Westpac Banking Corp (WBC) Quote - XASX | Morningstar

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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

A Less Uncertain Future for Australian Banks, Particularly on the Downside

Senior Equity Analyst Nathan Zaia

Nathan Zaia Senior Equity Analyst

Analyst Note

| Nathan Zaia | May 18, 2022

We bring our uncertainty ratings on the major banks back to medium, from high, as we believe COVID-19-related risks have materially subsided.

Read Full Analysis

Westpac Banking Corp's Company Profile

Business Description

Westpac is Australia's oldest bank and financial services group, with a significant franchise in Australia and New Zealand in the consumer, small business, corporate, and institutional sectors, in addition to its major presence in wealth management. Westpac is among a handful of banks around the globe currently retaining very high credit ratings. The bank benefits from a large national branch network and significant market share, particularly in home loans and retail deposits.

Contact

275 Kent Street
Sydney, NSW, 2000, Australia

T +61 291557713

www.westpac.com.au

Sector Financial Services

Industry Banks - Diversified

Most Recent Earnings Sep 30, 2008

Fiscal Year End Sep 30, 2022

Stock Type —

Employees 38,823

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