ASX:WBC

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ASX:WBC

Westpac CFO Michael Rowland to retire in 2025

18 Dec 2024 - Westpac (ASX:WBC) has announced that its Chief Financial Officer, Michael Rowland, will retire in 2025.

Westpac profit down 3%, but dividend up 4 cents

04 Nov 2024 - Westpac Banking Corporation (ASX:WBC) has announced its full-year financial results for 2024, with dividend bump and NPAT slightly exceeding expectations.

Westpac sells auto finance unit to Resimac

04 Oct 2024 - Westpac announced on Thursday that it will sell the remainder of its auto finance business to Australian non-bank lender Resimac, completing the bank's divestment of …

Westpac CEO Peter King to retire

10 Sep 2024 - The news on Monday that Westpac (ASX:WBC) CEO Peter King is set to retire later this year (after overseeing the 2023-24 annual results in early November) definitely t…

Westpac beats rivals with profit rise

19 Aug 2024 - Westpac (ASX:WBC) has followed rivals, CBA, and NAB in reporting a flat revenue performance for the three months to June. However, unlike the other two banks, Westpac…

APRA reduces Westpac's capital penalty by $500 million

17 Jul 2024 - The key banking regulator, APRA, thinks Westpac’s (ASX:WBC) behaviour has improved, so it has halved the $1 billion capital penalty imposed in 2019 in two tranches.

Analysis of NAB, Westpac, Lyft

08 May 2024 - Fund Manager Chris Pedersen discusses National Australia Bank, Westpac Banking Corporation and Lyft.

Westpac reports dip in earnings

06 May 2024 - Westpac (ASX:WBC) has joined the National Australia Bank in reporting a double-digit dip in earnings for the half-year to March but will reward shareholders with high…

Analysis of the banking sector

17 Apr 2024 - Fund Manager Chris Pedersen analyses the banking sector.

Westpac to scrap outdated computer systems

27 Mar 2024 - Westpac has revealed ambitious plans to get rid of outdated and slow computer systems, software and other technology over the next four years that will have an estima…

Westpac attributes minor decline in first quarter profit to accounting rules

19 Feb 2024 - Westpac Banking Corp (ASX:WBC) has attributed a slight decrease in its unaudited first-quarter net profit to accounting rules governing financial hedges. The country’…

Westpac rewards shareholders

06 Nov 2023 - Westpac has announced a final dividend of 72 cents per share, up from 64 cents per share the previous year.

Westpac posts unaudited Q2 net profit of $1.8 billion amidst margin and mortgage challenges

21Aug 2023 - Westpac (ASX:WBC) has disclosed an unaudited net profit of $1.8 billion for the quarter ending on June 30.

A deep dive into banks

09 Aug 2023 - Fund Manager Chris Pedersen discusses the Fitch downgrade, China trade and what he looks for in banks.

Loan stress creep the chief concern for local Banks

09 May 2023 - Westpac’s (ASX:WBC) interim results yesterday capped the half way point of the Big Four’s 2022-23 financial year with combined statutory earnings up nearly 11% to $16…

Job done, Westpac Chairman takes his leave

15 Dec 2022 - Westpac (ASX:WBC) chairman John McFarlane says he will retire at next year’s annual meeting of the bank and in his second last speech to the bank’s AGM yesterday made…

Westpac committed to crunching costs

08 Nov 2022 - Westpac (ASX:WBC) has lifted its 2024 cost target to $8.6 billion from $8 billion after a surge in inflationary cost pressures in the six months to September 30.

Materials leads market higher: ASX closes up 0.6%

07 Nov 2022 - Materials is the strongest sector by far in today’s trading. This was due to the initial possibility that China would begin to ease COVID restrictions. As such, BHP (…

Strict Chinese measures dampen market sentiment: ASX up 0.29% at lunch

07 Nov 2022 - US markets finished higher on Friday after a volatile session following the release of the October jobs report, which showed better-than-expected hiring, while the un…

Westpac's enforced houseclean underway

02 Sep 2022 - Westpac (ASX:WBC) has edged closer to being back in the regulatory good books after an announcement on Thursday by APRA, the banking sector’s key watchdog.

ASX climbs for 2nd day, up 0.8% at noon, spurred by resources and tech stocks

08 Jul 2022 - The Australian sharemarket has started on an optimistic note, with gains building for a second day. Hopes that the Federal Reserve can navigate a soft landing has spu…

Resources stocks weigh as recession fears grow: ASX closes 0.5% lower

06 Jul 2022 - Australian shares spent the afternoon in the red as commodity prices plunged on recession fears. The energy sector tumbled 5.8%, with materials down 5%. Real estate w…

Best day since January: ASX closes 1.9% higher in broad rally

27 Jun 2022 - The Australian sharemarket had its best day since January after the ASX 200 jumped in a broad rally that lifted all eleven sectors. Financials and energy led the pack…

Lithium miners extend rally, Imugene soars on positive data: ASX up 1.7% at noon

27 Jun 2022 - The ASX has rallied this morning with all eleven sectors in the green. Materials are leading the pack, up 2.6 per cent, followed by energy, up 2.4 per cent. The secto…

Nasdaq gains, Iron ore jumps 6%, Diverger, Centrepoint Alliance, Qantas on watch: ASX to open flat

24 Jun 2022 - Wall St jumps, gold slips, copper tumbles to a 16-month low while nymex crude is now off 14.6% from its recent peak on June 8. What to look out for on the ASX today.