Is WBK a buy? - Seeking Alpha

Quote & Headlines Market Currents StockTalk

Today 5d 1m 3m 1y 5y 10y

52wk high:

52wk low:

EPS:

PE:

Div Rate:

Yield:

Market Cap:

Volume:

557 people get WBK articles and Market Currents by email alert.

Get email alerts on WBK »

HEADLINES:

Why Australian Equity Market Is Prone To Violent Corrections
David Hunkar • Mon, May 6 • 1 Comment
My Q2 Dividend Growth Watch List
Bob Wells • Fri, May 3 • 92 Comments
Westpac Banking's CEO Discusses F2Q 2013 and 1H13 Results - Earnings Call Transcript
Fri, May 3
My Dividend Growth Portfolio: Q1 Update
Integrator • Mon, Apr 15 • 21 Comments
9 NYSE International 100 Dogs Hunt 6.5% To 24.7% Net Gains In April
Fredrik Arnold • Thu, Apr 11 • 8 Comments
Why I Prefer Australian Banks To American Banks
Mark Piro • Thu, Apr 11 • 15 Comments
Westpac Banking's CEO Hosts Australian Financial Services Divisional Update Conference (Transcript)
Tue, Mar 26
Investing In American Depository Receipts: A Close Look At 4 Names
Eric Hyder • Tue, Mar 19 • 7 Comments
My Dividend Growth Portfolio Strategy
Integrator • Mon, Mar 11 • 71 Comments
The Top 20 Australian Companies By Market Capitalization
David Hunkar • Wed, Mar 6 • 1 Comment
Are Australian Cyclical Stocks Cheap Now?
David Hunkar • Fri, Mar 1 • 8 Comments
Why You Should Consider International Dividend Stocks
Integrator • Mon, Feb 4 • 28 Comments
6 Profitable Dividend-Paying Bank Stocks That Look Ready To Charge In 2013
Follow My Alpha • Thu, Jan 10 • 12 Comments
HSBC: Not Cheap Enough
Stocks & Shares • Tue, Dec 18, 2012 • 6 Comments
Build On Your Dividend Growth Portfolio's Core To Meet Current Retirement Goals
Bob Johnson • Mon, Dec 17, 2012 • 59 Comments
Westpac Banking Corporation Releases Its 2012 Annual Review and Sustainability Report, and 2012 Annual Report

Business Wire (Nov 13, 2012)
Westpac: Sell This Bank As The Australian Economy Slows Down
Qineqt • Mon, Nov 5, 2012 • 1 Comment
2 Banks To Short On Slowdown In Australian Mining Sector
Qineqt • Wed, Oct 24, 2012
Challenges For Australian Banks In A Resource Driven Economy
Colin Lea • Tue, Oct 2, 2012 • 17 Comments
3 Banks To Sell On Australian Mining Bubble Burst
Qineqt • Tue, Sep 4, 2012 • 3 Comments

To learn more about Seeking Alpha Pro, click here.

Westpac: Sell This Bank As The Australian Economy Slows Down
Qineqt • Mon, Nov 5, 2012 • 1 Comment
Sell Westpac, Australia Is The Same As U.S. Or Spain A Few Years Ago
Paulo Santos • Thu, Aug 2, 2012 • 42 Comments
Buy Westpac: Australian Bank Offers Sustainable 6% Dividend Yield
Qineqt • Wed, Aug 1, 2012 • 10 Comments
A Major Australian Bank With A More Generous Dividend Than JP Morgan Or Wells Fargo
Skafan • Fri, Apr 13, 2012 • 36 Comments
Westpac Banking Could Rise On Australian Miners' Bullish Sentiment
Investment U • Fri, Sep 16, 2011
How Australian Banks Are Highly Exposed to a Sudden Liquidity Shock
Leith van Onselen • Tue, Nov 9, 2010 • 11 Comments

