Westpac Banking

High Mortgage Arrears for Westpac


Troubles in Westpac's (ASX:WBC) mortgages sector were blamed on cost of living pressures and higher interest rates by chief executive Gail Kelly. Kelly quashed the claims that Westpac's aggressive lending was a factor in the mortgage woes.

38% Cash Profit Rise for Westpac


Westpac's (ASX:WBC) first half net cash profit added 38 percent or $3.961 billion for the six months to end of March, after mortgage price increases in November and reduced bad debt charges.

Westpac Record Profit of $6.35 Billion


Australia's second largest bank, Westpac (ASX:WBC) has announced a record profit of $6.35 billion. Australia's top four banks have announced a record combined annual profit of $21.3 billion, from $14.5 billion last year.

Westpac Dividends

Westpac Dividends

9 August, 2010 - 23:13

Study the historical dividends for WESTPAC BANKING CORPORATION. Dividends are a portion of company profits paid out to shareholders. You are eligible to receive WBC dividends if you own the company's stock on the ex-dividend date. Investor's must have purchased the stock before the ex dividend date to be entitled to the dividend. The previous owner of the shares will receive the WBC dividend if you buy the stocks on or after the ex dividend date. The Pay Date or the Date Payable is the day when the dividend is paid to shareholders.

Banking Sector Update


Here are the Macquarie Research Equities (MRE) highlights on some of the recent impacts experienced by the Australian Banking Sector.

Bank Opportunities

The Australian Banks outperformed the market by 3.3% last week, yet are still trading significantly below their November 2007 highs. Headlining recent developments in this area has been the proposed merger between WBC and SGB. Macquarie Research Equities (MRE) review the week in question and reaffirm their guidance for the sector. Click through to find out more…

Banking Sector Impacts

Banking Sector Update Today


Macquarie Research Equities (MRE) highlighted some of the recent impacts experienced by the Australian Banking Sector.

Banking Sector – Westpac (WBC) Looks to Slay the Dragon

The Strain of rising interest rates, spiking inflationary pressure and low levels of consumer sentiment seemed to take its toll on the Aussie banks last week as they underperformed the market by 4.3%. Macquarie Research Equities (MRE) discusses the key highlights of the week and the implications for the sector. With the exclusivity period for the SGB merger ending, what’s next?

Banking Sector Update


Australian Banking Sector Update provided by Australian stockmarket analyst Macquarie Research Equities.

Banking Sector Revisited

National Australia Bank (NAB) Technical Update


National Australia Bank (NAB) has a particularly strong result in cost control and therefore an excellent operating performance from stockmarket analyst Macquarie Research Equities.

National Australia Bank (NAB): Dividend Yield Play – 10 Days to Go!

t’s bank dividend season again, and NAB follows ANZ and WBC this year with a $0.97 fully franked dividend, going ex-div on Friday 30th May. If you are looking for a high dividend trade, the following Dividend Yield Play strategy for the upcoming NAB dividend could be an interesting trade idea. .

Australian Banking Sector Update


Here are the Macquarie Research Equities (MRE) highlights for some of the recent impacts experienced by the Australian Banking Sector.

Banking Sector – Westpac Banking (WBC) Looks to Slay the Dragon

Westpac Banking (WBC) Update


Westpac Banking (WBC) has a $25.90 share price target from Australian stock analyst Macquarie Research Equities.

Answering the $64bn question: 1 SGB = 1.31 WBC

Westpac Banking (WBC)/St George Bank (SGB) confirm terms: implies $33.10 p/SGB share ex 88cps div:

Key details: (1) WBC has a 2 wk exclusivity arrangement (2) EPS accretive in Yr3, although no synergies stated (3) key brands, branches and ATMs maintained (4) ACCC, APRA and Treasurer approval required (5) subject to no higher offer and independent expert report findings.

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