WESTPAC BANKING CORPORATION (WBC)
Share Price Analysis and Chart

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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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Access Stockbroker Research History >

WBC STOCK CHART

FNArena News on WBC

1
February In Review: ASX Rises Five Consecutive Months

Mar 04 2021 - Australia
2
Makeover Of The Investment Platform Sector

Feb 18 2021 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Feb 15, 2021

Feb 15 2021 - Daily Market Reports
4
Rudi’s View: A February Full Of Promise

Feb 12 2021 - Rudi's View
5
January in Review: Rotation, Volatility, Net Flat

Feb 05 2021 - Australia

Latest Banks News

1
Bank Of Queensland Scaling Up

Feb 23 2021 - Australia
2
Westpac Between APRA And A Hard Place

Dec 09 2020 - Australia
3
The Dilemma For Bank Investors

Nov 18 2020 - Australia
4
Bendigo & Adelaide Bank In A Holding Pattern

Oct 28 2020 - Australia
5
Bank Of Qld Outlook Hangs In The Balance

Oct 16 2020 - Australia
6
CBA: Expensive And Justified, Or Maybe Not?

Oct 09 2020 - Australia
7
Australian Banks: Back To The Future

Sep 30 2020 - Feature Stories
8
Bank Of Queensland Veers Conservatively

Sep 30 2020 - Australia
9
Rudi’s View: All Eyes On November 3

Sep 24 2020 - Rudi's View
10
Bank Recovery Likely To Be Drawn Out

Sep 15 2020 - Australia