Westpac Banking Corporation (WEBNF) Research

Westpac Banking Corporation delivers a comprehensive range of banking and financial services, serving clients across Australia, New Zealand, the Americas, Asia, Europe, and other international regions. Its extensive portfolio includes diverse deposit accounts—such as everyday, savings, term deposit, business transaction, and foreign currency options—along with various lending products like home, personal, and business loans. Customers can also access credit cards, international and travel support, share trading, investment opportunities, and a full suite of insurance coverages for home, car, travel, life, and business needs. Beyond retail offerings, Westpac delivers sophisticated wholesale banking solutions, encompassing merchant and payment services, corporate and institutional banking, transaction banking, financial market services, corporate and structured finance, trade and supply chain financing, and specialized industry banking and treasury services. Comprehensive online banking tools are also available across all segments. The institution caters to a broad clientele, ranging from individual consumers, micro, small, and medium enterprises (SMEs), and private wealth clients, to large commercial businesses, corporations, institutions, and government entities. Founded in 1817 as the Bank of New South Wales, the company adopted its current name, Westpac Banking Corporation, in October 1982. It is headquartered in Sydney, Australia.

Market snapshot

Symbol
WEBNF
Price
$24.61
Day change
-0.16%
Market cap
$119.6B
P/E ratio
17.06x
52-week range
19.75-30.71
Sector
Financial Services
Industry
Banks - Diversified
Analyst price target
$33.82

Recent news

  • Australia's Westpac first-half profit growth misses estimates on margin pressure

    Westpac Banking Corp reported ​weaker-than-expected growth in its first-half net ‌profit on Tuesday, hurt by lending competition, higher credit impairment charges and lower Treasury income, which ​also squeezed the lender's margins.

Peer companies

  • ANZ Group Holdings Limited (ANZGY)
  • Barclays PLC (BCLYF)
  • Bank of Communications Co., Ltd. (BKFCF)
  • BNP Paribas S.A. (BNPQF)
  • BNP Paribas S.A. (BNPQY)
  • ING Groep N.V. (INGVF)
  • Mizuho Financial Group, Inc. (MZHOF)
  • National Australia Bank Limited (NABZY)

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