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Last A$30.42 AUD
Change Today +0.22 / 0.73%
Volume 9.6M
As of 2:10 AM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

westpac banking corp (WBC) Snapshot

Previous Close
Day High
Day Low
52 Week High
04/7/15 - A$40.07
52 Week Low
08/25/15 - A$29.20
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
Current Stock Chart for WESTPAC BANKING CORP (WBC)

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westpac banking corp (WBC) Details

Westpac Banking Corporation provides a range of financial products and services in Australia, New Zealand, and internationally. The company offers personal banking products and services, such as savings and transaction accounts, and term deposits; debit, credit, and travel cards; home loans; personal loans, car loans, and overdraft facilities; various insurance products; superannuation and retirement products; and investment products comprising share trading, financial planning, managed funds, managed accounts, investment loans, and wrap products, as well as provides emergency cash, online, telephone banking, ATMs, travel center, private banking, financial education, financial advice assistance, and foreign exchange historical rates services. It also offers business banking products, including bank accounts, and farm management and business term deposits; business credit cards; vehicle and equipment finance, business loans, business overdrafts, and agribusiness loans; merchant services; business and farm insurance; and international trade solutions, including foreign exchange, cash flow management, export and import services, and trade finance products. In addition, the company provides corporate banking services, such as debt market solutions comprising debt capital products, loans, bonds, structured and asset finance, fixed interest and debt securities, and interest rate derivatives; transaction banking solutions; commercial cards; commodities, carbon, and energy products; and investing solutions consisting of fund management, corporate superannuation, and managed investments. It serves consumers, small-to-medium enterprises, corporates, and commercial and agribusiness customers, as well as institutional, government, and retail customers. The company was formerly known as Bank of New South Wales and changed its name to Westpac Banking Corporation in October 1982. Westpac Banking Corporation was founded in 1817 and is headquartered in Sydney, Australia.

33,704 Employees
Last Reported Date: 05/12/15
Founded in 1817

westpac banking corp (WBC) Top Compensated Officers

Chief Executive Officer, Managing Director, D...
Total Annual Compensation: A$3.4M
Chief Financial Officer
Total Annual Compensation: A$755.2K
Chief Operating Officer and Company Secretary
Total Annual Compensation: A$2.1M
Chief Executive Officer of BT Financial Group
Total Annual Compensation: A$2.2M
Chief Executive of Consumer Bank
Total Annual Compensation: A$2.1M
Compensation as of Fiscal Year 2014.

westpac banking corp (WBC) Key Developments

Westpac Banking Announces Final Dividend Payable on or about September 23, 2015

Westpac Banking Corporation announced a final dividend of $0.9510 per security payable on or about September 23, 2015. Record date is September 04, 2015. Ex-distribution/Entitlement date is September 02, 2015.

Westpac Launches Westpac Capital Notes 3 Offer

Westpac Banking Corporation announced the offer of Westpac Capital Notes 3 (“Notes”), which are expected to be quoted on the ASX. The notes are being offered with an Issue Price of $100 each, to raise approximately $750 million, with the ability to raise more or less. The notes will qualify as Additional Tier 1 Capital under the Australian Prudential Regulation Authority's ('APRA') Basel III capital adequacy framework and will further strengthen the Group's overall capital position. The proceeds received under the offer will be used by Westpac for general business purposes. The offer is expected to open on 6 August 2015. There is no general public offer. The closing date for the security holder offer is expected to be 5.00pm (Sydney time) on 1 September 2015 and the closing date for the broker firm offer is expected to be 10.00am (Sydney time) on 7 September 2015. Key features of Westpac Capital Notes 3: Non-cumulative floating rate distributions, paid quarterly in arrear, beginning on 22 December 2015. Distributions are expected to be fully franked. Distributions are subject to the satisfaction of the distribution payment conditions, which include that Distributions are at Westpac’s absolute discretion. The distribution rate is determined quarterly as the sum of the 90 day Bank Bill Rate per annum plus a fixed margin per annum, together multiplied by (1 - Tax Rate). The margin is expected to be in the range of 4.00% to 4.20% per annum and will be determined under the Bookbuild. Perpetual with no fixed maturity date. However, notes may be converted, redeemed or transferred. Scheduled to convert into ordinary shares on 22 March 2023 (subject to the scheduled conversion conditions being satisfied). Notes may, at Westpac’s option, be converted (subject to certain conditions), redeemed (if APRA gives its prior written approval) or transferred: on 22 March 2021 (in respect of some or all Notes); or following a tax event or regulatory event (in respect of all Notes). Westpac must convert some or all of the notes into ordinary shares immediately upon a capital trigger event or a non-viability trigger event. The number of ordinary shares that holders receive in these circumstances is limited to a maximum number (as required by APRA) and Holders may suffer loss as a consequence. If conversion does not occur for any reason, all rights attaching to the Notes will be terminated and the investment will lose all of its value.

Westpac Group Appoints Tom Boyles as New Chief Customer Officer

Westpac Group announced the appointment of Tom Boyles to the newly created role of Chief Customer Officer. Boyles joins the company from the Walt Disney Company, where he is Senior Vice President, Global Customer Managed Relationships and Travel Operations for Walt Disney Parks and Resorts. In his current role, Boyles is responsible for Disney's "customer first" strategy, which has used innovative technology to create personalised customer experiences and significantly increase trust in the Disney brand. Boyles will be responsible for marketing, customer relationship management, digital strategy, and helping to drive the Service Revolution across the bank's suite of brands, including the company, St.George, Bank of Melbourne, BankSA and RAMS.


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WBC:AU A$30.42 AUD +0.22

WBC Competitors

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Company Last Change
Australia & New Zealand Banking Group Ltd A$27.42 AUD +0.35
ING Groep NV €13.38 EUR +0.15
National Australia Bank Ltd A$30.70 AUD +0.30
Bank of Nova Scotia/The C$58.24 CAD 0.00
US Bancorp $40.27 USD 0.00
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Industry Analysis


Industry Average

Valuation WBC Industry Range
Price/Earnings 12.1x
Price/Sales 4.5x
Price/Book 1.8x
Price/Cash Flow 11.9x
TEV/Sales NM Not Meaningful

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