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Westpac Banking Corp WBC Stock Quote

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Morningstar‘s Stock Analysis WBC

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Australian Major Bank Margins Expected To Expand Further Despite Intense Competition

Nathan Zaia Senior Equity Analyst

Analyst Note

| Nathan Zaia |

The Australian major banks expectedly reported improvements in net interest margins, or NIMs, in the fourth quarter of fiscal 2022.    

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Key Statistics WBC

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.

275 Kent Street
Sydney, NSW, 2000, Australia
T +61 291557713
Industry Banks - Diversified
Most Recent Earnings Sep 30, 2008
Fiscal Year End Sep 30, 2023
Employees 38,823