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Westpac Banking Corp - Stock Quote WBC

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Morningstar's Westpac Banking Corp Stock Analysis

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

Nathan Zaia Senior Equity Analyst

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.

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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.

275 Kent Street
Sydney, NSW, 2000, Australia
T +61 291557713
Sector Financial Services
Industry Banks - Diversified
Most Recent Earnings Sep 30, 2008
Fiscal Year End Sep 30, 2022
Stock Type
Employees 38,823