Westpac Banking Corporation

WBC

AU000000WBC1

Banks

Market Closed - Australian S.E. Other stock markets 11:40:48 02/07/2024 am IST			5-day change	1st Jan Change
27.11 ^AUD	-0.37%		-0.15%	+18.38%

02:57am	Westpac Banking to Redeem AU$1 Billion Callable Floating Rate Subordinated Notes	MT
01:46am	Kelly Partners Signs AU$22 Million Facility with Westpac Banking	MT

Chris Lynch to Step Down as Independent Non-Executive Director of Westpac Banking Corporation, Effective 14 December 2023

October 24, 2023 at 06:38 am IST

Westpac Banking Corporation announced that Chris Lynch has decided not to stand for re-election as an Independent Non-executive Director at
company's 2023 Annual General Meeting (2023 AGM) and, accordingly, will step down from the Board effective from the end of the AGM on 14 December 2023. Mr. Lynch joined the Board in September 2020 and in that time has served on the Audit, Remuneration and Risk Committees.

Latest news about Westpac Banking Corporation

Westpac Banking to Redeem AU$1 Billion Callable Floating Rate Subordinated Notes	06:27am	MT
Kelly Partners Signs AU$22 Million Facility with Westpac Banking	05:16am	MT
Payments NZ's Proposed Arrangements with API Providers Obtain Initial Approval from Commerce Commission	03:33am	MT
Fitch Assigns AAA Rating on Westpac Banking's Series 2024-C3 Mortgage Covered Bond	01/07	MT
Genex Power Completes Refinancing of Senior Debt Facility	28/06	MT
Westpac Banking Buys Back More than AU$12 Million in Shares	27/06	MT
Reserve Bank Orders New Zealand's 'Big 4' Banks to 'Dual Report' Capital Positions from June 30	27/06	MT
Linfox Armaguard Strikes AU$50 Million Deal with Major Banks, Supermarkets for Cash Services	24/06	MT
Westpac Banking Buys Back 444,202 Shares	21/06	MT
Westpac Banking to Redeem Capital 6 Notes on July 31	18/06	MT
Australian shares trade in narrow range as investors focus on RBA	17/06	RE
New Zealand Parliament to Investigate ‘Big Four’ Banks on Competition Concerns	12/06	MT
Marsh McLennan unit Mercer to buy pension fund manager Cardano to boost UK footprint	11/06	RE
Australia government launches first Green Treasury Bond	03/06	RE
Miners, banks drag Australian shares lower as rate woes weigh	30/05	RE
Australia shares flat as losses in bank stocks counter commodities gains	28/05	RE
Fitch Ratings Upgrades Westpac Banking's Rating to AA-	27/05	MT
Goldman Sachs Downgrades Westpac to Sell From Neutral, Price Target is AU$24.10	23/05	MT
Westpac Banking Introduces Employee Time Cards to Safeguard Against Underpayments	17/05	MT
Westpac Banking Corporation Appoints Andy Maguire as an Independent Non-Executive Director	14/05	CI
Banks, energy stocks drag Australian shares lower; key economic data in focus	13/05	RE
Australian shares retreat as miners, banks drag; CBA down on lower profit	09/05	RE
Jarden Research Adjusts Westpac Banking’s Price Target to AU$26.20 From U$25.70, Keeps at Overweight	07/05	MT
Australia's ANZ unveils $1.3 bln buyback after half-year earnings meet estimates	07/05	RE
Tranche Update on Westpac Banking Corporation's Equity Buyback Plan announced on November 6, 2023.	06/05	CI

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Company Profile

Westpac Banking Corporation is an Australia-based company that provides banking and selected financial services, operating under multiple brands, and predominantly in Australia and New Zealand, with a small presence in Europe, North America and Asia. Its segments include Consumer, Business and Wealth, Westpac Institutional Bank (WIB), Westpac New Zealand and Group Businesses. Consumer segment provides a full range of banking products and services to customers in Australia through three lines of business consisting of mortgages, consumer finance and cash and transactional banking. Business and Wealth segment comprises business banking, wealth management, private wealth, Westpac Pacific and auto finance. The WIB segment delivers a range of financial products and services to corporate, institutional and government customers. Westpac New Zealand segment provides banking, and wealth products and services for consumer, business and institutional customers in New Zealand.

Sector

Banks

Calendar

19/08/2024 - Q3 2024 Sales and Revenue Release

Related indices

S&P/ASX 200

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Ratings for Westpac Banking Corporation

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Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

27.11 AUD

Average target price

24.98 AUD

Spread / Average Target

-7.87%

Consensus

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Other Banks

Westpac Banking Corporation

Equities

WBC

AU000000WBC1

Banks

Chris Lynch to Step Down as Independent Non-Executive Director of Westpac Banking Corporation, Effective 14 December 2023

EPS Revisions