ASX:WBC

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ASX:WBC

The Westpac Group (ASX:WBC) settles AUSTRAC case for $1.3 billion

24 Sep 2020 - The Westpac Group (ASX:WBC) has reached an agreement with AUSTRAC and resolved to pay a $1.3 billion fine for breaching anti-laundering laws.

ASX cements 3 day losing streak: Shares finish 0.7% lower

21 Sep 2020 - The local sharemarket has ended the session firmly in the red cementing a 3 day losing streak. At the closing bell the S&P/ASX 200 finished 0.7 per cent lower or 42 p…

ASX higher: Macquarie drags after flagging $300m hit to profits

14 Sep 2020 - Australian shares have opened firmly higher this morning with strong gains from major resources stocks offsetting a heavy loss from Macquarie Group.

A charting look at Westpac shares

24 Aug 2020 - Fairmont Equities Managing Director Michael Gable takes a technical look at Westpac Banking Corp (ASX:WBC), Lovisa Holdings (ASX:LOV), Eagers Automotive (ASX:APE) and…

Suncorp Group (ASX:SUN) set to divest oil and gas: Aus shares down 0.3% over week

21 Aug 2020 - After a strong start, the ASX slumped mid-session and tracked sideways for most of the afternoon to finish the day 0.1 per cent lower. Suncorp (ASX:SUN) jumped over 1…

Westpac (ASX:WBC) to divest vendor finance business

21 Aug 2020 - Westpac Banking Corporation (ASX:WBC) has sold its vendor finance business, Strategic Alliances, to Angle Finance.

RBA confirms severe economic downturn: Aus shares close 0.8% higher

18 Aug 2020 - The Australian share market rose at the open and closed 0.8 per cent higher. The Reserve Bank of Australia confirmed the economic downturn in Australia was the most s…

Westpac (ASX:WBC) declare no first-half dividend

18 Aug 2020 - Westpac (ASX:WBC) report unaudited statutory net profit for 3Q20 was $1.12 billion.

Westpac to bring back 1,000 jobs: Aus shares close 0.23% lower

29 Jul 2020 - The markets flatlined this afternoon after a dip around midday. The local bourse closed 0.2 per cent lower. The Consumer Price Index fell 1.9 per cent in the June q…

Loss of jobs greatest in VIC - ABS: Aus shares close 0.4% lower

28 Jul 2020 - The Australian share market rose at the open following strong mining stocks but fell during the session, closing 0.4 per cent down at the end of trade. Total payroll …

Westpac (ASX:WBC) appoints new COO

28 Jul 2020 - Westpac (ASX:WBC) appoints Scott Collary as its new COO, its Group Executive Gary Thursby is set to depart, and announces a new Group Operating Office.

Tensions rise between the US and China once again: ASX poised to open higher

23 Jul 2020 - The ASX looks set to open slightly higher this morning despite tensions rising between the US and China. The United States has ordered China to close its consulate in…

Cedar Woods (ASX:CWP) forecasts 50%+ drop in profit: Aus shares gain 1.9% over the week

17 Jul 2020 - The Australian share market rose in early trade, slumped mid-session as the reintroduction of some pandemic restrictions weighed on the market, then jumped in the las…

Westpac (ASX:WBC) slapped with class action lawsuit

17 Jul 2020 - Westpac Banking Corporation (ASX:WBC) has been served with a class action filed by Maurice Blackburn Lawyers.

The information technology sector drags on the market: ASX closed 0.6% lower

14 Jul 2020 - The ASX sank at the open, the local bourse closed 0.6 per cent lower. Shares in Credit Corp Group (ASX:CCP) and the Breville Group (ASX:BRG) rose today meanwhile shar…

Slight recovery in jobs before Vic lockdown: ASX 0.5% lower at noon

14 Jul 2020 - The Australian share market dropped at the open and is now tracking almost 0.5 per cent lower at noon. The Breville Group (ASX:BRG) rose over 7 per cent today meanwhi…

Local shares tipped to slip: Virus concerns persist

06 Jul 2020 - The local sharemarket looks set to start the new week lower following weak leads from European markets. Wall Street was closed for the Independence day holiday on Fri…

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 …