|Bid||32.00 x 70600|
|Ask||30.00 x 6900|
|Day's range||30.76 - 31.25|
|52-week range||29.40 - 35.39|
|PE ratio (TTM)||13.49|
|Forward dividend & yield||2.06 (8.33%)|
|1y target est||34.15|
The Westpac Banking Corp (ASX:WBC) dividend is one of the most popular on the local market. Here’s everything you need to know about it…
Find out why the Commonwealth Bank of Australia (ASX:CBA) was able to successfully raise low cost funding via a $1.25 billion Tier 2 bond
One of Australia's largest banks has apologised to Tasmanian pensioners for not sending their promised energy rebate cheques before Christmas. Westpac on Thursday apologised for the delays in posting the state government's promised $125 energy bonus after earlier making repeated assurances the cheques would be sent out on time. "Westpac apologises to Tasmanians who did not receive their cheques on time and are reviewing the procedures to ensure that this does not occur again," the bank said in a statement.
Australia's favourite big bank stocks are in for a tough 2018 and Hyperion Asset Management outlines reasons to stay away from the sector.
Australia and New Zealand Banking Group (ASX:ANZ) is expected to return billions to shareholders in 2018 that is funded from asset sales. Is this reason enough to be bullish on the stock?
The Westpac Banking Corp (ASX:WBC) dividend will be paid to eligible shareholders on Friday. Here’s where I would reinvest it…
Westpac will pay about $11 million in compensation to interest-only home loan customers who were not switched to principal repayments when they should have been. The refunds will go to 9,400 customers who held owner-occupier interest-only variable home loans, most of which had interest-only periods that expired between 2009 and 2016. A processing error led to these customers continuing to make interest-only repayments after the interest-only period ended, rather than being switched to principal and interest repayments.
The Commonwealth Bank of Australia's (ASX:CBA) response to the AUSTRAC investigation has raised more concerns for shareholders and the stock is likely to stay under pressure well into the new year.
Westpac chairman Lindsay Maxsted says criticism of the Australia's banking sector is "warranted" but he hopes a royal commission into alleged misconduct in the finance industry will restore trust and confidence. Mr Maxsted told the lender's annual general meeting in Sydney on Friday that the board was "disappointed" at the deterioration of the banking sector's reputation but accepted there had been times when the industry had failed to meet customer expectations.
Westpac Banking Corp (ASX:WBC) has its AGM this week and investors will be taking a keen interest on proceedings for the following reasons: