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Westpac Banking Corp  (WBK)
Other Ticker:  
 
    Sector  Financial    Industry Money Center Banks
   Industry Money Center Banks
   Sector  Financial
 
Price: $0.0000 $0.00 %
Day's High: 0.00 Week Perf:
Day's Low: $ 0.00 30 Day Perf:
Volume (M): 0 52 Wk High: $ 0.00
Volume (M$): $ 0 52 Wk Avg: $0.00
Open: $0.00 52 Wk Low: $0.00



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) 3,686
 Employees -
 Revenues (TTM) (Millions $) 22,478
 Net Income (TTM) (Millions $) 7,201
 Cash Flow (TTM) (Millions $) 105,257
 Capital Exp. (TTM) (Millions $) 238

Westpac Banking Corp
Westpac Banking Corp is an Australian financial institution that offers a wide range of products and services to its customers. It is one of the "big four" banks in Australia and has a significant presence both domestically and across the Asia-Pacific region.

History:

Westpac Banking Corp was founded in 1817 and has a long history in Australia. Originally known as the Bank of New South Wales, it was the first bank to be established in Australia and played a significant role in the development of the country's economy.

Over the years, Westpac has merged with several other banks to become the institution it is today. In 1982, it merged with the Commercial Bank of Australia and in 1995, it merged with the Bank of Melbourne. More recently, in 2008, Westpac acquired St. George Bank, which helped to cement its position as one of the largest banks in Australia.

Products and Services:

Westpac offers a range of products and services to its customers, including personal banking, business banking, and wealth management. These products and services include:

1. Personal Banking: Westpac offers a range of personal banking services, including savings accounts, transaction accounts, credit cards, personal loans, and home loans. It also offers insurance and financial planning services to help customers manage their financial goals.

2. Business Banking: Westpac provides a range of business banking services, including loans, accounts, merchant services, and international trade services. It also offers business insurance and financial planning services to help businesses manage their finances.

3. Wealth Management: Westpac offers investment and wealth management services, including financial planning and investment advice, superannuation and retirement planning, and managed investment funds.

Technology:

Westpac has invested heavily in technology in recent years, with a focus on providing its customers with an efficient and convenient banking experience. It has introduced a range of digital banking services, including mobile banking, online banking, and its Westpac Live platform.

Westpac Live is an online banking platform that allows users to manage their accounts, make payments, and transfer money. It also provides access to a range of financial management tools, including budgeting and savings calculators.

Sustainability:

Westpac is committed to sustainability and has implemented a range of initiatives to reduce its environmental impact. It has committed to sourcing 100% renewable electricity by 2025 and aims to reduce its carbon emissions by 25% by 2025.

It has also implemented a range of social and community initiatives, including programs to promote financial literacy and support for disadvantaged communities.

Conclusion:

Westpac Banking Corp is a leading Australian financial institution that offers a range of products and services to its customers. It has a long history in Australia and has grown through mergers and acquisitions to become one of the largest banks in the country. It has invested heavily in technology to provide efficient and convenient banking services and is committed to sustainability and supporting the community.


   Company Address: 275 Kent Street Sydney 0 NY
   Company Phone Number: 551-1800   Stock Exchange / Ticker: WBK
   


   

Stock Performances by Major Competitors

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Ing Groep Nv

Despite Revenue Decline, ING Groep NV Sees Earnings Lifted by $1,861.44 Million Tax Provisions

The stock market can be a roller coaster ride for investors, with ups and downs that can leave even the most seasoned traders feeling anxious. However, it's important to remember that the market is always evolving and that not every decline should be cause for alarm. In fact, there are always opportunities to be found, even in the face of adversity.
One company that has recently experienced a decline in revenue is ING Groep NV. Their revenue took a hit, falling by 25.58% in the fiscal interval ending December 31, 2023. As a result, their profitability slumped by 65.37%. These numbers may sound alarming, but let's take a closer look at the bigger picture.

Banco Santander Brasil S A

Banco Santander Brasil S A Faces Critical Fiscal Period in Financial Fourth Quarter of 2023

Banco Santander Brasil S A, one of the largest banks in Brazil, experienced a significant decrease in their shares during February 2024. The shares went down by -3.4% compared to the previous month. However, when compared to the same period a year before, the shares actually increased by 2.34%. Despite this recent decline, Banco Santander Brasil S A shares are still trading at a price that is 19.3% higher than its 52-week low.
This decrease in Banco Santander Brasil S A shares can be attributed to the financial performance of the company in the fourth quarter of 2023. During this period, their income per share dropped by -34% to $229.68 per share, compared to $347.97 per share in the previous year. Furthermore, the revenue of the company experienced a sharp decline of -80.277% to $183.56 million, down from $930.69 million in the same reporting period a year before. Additionally, the net earnings of Banco Santander Brasil S A fell by -33.76% to $1,804.774 million in the fourth quarter of 2023, compared to $2,724.500 million in the corresponding period a year earlier.

Natwest Group Plc

Natwest Group Plc Shines Bright in Fourth Quarter with Impressive 8.095% Revenue Growth

As a financial journalist for the , I am excited to report on the impressive financial results of Natwest Group Plc in the fiscal fourth quarter of 2023. The company has not only shown growth in revenue but has also demonstrated significant improvement in its bottom-line performance.
In comparison to the previous year, Natwest Group Plc saw a notable increase in revenue, with a surge of 8.095% to $11.19 billion. This growth stands out against the backdrop of a challenging period for the Money Center Banks sector, where most peers have reported revenue contractions. Additionally, the company's net earnings for the quarter showed a remarkable improvement of 41.96%, reaching $0.48 per share compared to $0.34 in the prior year reporting season.

Hsbc Bank Plc

HSBC Bank Plc Achieves Break-Even Point in Fourth Quarter of 2023, Sees Significant Revenue Growth

HSBC Bank Plc, one of the largest financial institutions in the world, recently reported its financial results for the fiscal year ending December 31, 2023. The company reached a break-even point of $0.00 per share, showing a significant improvement compared to $0.74 per share in the previous year and remained consistent with the previous financial reporting period. This positive development reflects the bank's efforts to manage its costs effectively and improve its profitability.
Moreover, HSBC Bank Plc experienced a substantial increase in revenue during this period, with a growth rate of 31.341%. The company generated $2.35 billion in revenue, up from $1.79 billion in the same financial reporting period a year ago. This increase in revenue can be attributed to various factors, including improved market conditions and the bank's focus on expanding its customer base and product offerings.

Lloyds Banking Group Plc

Lloyds Banking Group Plc Posts Impressive Revenue Growth of 509.59% in Fourth Quarter of 2023

In its fourth quarter of the 2023 financial report, Lloyds Banking Group Plc saw an impressive revenue growth of 509.59% year on year to $35.41 billion. This significant increase in revenue sets Lloyds apart from its peers in the Money Center Banks sector, as most of its contemporaries have been experiencing a reduction in their top-line.
Although Lloyds' income only grew slightly to $0.08, this revenue surge is an encouraging sign for the company. It shows that Lloyds is resisting the overall trend within its sector and managing to generate substantial growth in revenue. In comparison to the previous quarter, Lloyds' income per share increased from $0.00 to $0.08, and net profits slightly decreased by -0.67% to $5,518.000 million.
Lloyds Banking Group Plc has clearly been focused on improving sales in the financial interval ending December 31, 2023. This emphasis on sales has led to a slight easing of the net margin to 15.59%. Despite this, operating earnings rose by 8.3% to $7,503 million.
Looking further into the operating results for the fiscal year 2023, Lloyds declared a total revenue of $35.41 billion and a bottom-line of $5.52 billion. This indicates a significant improvement in both revenue and profit compared to the prior fiscal year. In fact, income per share increased by 4.17% from $0.07 to $0.08, and revenue doubled by 509.59% from $5.81 billion.
This strong performance is impressive, especially considering the challenging conditions faced by the Money Center Banks sector. Lloyds' ability to achieve such robust growth in revenue demonstrates its resilience and adaptability in a volatile market. It also highlights the effectiveness of the strategies and initiatives implemented by the company.






 

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