Why Australian Equity Market Is Prone To Violent Corrections
David Hunkar • Mon, May 6 • 1 Comment
My Q2 Dividend Growth Watch List
Bob Wells • Fri, May 3 • 92 Comments
My Dividend Growth Portfolio: Q1 Update
Integrator • Mon, Apr 15 • 21 Comments
9 NYSE International 100 Dogs Hunt 6.5% To 24.7% Net Gains In April
Fredrik Arnold • Thu, Apr 11 • 8 Comments
Why I Prefer Australian Banks To American Banks
Mark Piro • Thu, Apr 11 • 15 Comments
Investing In American Depository Receipts: A Close Look At 4 Names
Eric Hyder • Tue, Mar 19 • 7 Comments
My Dividend Growth Portfolio Strategy
Integrator • Mon, Mar 11 • 71 Comments
The Top 20 Australian Companies By Market Capitalization
David Hunkar • Wed, Mar 6 • 1 Comment
Are Australian Cyclical Stocks Cheap Now?
David Hunkar • Fri, Mar 1 • 8 Comments
Why You Should Consider International Dividend Stocks
Integrator • Mon, Feb 4 • 28 Comments
6 Profitable Dividend-Paying Bank Stocks That Look Ready To Charge In 2013
Follow My Alpha • Thu, Jan 10 • 12 Comments
HSBC: Not Cheap Enough
Stocks & Shares • Tue, Dec 18, 2012 • 6 Comments
Build On Your Dividend Growth Portfolio's Core To Meet Current Retirement Goals
Bob Johnson • Mon, Dec 17, 2012 • 59 Comments
2 Banks To Short On Slowdown In Australian Mining Sector
Qineqt • Wed, Oct 24, 2012
Challenges For Australian Banks In A Resource Driven Economy
Colin Lea • Tue, Oct 2, 2012 • 17 Comments
3 Banks To Sell On Australian Mining Bubble Burst
Qineqt • Tue, Sep 4, 2012 • 3 Comments
Motives To Sell Australia Short Pile Up
Paulo Santos • Thu, Aug 23, 2012 • 45 Comments
China's Transition Continues
Paulo Santos • Thu, Aug 9, 2012 • 85 Comments
NYSE International Dogs Promise 40% Net Gains In 2013
Fredrik Arnold • Wed, Aug 1, 2012 • 6 Comments
$1,000,000 Life Or Death Challenge: Mostly Death
Joe Springer • Wed, Jun 27, 2012 • 12 Comments

Nikkei Closes Down Over 7% After Volatile Session

at CNBC.com (Thu, 3:00AM)
Asia Markets: Japan stocks rally after central-bank meet

at MarketWatch.com (Wed, 4:42AM)
Asia Markets: Hong Kong, Sydney stocks fall; Tokyo ends up

at MarketWatch.com (Tue, 4:49AM)
Asia Markets: Japan, Hong Kong stocks lead Asia gains

at MarketWatch.com (Mon, 4:50AM)
Robust China Trade Data Spark Asia-Wide Gains

at CNBC.com (May 8, 2013)
Weak Yen Helps Nikkei Close at Near 5-Year High

at CNBC.com (May 7, 2013)
Asia Markets: Shanghai stocks rebound to pace gains in Asia

at MarketWatch.com (May 3, 2013)
Asian Stocks Cautious Ahead of US Jobs

at CNBC.com (May 3, 2013)
Asia Rallies on Fed, ECB Optimism; Nikkei Slips

at CNBC.com (Apr 30, 2013)
Rate Cut Talk in Australia: Yes, the Buzz Is Back

at CNBC.com (Apr 24, 2013)
Asia Markets: Asia stocks trip over weak China data

at MarketWatch.com (Apr 23, 2013)
Westpac Banking Corporation Releases Its 2012 Annual Review and Sustainability Report, and 2012 Annual Report

