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Westpac Banking ( (AU:WBC) ) has provided an update.
Westpac Banking Corporation has announced an update regarding its ongoing on-market buy-back of ordinary fully paid securities. As of the latest update, the bank has repurchased a total of 86,783,751 securities, with an additional 250,000 securities bought back on the previous day. This buy-back initiative is part of Westpac’s strategy to manage its capital structure and return value to shareholders, potentially impacting its market position and shareholder returns.
The most recent analyst rating on (AU:WBC) stock is a Sell with a A$25.80 price target. To see the full list of analyst forecasts on Westpac Banking stock, see the AU:WBC Stock Forecast page.
More about Westpac Banking
Westpac Banking Corporation is a major financial services provider in Australia, primarily offering banking products and services. It focuses on personal, business, and institutional banking, serving a wide range of customers across the region.
YTD Price Performance: -1.07%
Average Trading Volume: 5,736,032
Technical Sentiment Signal: Buy
Current Market Cap: A$106.7B
Learn more about WBC stock on TipRanks’ Stock Analysis page.