Westpac
Westpac Banking signaled a more-rapid return of ~$4bn of excess capital. 1H24 75¢ ordinary dividend, a 15¢ special dividend, and an additional $1bn added to the buyback.
WBC reported 1H24 cash earnings of $3,342m, in line with consensus.
Westpac: FY22 Earnings Review
Westpac Banking reported FY22 earnings of $7.195bn which is up 12% on the same time last year. Total FY23 dividends $1.42 which represents a payout ratio of 70%.
WBC announced they will commence a $1.5bn on-market share buyback.
Westpac – Sell
Westpac Banking is under Algo Engine sell conditions.
Westpac – Sell
Westpac Banking is under Algo Engine sell conditions.
Westpac – Algo Buy
Westpac Banking is under Algo Engine buy conditions and is a current holding in our ASX model portfolio.
Westpac – Algo Buy
Westpac Banking is under Algo Engine buy conditions and is a current holding in our ASX model portfolio.
Westpac – Sell
Westpac Banking is under Algo Engine sell conditions and we expect selling pressure to build with overhead resistance at $26.90
Westpac – Sell
Westpac Banking is under Algo Engine sell conditions and we expect selling pressure to build with overhead resistance at $26.90
Westpac – Sell
Westpac Banking is under Algo Engine sell conditions and we expect selling pressure to build with overhead resistance at $26.90
Westpac – 1Q19 In Review
Westpac WBC reported 1Q19 earnings on Monday and despite the benefit of mortgage re-pricing pushing net interest margins higher, earnings exhibited no growth compared to the same time last year.
1Q19 cash profit came in at $2bn.
All banks, (excluding ANZ & MQG), are under Algo Engine sell conditions and we see little reason in the short term for these negative trends to reverse.
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