Stock WBC WESTPAC BANKING CORPORATION
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Company Westpac Banking Corporation

Equities

WBC

AU000000WBC1

Banks

Delayed Australian S.E.
Other stock markets
 02:11:01 2024-06-07 am EDT 		5-day change 1st Jan Change
26.97 AUD 0.00% Intraday chart for Westpac Banking Corporation +3.81% +17.77%
Jun. 03 Australia government launches first Green Treasury Bond RE
May. 30 Miners, banks drag Australian shares lower as rate woes weigh RE

Business Summary

Westpac Banking Corporation is an Australia-based company that provides banking and selected financial services, operating under multiple brands, and predominantly in Australia and New Zealand, with a small presence in Europe, North America and Asia. Its segments include Consumer, Business and Wealth, Westpac Institutional Bank (WIB), Westpac New Zealand and Group Businesses. Consumer segment provides a full range of banking products and services to customers in Australia through three lines of business consisting of mortgages, consumer finance and cash and transactional banking. Business and Wealth segment comprises business banking, wealth management, private wealth, Westpac Pacific and auto finance. The WIB segment delivers a range of financial products and services to corporate, institutional and government customers. Westpac New Zealand segment provides banking, and wealth products and services for consumer, business and institutional customers in New Zealand.

Number of employees: 33,395

Sales per Business

AUD in Million2022Weight2023Weight Delta
Consumer
44.0 %
9,597 48.9 % 9,534 44.0 % -0.66%
Business
20.7 %
3,356 17.1 % 4,475 20.7 % +33.34%
Westpac Institutional Bank
13.4 %
2,249 11.5 % 2,891 13.4 % +28.55%
Westpac New Zealand
11.8 %
2,503 12.8 % 2,557 11.8 % +2.16%
Specialist Businesses
6.1 %
322 1.6 % 1,312 6.1 % +307.45%
Group Businesses
4.0 %
974 5.0 % 876 4.0 % -10.06%

Sales per region

AUD in Million2022Weight2023Weight Delta
Australia
85.4 %
20,198 78.6 % 40,222 85.4 % +99.14%
New Zealand
10.7 %
5,010 19.5 % 5,053 10.7 % +0.86%
Other Overseas
3.8 %
488 1.9 % 1,805 3.8 % +269.88%

Managers

Managers TitleAgeSince
Peter King CEO
 Chief Executive Officer 54 93-12-31
Michael Rowland DFI
 Director of Finance/CFO 63 20-07-13
Richard Holmes CTO
 Chief Tech/Sci/R&D Officer - 14-11-30
Scott Collary CTO
 Chief Tech/Sci/R&D Officer 60 20-10-31
Justin McCarthy IRC
 Investor Relations Contact - 22-12-31
Yianna Papanikolaou PRN
 Corporate Officer/Principal 47 22-04-30
Joanne Dawson TRE
 Treasurer - 03-04-30
Carolyn Mccann PRN
 Corporate Officer/Principal - 23-07-31
Anthony Miller PRN
 Corporate Officer/Principal - 23-07-31
Christine Parker HRO
 Human Resources Officer 64 06-12-31

Members of the board

Members of the board TitleAgeSince
Nora Scheinkestel BRD
 Director/Board Member 64 21-02-28
Tim Burroughs BRD
 Director/Board Member 70 23-03-09
Michael Ullmer BRD
 Director/Board Member 72 23-04-02
Steven Gregg CHM
 Chairman 63 Nov. 06
Nerida Caesar BRD
 Director/Board Member 59 17-08-31
Peter Nash BRD
 Director/Board Member 62 18-02-28
Margie Seale BRD
 Director/Board Member 63 19-02-28
Audette Exel BRD
 Director/Board Member 61 21-08-31
Peter King CEO
 Chief Executive Officer 54 93-12-31

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 0 4,302,984 0 4,302,984 ( 100.00 %) 98.75 %
Stock B 1 3,474,634,510 3,435,446,891 ( 98.87 %) 4,054,004 ( 0.1167 %)

