Westpac Banking Corp
WBC: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| A$45.00 | Ggwwl | Jqyyqkww |
Westpac Turnaround Continues on Loan Growth and Cost Containment
Business Strategy and Outlook
Westpac Bank is the second-largest of Australia’s four major banks. The bank provides a range of banking and financial services to retail and business customers, including mortgages, consumer finance, credit cards, business loans, and term deposits. Under new leadership, most nonbanking units have been divested, including general, life, and mortgage insurance.