Analyst Note
| Nathan Zaia |We bring our uncertainty ratings on the major banks back to medium, from high, as we believe COVID-19-related risks have materially subsided.
1-Star Price
PREMIUM
5-Star Price
PREMIUM
Economic Moat
PREMIUM
Capital Allocation
PREMIUM
We bring our uncertainty ratings on the major banks back to medium, from high, as we believe COVID-19-related risks have materially subsided.
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.