Business Wire (Nov 13, 2012)
Asia Markets: Tokyo shares drop after China data, Tankan survey

at MarketWatch.com (Oct 1, 2012)
Asia Markets: Asia stocks edge lower, with Europe in focus

at MarketWatch.com (Sep 4, 2012)
Medtronic, Agrium Among Stocks Setting 52-Week Highs Monday

at Fox Business (Aug 20, 2012)
Australian Banks Should Watch Out for Bad Loans: Analysts

at CNBC.com (Jul 19, 2012)
Asia Markets: China data brings relief for Asia stocks

at MarketWatch.com (Jul 13, 2012)
Asia Markets: Asia stocks slide, extending weekly losses

at MarketWatch.com (May 11, 2012)
Asia Markets: Australia shares up on rate cut hopes; Japan down

at MarketWatch.com (Apr 24, 2012)
Weekend Investor: 5 of the world’s cheapest dividend-paying stocks

at MarketWatch.com (Mar 9, 2012)

WBK vs. ETF Alternatives

Company Description

Westpac Banking Corporation provides a range of banking and financial products and services to individuals and corporate customers primarily in Australia and New Zealand. The company offers various financial services, such as lending, deposit taking, payments services, investment portfolio... More

Sector: Financial

Industry: Foreign Money Center Banks

Country: Australia

All
| Earnings
| Dividends
| M&A
| On the move

Monday, May 20, 9:47 AM UBS' 5 "suspected" asset bubbles: 1) Risk-free rates - specifically Treasurys (TLT), Bunds (BUND, BUNL), JGBs (JGBL, JGBT, JGBD, JGBS) 2) Credit (HYG, JNK) 3) Real estate in Asia (WPS) 4) Certain EM equity markets (EIDO, IDXJ, EPHE, THD, EWW) 5) Australian banks (WBK, NABZY.PK, ANZBY.PK, CMWAY.PK). Comment!
Monday, April 8, 3:23 AM The Australian dollar will this week become the third currency to trade directly with the yuan as China continues the internationalization of its currency. The country's central bank has granted ANZ (ANZBY.PK) and Westpac (WBK) the rights to trade in the dollar and renminbi. With China being Australia's largest trading partner and buying over 25% of its exports, the move should help cut trading costs. Comment! [Global & FX]
Thursday, May 3, 2012, 7:28 AM "The biggest bubble in recent history is heading for the mother of all hard landings," writes SocGen's Albert Edwards, tagging onto his bearish partner-in-crime Dylan Grice's analysis of Australia. Channeling Minsky, Edwards notes the lack of volatility in Oz's economy (no recession since 1991) leads to an excessive build-up in debt and a "bigger crash down the road." 1 Comment [Global & FX]
Tuesday, May 1, 2012, 10:59 AM Among Australia's troubles are banks that can't pass on RBA rate cuts (50 bp last night) because - reliant on overseas markets - the lenders' funding costs are on the rise. "Infatuation" with Oz's debt (foreign ownership gov't bonds is skying) may be propping up the aussie, writes Anthony Doyle, but not for much longer. FXA -0.7%. Comment! [Global & FX, Financials]
Tuesday, May 1, 2012, 6:50 AM The Australian dollar is hammered - off 1.1% against the greenback - after the RBA cut rates by a greater-than-expected 50 basis points overnight. The central bank's statement is notable for its emphasis on Europe, not China, as a threat to the Aussie economy. Sydney +0.8%. Comment! [Global & FX, On the Move]
Wednesday, April 25, 2012, 4:43 PM Answer: Australia. Question (courtesy of Dylan Grice): "What do you call a credit bubble built on a commodity bull market built on a much bigger Chinese credit bubble?" The country has 5 of the world's most 15 expensive cities, runs a current account deficit despite booming commodity sales to China, and has seen a steep rise in debt/income. Shares: EWA +10.9% YTD, the aussie: FXA +1.1% YTD. 2 Comments [Global & FX]
