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Westpac Banking Corporation (WBC.AX)
| Previous close | 25.97 |
| Open | 26.24 |
| Bid | 26.15 x 224300 |
| Ask | 26.23 x 626700 |
| Day's range | 26.13 - 26.28 |
| 52-week range | 20.03 - 27.70 |
| Volume | |
| Avg. volume | 6,745,703 |
| Market cap | 91.765B |
| Beta (5Y monthly) | 0.86 |
| PE ratio (TTM) | 13.43 |
| EPS (TTM) | 1.95 |
| Earnings date | 06 May 2024 |
| Forward dividend & yield | 1.44 (5.50%) |
| Ex-dividend date | 09 Nov 2023 |
| 1y target est | 23.55 |
ReutersAustralia consumer mood darkens anew in March - survey
Australian consumer sentiment eased from 20-month highs in March as worries about the economic outlook and family finances returned to darken the mood, a survey showed on Tuesday. The Westpac-Melbourne Institute index of consumer sentiment slipped 1.8% in March, from February when it jumped 6.2%. "Last month we saw some promising signs that the consumer gloom that has dominated over the last two years might finally be starting to lift," said Matthew Hassan, a senior economist at Westpac.
ReutersAustralia bank CEOs call for a fix to housing shortage
SYDNEY (Reuters) -Australia's housing shortage may be driving prices higher but is locking out first-time homeowners and migrants needed to fill skills shortages across the country, the CEOs of Australia's three largest banks said on Tuesday. After years of ultra-low interest rates pushed home prices higher, Australia faces a long-term drop in the number of younger people buying homes, which could mean more people retiring in weaker financial positions, according to a 2023 government report. At a banking conference in Sydney, the heads of Commonwealth Bank, National Australia Bank and Westpac, Australia's top 3 lenders, blamed a housing supply shortage and urged local governments to speed up planning approvals.
ReutersAustralia's RBA to hold rates on March 19, cut later in year: Reuters poll
Australia's central bank will hold its key interest rate at 4.35% for a third straight meeting on Tuesday and at least until end-September, according to a Reuters poll of economists who see at least two rate cuts in the final quarter of 2024. While financial markets have priced in rate cuts for most other major central banks starting around June, the Reserve Bank of Australia is a notable outlier with no such mid-year pricing. Despite the RBA's recent hawkish stance and still-elevated inflation, no economist expected the next move to be up, with a variety of forecasts for a cut in the second half of this year given that economic growth has been lacklustre.
