Westpac Bank is the second-largest of Australia’s four major banks. The bank provides a range of banking and financial services to retail and business customers, including mortgages, consumer finance, credit cards, business loans, and term deposits. Most nonbanking units have been divested, including general, life, and mortgage insurance.
A higher cash rate environment gives customer deposit funding banks an opportunity to expand margins and drive higher return on equity.
Slow core earnings growth resurfaces because of low loan growth, margin compression, subdued wealth and markets income, lower banking fee income.
|
Metric
|
WBC
|
ANZ
|
NAB
|
|---|---|---|---|
Price/Earnings (Normalized) | 16.69 | 13.13 | 16.25 |
Price/Book Value | 1.52 | 1.30 | 1.88 |
Price/Sales | 5.83 | 4.88 | 6.26 |
Price/Cash Flow | 15.93 | 12.93 | — |
|
Metric
|
WBC
|
ANZ
|
NAB
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
|
Metric
|
WBC
|
ANZ
|
NAB
|
|---|---|---|---|
Return on Assets (Normalized) | 0.68% | 0.65% | 0.66% |
Return on Equity (Normalized) | 9.72% | 10.25% | 11.36% |
Return on Invested Capital (Normalized) | — | — | — |
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1-Day Chart
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Name
|
Price
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Morningstar Rating for Stocks
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Capital Allocation
|
Economic Moat
|
Market Cap
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|---|---|---|---|---|---|---|
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JPM
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BAC
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WFC
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RY
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HSBC
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C
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TD
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United States