Tuesday, April 24, 2012, 7:01 AM The stage is set for the RBA to cut rates after Australia's CPI rises just 0.1% in Q1 against expectations for 0.6%. Annual inflation comes in at 1.6% vs. 2.1% expected. The central bank has made clear only this CPI report stood between the current 4.25% benchmark and something lower. It meets on May 1. Aussie -0.4% to $1.0280. Comment! [Global & FX]
Wednesday, April 18, 2012, 3:01 PM Might Genworth's (GNW -21%) delay of its Australian mortgage insurance business IPO be ringing a bell for the Oz property market? The company cites deteriorating market conditions in the Aussie mortgage market "as lenders accelerated the processing of late-stage delinquencies ... at a higher rate and severity than expected." Westpac WBK -1%. 1 Comment [Financials, Global & FX]
Tuesday, March 27, 2012, 3:41 PM "When we've gone through our book, we've seen signs of rapid property value decretion," says Stuart Grimshaw, MD at Bank of Queensland of the lender's expected H1 loss due to loan impairments. He expects continued challenges in coming years, much of it due to the powerful Aussie dollar. FXA remains near all-time highs. 2 Comments [Global & FX]
Monday, March 12, 2012, 3:21 PM Investors can catch great deals with the stocks of a number of largely-overlooked global companies that strike close to the heart of value investors with their "extremely cheap" valuations and provide income-oriented investors a generous yield to latch onto, according to Morningstar. ADRs Making the grade: [MT, FTE, DCM, SU, WBK, RDS.A, AMX, and TEVA. Comment! [Quick Ideas, Global & FX]
Saturday, March 10, 2012, 8:15 AM Barbara Kollmeyer highlights five of the cheapest dividend stocks from key global industries - stocks that may not be the biggest multinationals, but sport significant dividends and value: MT, FTE, DCM, SU and WBK. 6 Comments [Quick Ideas]
Friday, February 10, 2012, 6:36 AM Also weighing on Oz, Westpac (WBK) and ANZ (ANZBY.PK) both hike mortgage rates even with the RBA in the midst of an easing cycle. Australian banks are unusually dependent on overseas funding markets, and find their margins being squeezed. "The RBA's cash rate alone in not an accurate reflection of bank funding costs," says ANZ. (previous) Comment! [Financials, Global & FX]
Tuesday, January 31, 2012, 7:17 AM Australia's major banks - needing to raise $100B in 2012, dealing with a reversal in the country's bubbly property market, and facing an economy gasping for air in all but the mining sector - have been put on negative ratings watch by Fitch. The good news is the RBA's 4.25% benchmark rate - there's a lot of room for funding costs to decline. Comment! [Global & FX, Financials]
Tuesday, November 1, 2011, 12:03 AM Easier monetary policy comes to Australia, where the RBA - as most anticipated - cuts its benchmark rate 25 basis points to 4.5%. Governor Glenn Stevens gives expected nods to the slowdown in China and falling inflation in Oz, but saves particular emphasis for "trade performance ... see(ing) some effects of a significant slowing in economic activity in Europe." The aussie slips a bit to $1.0490. Shares -1.9%. Comment! [Global & FX]
Friday, October 7, 2011, 8:09 AM The IMF sounds a bit of warning on Australia, saying the RBA may need to continue hiking rates to fight inflation even as slowing world economic growth cuts demand for commodities. The country is also particularly vulnerable to financial tumult as its banks are heavily reliant on overseas funding. 2 Comments [Global & FX]
Tuesday, October 4, 2011, 8:39 AM The neckbone is connected to the headbone... Tim Backshall has a look at CDS spreads in some Australian corporate names, noting that some blew out last night. Among the hardest hit are mining giants Rio Tinto (RIO) and BHP, whose spreads jumped about 30%. Comment! [Global & FX, Commodities, Financials]

WBK Westpac Banking Corporation

WBK

Westpac Banking Corporation