Westpac Banking Corporation (WBC)
All research reports and stock updates for Westpac Banking Corporation.
Stock Updates
Research Reports
Lifting the Institutional Bank
WBC held a market update on the performance of its Institutional Bank. WIB is the smallest of three key divisions behind WBC’s Retail and Business Banking franchises. WBC has ambitions to both grow returns and lift market share in institutional banking.
Renovating Australia's oldest bank
Turnaround strategy key to share price re-rating: WBC offers value over the medium-term if the ‘fix, simplify, and perform’ strategy can be delivered.
Serious on costs, margins stabilise
In contrast to November’s FY21 Results, May’s 1H22 Results showed stabilisation in the margins (ex-volatile markets income) and muchimproved cost performance, with costs down 10% in the half.
A messy house
Much higher expenses and on-going competition have shaded the positive aspects of Westpac’s full year profit.