Westpac Banking Corporation released its earnings results on May 07, 2023. The company reported AU$1.077 earnings per share for the quarter, missing the consensus estimate of AU$1.079 by -AU$0.002.

Is Westpac Banking Corporation overvalued?

According to Wall Street analysts Westpac Banking Corporation’s price is currently Undervalued. Get more investment ideas with TipRanks Premium

Does Westpac Banking Corporation pay dividends?

Westpac Banking Corporation pays a Annually dividend of AU$0.7 which represents an annual dividend yield of 6.86%. See more information on Westpac Banking Corporation dividends here

What is Westpac Banking Corporation’s EPS estimate?

Westpac Banking Corporation’s EPS estimate is AU$0.94.

How many shares outstanding does Westpac Banking Corporation have?

Westpac Banking Corporation has 3,509,077,000 shares outstanding.

What happened to Westpac Banking Corporation’s price movement after its last earnings report?

Westpac Banking Corporation reported an EPS of AU$1.077 in its last earnings report, missing expectations of AU$1.079. Following the earnings report the stock price went up 2.028%.

Which hedge fund is a major shareholder of Westpac Banking Corporation?

Currently, no hedge funds are holding shares in AU:WBC

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Westpac Banking Stock Smart Score

Underperform

Fundamentals

Return on Equity

8.60%

Trailing 12-Months

Asset Growth

-5.79%

Trailing 12-Months

The Westpac Banking Holdings stock analysis is based on the TipRanks Smart Score which is derived from 6 unique data sets including Analyst recommendations, Media Sentiment and multiple Technical stock factors. The Smart Score is a quantitative, data-driven rating system and does not include human intervention.

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Company Description

Westpac Banking Corporation

Westpac Banking Corp. engages in the provision of banking and financial services. It operates through the following segments: Consumer Bank, Business Bank, BT Financial Group (Australia), Westpac Institutional Bank, Westpac New Zealand and Group Businesses. The Consumer Bank segment covers consumer banking products and services under the Westpac, St. George, BankSA, Bank of Melbourne and RAMS brands. The Business Bank segment involves in sales and customer service of small-to-medium enterprise, commercial and agribusiness customers under the Westpac, St.George, Bank of Melbourne and BankSA brands. The BT Financial Group (Australia) segment manages wealth and insurance division. The Westpac Institutional Bank segment delivers a range of financial services to commercial, corporate, institutional, and government customers. The Westpac New Zealand segment comprises sales and service of banking, wealth, and insurance products for consumer, business, and institutional customers. The Group Businesses segment treasury which is responsible for the management of the Group's balance sheet, group technology which includes functions for the Australian businesses, and core support which covers functions performed centrally, including Australian banking operations, property services, strategy, finance, risk, compliance, legal, human resources, and customer and corporate relations. The company was founded in 1817 and is headquartered in Sydney, Australia.

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