The stock last traded at $14.20, down 0.98% on the session, giving a market capitalisation of $0. On trailing twelve-month figures it carries a trailing P/E of 9.92, a net margin of 33.2%. Its beta of 0.85 implies it has historically moved less than the broad market.
Westpac Banking Corporation, headquartered in Sydney, Australia, is a venerable financial institution established in 1817. Formerly known as the Bank of New South Wales until its name change in October 1982, Westpac provides a broad spectrum of banking and financial solutions. Its operations are extensive, reaching customers not only across Australia and New Zealand but also in the Americas, Asia, and Europe. The company's diverse offerings cater to a wide array of clients, from individual consumers and private wealth holders to micro-businesses, small and medium-sized enterprises, large commercial ventures, and various corporate, institutional, and government bodies. For personal and business needs, Westpac furnishes a suite of account types, including standard transaction accounts, savings options, term deposits, and specialized foreign currency accounts. It also facilitates lending through home mortgages, personal loans, and business financing, alongside offering credit cards, international banking support, and share trading platforms. Furthermore, the bank provides investment products and a comprehensive range of insurance, covering home, vehicle, travel, life, and commercial protection. For its business and institutional clientele, Westpac delivers advanced merchant and payment processing, transaction banking, access to financial markets, corporate and structured finance solutions, trade and supply chain funding, and specialized industry-focused banking and treasury services. All these offerings are complemented by robust online banking capabilities.
Westpac Banking Corporation is most often compared with the following Financial Services names: