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Westpac Banking Corp WBC Stock Quote

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Last close prices updated as of Jun 02, 2023, 4:10 PM EDT | AUD
  • Last Close 20.54
  • Sector Financial Services
  • Industry Banks - Diversified
  • Investment Style Large Value
  • Day Range 20.45  –  20.69
  • Year Range 18.80  –  24.50
  • Market Cap 72.0764 Bil
  • Volume / Avg 8.1 Mil /  6.7 Mil
  • Price / Sales 3.74
  • Price / Book 0.99
  • Forward Div Yield 6.82%
  • Trailing Div Yield 13.08%

Morningstar‘s Stock Analysis WBC

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Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price


5-Star Price


Economic Moat


Capital Allocation


Westpac Earnings: Margin Headwinds Mount and Cost-Out Loses Steam, but Shares Are Cheap

Nathan Zaia Senior Equity Analyst

Analyst Note

| Nathan Zaia |

Our fair value estimate for wide-moat Westpac is lowered 3% to AUD 28 per share on a 10% cut to our fiscal 2024 profit forecasts and an increase to medium-term operating costs, lifting the cost/income ratio in fiscal 2026 to 46% from 45% previously. Regulatory and compliance spending, and wages inflation are becoming increasingly difficult to offset with productivity savings.

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Key Statistics WBC

Company Profile WBC

Business Description

Westpac is Australia's oldest bank and financial services group, with a significant franchise in Australia and New Zealand in the consumer, small business, corporate, and institutional sectors, in addition to its major presence in wealth management. Westpac is among a handful of banks around the globe currently retaining very high credit ratings. The bank benefits from a large national branch network and significant market share, particularly in home loans and retail deposits.

275 Kent Street
Sydney, NSW, 2000, AUS
Industry Banks - Diversified
Employees 38,503

Related Articles WBC

Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of WBC’s competitive advantage.

Westpac Banking Corp


ANZ Group Holdings Ltd


Commonwealth Bank of Australia


National Australia Bank Ltd

−$0.06 (0.29%) +$0.04 (0.18%) +$0.11 (0.11%) −$0.25 (0.96%)
Market Cap
72.08 Bil68.29 Bil163.49 Bil80.73 Bil
Banks - Diversified Banks - Diversified Banks - Diversified Banks - Diversified
Financial Services
Financial Services
Financial Services
Financial Services

* Trading data in this section is delayed by at least 15 minutes.

FAQs for Westpac Banking Corp Stock

Yes. WBC has a forward dividend yield of 6.82%. See WBC’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

WBC’s market cap is 72.08 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

WBC’s stock style is Large Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

WBC’s price/sales is 3.69.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

WBC’s price/forward earnings is 11.78.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

WBC’s price/book is 0.99.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See WBC’s valuation ratios compared to the Market Index.

WBC’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare WBC’s historical performance against its industry peers and the overall market.