Analyst Note
| Nathan Zaia |The Australian major banks expectedly reported improvements in net interest margins, or NIMs, in the fourth quarter of fiscal 2022.
Westpac Banking Corp WBC Stock Quote
XASX:WBC
Morningstar‘s Stock Analysis WBC
Valuation
Currency in AUD
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Is it the right time to buy or sell?
1-Star Price
INVESTOR
5-Star Price
INVESTOR
Economic Moat
INVESTOR
Capital Allocation
INVESTOR
Australian Major Bank Margins Expected To Expand Further Despite Intense Competition
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Company Profile WBC
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
Sydney, NSW, 2000, Australia
T +61 291557713
Sector
Financial Services
Industry Banks - Diversified
Most Recent Earnings Sep 30, 2008
Fiscal Year End Sep 30, 2023
Employees
38,823