Shareholders

NameEquities%Valuation
The Vanguard Group, Inc.
5.649 %
196,209,089 5.649 % 3 308 M $
State Street Global Advisors Trust Co.
1.080 %
37,520,013 1.080 % 632 M $
DFA Australia Ltd.
0.6130 %
21,291,230 0.6130 % 359 M $
Advance Asset Management Ltd.
0.4887 %
16,975,412 0.4887 % 286 M $
Netwealth Investments Ltd.
0.4511 %
15,669,646 0.4511 % 264 M $
Australian Foundation Investment Co. Ltd. (Invt Mgmt)
0.4355 %
15,125,024 0.4355 % 255 M $
BetaShares Capital Ltd.
0.3418 %
11,872,740 0.3418 % 200 M $
Pendal Group Ltd. (Investment Management)
0.2763 %
9,595,782 0.2763 % 162 M $
Argo Investments Ltd. (Investment Management)
0.2421 %
8,407,648 0.2421 % 142 M $
Westpac RE Ltd.
0.2278 %
7,912,350 0.2278 % 133 M $
NameEquities%Valuation
BetaShares Capital Ltd.
1.536 %
22,275,348 1.536 % 15 M $
Coolabah Capital Institutional Investments Pty Ltd.
0.0238 %
345,268 0.0238 % 233 954 $
NameEquities%Valuation
BetaShares Capital Ltd.
1.272 %
19,206,656 1.272 % 13 M $
Coolabah Capital Institutional Investments Pty Ltd.
0.0162 %
245,024 0.0162 % 168 319 $
NameEquities%Valuation
BetaShares Capital Ltd.
1.273 %
22,275,355 1.273 % 15 M $
Coolabah Capital Institutional Investments Pty Ltd.
0.0703 %
1,230,421 0.0703 % 836 526 $
NameEquities%Valuation
BetaShares Capital Ltd.
127.29 %
21,515,474 127.29 % 14 M $
Coolabah Capital Institutional Investments Pty Ltd.
1.265 %
213,871 1.265 % 143 738 $
NameEquities%Valuation
Coolabah Capital Institutional Investments Pty Ltd.
0.0375 %
645,522 0.0375 % 44 M $
BetaShares Capital Ltd.
0.0128 %
219,305 0.0128 % 15 M $

Holdings

NameEquities%Valuation
FABRINET
2.43%
 876,801 2.43% 210,020,144 $
MICROSOFT CORPORATION
0.00%
 249,561 0.00% 103,600,258 $
CHART INDUSTRIES, INC.
1.46%
 625,862 1.46% 98,279,110 $
LAZARD, INC.
2.58%
 2,251,184 2.58% 90,565,132 $
HECLA MINING COMPANY
2.44%
 15,290,038 2.44% 90,058,324 $
NVIDIA CORPORATION
0.00%
 76,613 0.00% 83,993,130 $
APPLE INC.
0.00%
 374,242 0.00% 71,948,025 $
AMAZON.COM, INC.
0.00%
 311,602 0.00% 54,979,057 $
GERDAU S.A.
1.06%
 14,766,239 1.06% 51,091,187 $
CRA INTERNATIONAL, INC.
4.18%
 289,233 4.18% 50,896,331 $

Company contact information

Westpac Banking Corp.

275 Kent Street Level 18

2000, Sydney

+61 2 9155 7713

http://www.westpac.com.au/
address Westpac Banking Corporation(WBC)

Group companies

NameCategory and Sector
Westpac Bank-PNG Ltd.
Logo Westpac Bank-PNG Ltd.

Westpac Bank-PNG Ltd.

Regional BanksFinance

Westpac Bank-PNG Ltd. engages in the provision of retail banking services and financial services. It provides personal, business, and online banking services. The company was founded in 1910 and is headquartered in Port Moresby, Papua New Guinea.

Regional Banks
Westpac Capital Markets LLC
Logo Westpac Capital Markets LLC

Westpac Capital Markets LLC

Investment Banks/BrokersFinance

Part of Westpac Capital Markets Holding Corp., Westpac Capital Markets LLC is a company based in New York, NY.

Investment Banks/Brokers
Westpac Securities NZ Ltd.
Logo Westpac Securities NZ Ltd.

Westpac Securities NZ Ltd.

Financial ConglomeratesFinance

Part of Westpac Banking Corp., Westpac Securities NZ Ltd. provides offshore funding services. The company is based in Auckland, New Zealand.

Financial Conglomerates
BT Property Securities Index Fund
Investment Trusts/Mutual Funds
Westpac Europe Ltd.
Logo Westpac Europe Ltd.

Westpac Europe Ltd.

Major BanksFinance

Founded in 1853, Westpac Europe Ltd. is a British commercial banking company that provides banking services. The company is based in London, UK and is a subsidiary of Westpac Banking Corp.

Major Banks
The Trustee for Advance Emerging Markets Fund
Investment Trusts/Mutual Funds
Bt Portfolio Services Ltd.
Westpac New Zealand Ltd.
Logo Westpac New Zealand Ltd.

Westpac New Zealand Ltd.

Regional BanksFinance

Westpac New Zealand Ltd. engages in the provision of consumer and business banking. It provides personal, business, agribusiness and institutional services which include bank accounts, home loans, credit cards, personal loans, insurance, investments and kiwi saver, international and migrant, payment solutions, business insurance, economic updates, farm finance and credit cards, agri information, transactional services and debt capital markets. The company was founded in 1861 and is headquartered in Auckland, New Zealand.

Regional Banks
Westpac Banking Corp. Uk Staff Superannuation Scheme
Investment Managers

Sector

Financials
Banking & Investment Services
Banking Services
Banks
Other Banks

Sales per Business

Sales per region

Ratings for Westpac Banking Corporation

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
15
Last Close Price
26.97 AUD
Average target price
24.98 AUD
Spread / Average Target
-7.39%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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