Bryan joined the Caltex board in July 2002 and became chairman in October 2007. She is a director of Westpac Banking Corporation WBC . Julian Segal was appointed managing director (MD) and chief executive officer (CEO) in July 2009. Prior to Caltex he was
By John Vincent : This article is part of a series that provides an ongoing analysis of the changes made to Berkshire Hathaway's US stock portfolio on a quarterly basis. It is based on Warren Buffett's regulatory 13F Form filed on 08/14/2014. Please visit our Tracking 10 Years Of Berkshire ...
All four major banks, ANZ Bank, Commonwealth Bank (ASX:CBA), National Australia Bank (ASX:NAB) and Westpac (ASX: WBC ), have extensive pricing power, efficient scale, low-cost operations, trusted brands, and very profitable operations
price/earnings multiple of 10.7 times, compared with 13.9 times for Commonwealth Bank (CBA), 11.9 times for Westpac ( WBC ) and 11.4 times for ANZ Bank (ANZ). Near-term earnings growth is premised on improved net interest margins, good cost
National Oilwell Varco NOV, Wal-Mart Stores WMT, U.S. Bancorp USB, International Business Machines IBM, and Wabco Holdings WBC . The total cost for those purchases was in the neighborhood of $900 million (based on our estimates). The company also received
Robust revenue growth and sharply lower bad debts boosted Westpac's WBC first-half cash profit to AUD 3.53 billion, up a very impressive 10% on first-half 2012. The strong result is hard to
0% to match bank peer National Australia Bank NAB. We believe business-focused ANZ and NAB justify a slightly higher cost of equity than retail heavyweights Commonwealth Bank (CBA) CBA and Westpac ( WBC ) WBC which is set at 9.5%.
We are confident of our earnings forecasts for Westpac WBC and, compared with first-half fiscal 2012, expect a 9% increase in first-half 2013 cash net profit after tax (NPAT) to
Westpac WBC recently showcased the Australian Financial Services (AFS) division franchise with particular emphasis on strategy, capability
incorporating lower costs. NAB's cost-to-income ratio is improving and at 43% is second only to Westpac Banking Corporation WBC at 41%. We upgrade our forecasts and increase our fair value estimate from AUD 33.00 to AUD 35.00 per share due to increasing