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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Westpac Banking Corporation    WBC   AU000000WBC1

WESTPAC BANKING CORPORATION

(WBC)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 01/22
21.78 AUD   -0.18%
01/19WESTPAC BANKING : MI Consumer Sentiment January (PDF 134KB)
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Australia shares recover ground ahead of cenbank decision; China tensions weigh

11/30/2020 | 07:45pm EST

* RBA expected to hold cash rate at 0.1% - Reuters poll

* Westpac falls on allegations of liquidity standards breach

* Santos upgrades 2020 production view, shares up 1.5%

Dec 1 (Reuters) - Australian shares on Tuesday clawed higher from a sharp decline in the previous session, though rising tensions with largest trading partner China kept gains in check as investors awaited the central bank's decision on benchmark rate.

The S&P/ASX 200 index was up 0.3% at 6,537.5 by 2350 GMT. The benchmark index closed 1.3% lower on Monday, but posted a record monthly gain of nearly 10%.

The Reserve Bank of Australia is expected to hold its cash rate at a historic low of 0.1% at its monthly policy meeting later in the day, according to a Reuters poll.

The decision comes a day ahead of the third-quarter gross domestic product data, which is expected to show a 2.5% growth in the economy in September quarter, a rebound from a record 7% contraction in the previous quarter, according to a Reuters poll.

Limiting gains in the index were tensions between Canberra and Beijing that flared after Australian Prime Minister demanded an apology from Beijing over a fake image posted on social media of an Australian soldier holding the knife to the throat of an Afghan child.

Relations between the two trading partners were already at a low following the imposition of anti-dumping tariffs by China on Australian wine imports.

Healthcare firms were the top boost to the index, with CSL Ltd and Cochlear jumping 2% and 2.6%, respectively.

Financials were among the top drags on the benchmark, with Westpac slipping as much as 1.2% after country's prudential regulator said the bank breached liquidity standards over the past two years.

Most blue-chip energy stocks declined amid a drop in oil prices, though Santos gained up to 1.5% after the gas producer raised its 2020 output forecast and lowered production cost expectations.

In New Zealand, the benchmark S&P/NZX 50 index was down 0.4% at 12,715.94, with financials weighing the most.

(Reporting by Sameer Manekar in Bengaluru, Editing by Sherry Jacob-Phillips)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
COCHLEAR LIMITED 0.63% 197.9 End-of-day quote.4.71%
CSL LIMITED 2.17% 274.6 End-of-day quote.-3.03%
S&P/ASX 200 0.23% 6820.4 Real-time Quote.3.24%
SANTOS LIMITED -2.57% 7.21 End-of-day quote.14.99%
WESTPAC BANKING CORPORATION -0.18% 21.78 End-of-day quote.12.44%
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Financials
Sales 2021 20 100 M 15 518 M 15 518 M
Net income 2021 5 223 M 4 032 M 4 032 M
Net Debt 2021 - - -
P/E ratio 2021 15,5x
Yield 2021 4,17%
Capitalization 79 362 M 61 241 M 61 271 M
Capi. / Sales 2021 3,95x
Capi. / Sales 2022 3,92x
Nbr of Employees 36 849
Free-Float 99,6%
Chart WESTPAC BANKING CORPORATION
Duration : Period :
Westpac Banking Corporation Technical Analysis Chart | WBC | AU000000WBC1 | MarketScreener
Technical analysis trends WESTPAC BANKING CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 22,45 AUD
Last Close Price 21,78 AUD
Spread / Highest target 24,0%
Spread / Average Target 3,08%
Spread / Lowest Target -31,1%
EPS Revisions
Managers and Directors
NameTitle
Peter Francis King Chief Executive Officer, MD & Director
John McFarlane Chairman
Scott Collary Chief Operating Officer
Michael Rowland Chief Financial Officer
Peter Ralph Marriott Independent Non-Executive Director
Sector and Competitors