ASX:WBC

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ASX:WBC

Heartbreaking job data drags market lower: Aus shares close 0.9% lower

18 Jun 2020 - The market sank at the open, was hit by job data that Prime Minister, Scott Morrison described as “heartbreaking”, and finished the day 0.9 per cent lower. Ship build…

Westpac to divest Pendal: Aus shares to open lower

18 Jun 2020 - The ASX is set to drop at the open after the Dow and the S&P 500 unwound some of the gains they managed to rack up over the last 3 sessions. Iron ore, gold and oil ar…

Australia records largest ever travel decrease - ABS: Aus shares close 2.2% lower

15 Jun 2020 - The Australian share market fell at the open and continued to fall throughout the day closing 2.2 per cent down at the end of trade. Australia has recorded its larges…

Social restrictions to be eased this weekend: Aus shares close 1.9% lower

12 Jun 2020 - The local share market recovered from its session low of 3.4% but finished down 1.9%, amid weakness in bank stocks. Today’s falls come on the back of losses of 6 to 7…

ASX on track to snap 6-week winning streak: energy & banks lead the bourse 2.4% lower at noon

12 Jun 2020 - The local bourse is on track to snap a six-week winning streak as a sell-off in bank and energy stocks ramps up. The declines follow a slump in US, European and Asian…

Bank valuations

10 Jun 2020 - CEO Chris Pedersen talks about Covid-19 and bank valuations.

5th consecutive week of gains: Aus gain 4.5% over week

29 May 2020 - Despite today’s losses, the market finished the week 4.5% higher. That’s the fifth consecutive week of gains for the ASX200. Investors are optimistic that the easing …

Private sector credit steady in April: Aus shares 1.1% lower at noon

29 May 2020 - The Australian share market opened lower and slid throughout the morning as the big four bank rally that we have been seeing the first 4 sessions of the week came to …

72% of Australian businesses report reduced cash flow: Aus shares close 1.4% higher

04 May 2020 - The Australian share market closed 1.4 per cent higher. Almost three quarters of Australian businesses (72%) reported that reduced cash flow is expected to have an ad…

Westpac (ASX:WBC) defers dividend

04 May 2020 - Westpac (ASX:WBC) has deferred the decision on determining an interim dividend and no dividend will be paid in June 2020.

Government revenue exceeded expenses by $17m: Aus shares close 0.2% lower

28 Apr 2020 - The Australian share market rose slightly at the open but continued to slide closing 0.2 per cent down at the end of trade. The ABS has reported that the total Govern…

Westpac (ASX:WBC) report $2.2b first half 2020 impairment

28 Apr 2020 - Westpac (ASX:WBC) today announced that impairment charges in its First Half 2020 (1H20) result are expected to be $2.2 billion pre-tax.

Falls in Financials lead market lower: ASX closes 2% lower

02 Apr 2020 - The ASX dropped at the open and failed to recover closing 2% lower. Shares in Avita Medical (ASX:AVH) are down - they are a regenerative medicine company looking afte…

Westpac (ASX:WBC) appoint a new CEO

02 Apr 2020 - Westpac (ASX:WBC) Chairman John McFarlane today announced the appointment of Peter King as Chief Executive Officer.

Banks respond to COVID-19: Aus shares close 0.7% higher

20 Mar 2020 - The Australian share market was in positive territory for the day closing 0.7 per cent higher. Budget will not be handed down until October 6. Big banks announce majo…

Westpac Banking Corporation (ASX:WBC) set to replace Lindsay Maxsted on the board

06 Mar 2020 - Westpac Banking Corporation (ASX:WBC) has today confirmed that Lindsay Maxsted will retire from the Board effective 31 March 2020.

CIMIC (ASX:CIM) shares fall weighing on market: ASX closed 0.6% lower

23 Jan 2020 - It has been a negative day of trade for the ASX closing 0.6% lower. Shares shot up for National Storage REIT (ASX:NSR) after they confirmed they had received a takeov…

Westpac (ASX:WBC) welcome John McFarlane as incoming Chairman

23 Jan 2020 - Westpac (ASX:WBC) today welcomes John McFarlane to the Westpac Board as Non-Executive Director and Chairman-Elect.

Charting analysis of the banks

23 Dec 2019 - Fairmont Equities Managing Director Michael Gable takes a technical look at ANZ Banking Group, Commonwealth Bank of Australia, National Australia Bank and Westpac.

Asian markets close lower: ASX closes 0.1% higher

18 Dec 2019 - It was a flat lunchtime for the ASX but it managed to gain momentum and closed 0.1% higher. Cimic (ASX:CIM) shares have dropped despite their CPB contractors winning …

Westpac (ASX:WBC) face shareholder class action

18 Dec 2019 - Westpac Banking Corporation (ASX:WBC) today confirmed that it has been served with a class action filed by Phi Finney McDonald on behalf of certain shareholders who a…

Lynas (ASX:LYC) shares fall after they fail to get Malaysian approval for higher processing: ASX closes 0.04% lower

17 Dec 2019 - The ASX slid around lunchtime and struggled to gain momentum closing 0.04% lower. Lynas Corporation (ASX:LYC) saw their shares drop today after they were unsuccessful…

The Westpac Group (ASX:WBC) hit with operational risk capital requirement of $500m

17 Dec 2019 - The Westpac Group (ASX:WBC) released an announcement today saying they acknowledge APRA’s request to increase its operational capital requirement to $500 million.

All four banks weigh on the market: The ASX closed 0.7% lower

12 Dec 2019 - The ASX took a dip at the open and failed to gain momentum throughout the day, closing 0.7% lower. Westpac (ASX:WBC) shares dropped today after its annual general mee…

Westpac (ASX:WBC) ‘truly sorry’ over issues raised by AUSTRAC

12 Dec 2019 - Embattled bank Westpac (ASX:WBC) has kicked of its AGM in Sydney this morning with Chairman Lindsay Maxsted saying the board is deeply distressed in the wake of civil…