WESTPAC BANKING CORPORATION (WBC)
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WBC - WESTPAC BANKING CORPORATION

FNArena Sector : Banks
Year End: September
GICS Industry Group : Banks
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Westpac is an Australian bank and financial services provider. It is Australia's oldest bank, being established in Sydney as the Bank of NSW in 1817. It is the second largest bank by market cap. It listed on the ASX in July 1970.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$24.87

05 Mar
2021

0.030

OPEN

$24.82

0.12%

HIGH

$25.00

7,754,868

LOW

$24.65

TARGET
$25.686 3.3% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ABA . ANZ . BEN . BOQ . CBA . NAB . SUN . GMA . MOC . AFG . MYS . RMC . VUK .
MARKET CONSENSUS FORECAST
WBC: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 72.5 174.3 xxx
DPS (cps) xxx 31.0 122.9 xxx
EPS Growth xxx - 63.4% 100.0% xxx
DPS Growth xxx - 82.2% 100.0% xxx
PE Ratio xxx N/A 14.3 xxx
Dividend Yield xxx N/A 4.9% xxx
Div Pay Ratio(%) xxx 42.8% 70.5% xxx

Dividend yield today if purchased 3 years ago: 1.04%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

1.25

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 11/11 - 31c (100%)

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.9

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

18/02/2021

1

Buy

$25.50

2.53%

UBS suggests the tide has turned at Westpac and the first quarter trading update was much more upbeat. The decision to release 10% of credit provisions was explained by better economic outlook and improvements in asset quality across the book.

The CET1 ratio was above expectations at 11.9%. The broker considers Westpac is on a multi-year turnaround with attention now on the three-year cost reduction plan that will be announced at the May results. Buy rating retained. Target rises to $25.50 from $23.50.

FORECAST
UBS forecasts a full year FY21 dividend of 125.00 cents and EPS of 190.00 cents.
UBS forecasts a full year FY22 dividend of 130.00 cents and EPS of 185.00 cents.

Credit Suisse

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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WBC STOCK CHART