Westpac Banking

Morgan Stanley Analyst Maintains Sell Rating on Westpac

Westpac Announces $40 Billion Global Guaranteed Bond Program

Analyst Maintains Sell Rating on Westpac

Westpac Banking Corporation approved to 解除强制性承诺 by APRA

Westpac Banking Corp Acquires More Williams-Sonoma Shares

Commerce Commission Reduces Corporate Credit Card Fees in New Zealand

Citigroup Upgrades Earnings Forecast for Australia's Big Four Banks for FY2025

Westpac Banking Corporation Reports Control Changes and Sell Analyst Rating

Westpac New Zealand Partners with Fidelity Life to Launch Online Insurance Application Tool

Westpac New Zealand Enhances Open Banking with Akahu

Westpac Announces New Requirements for KiwiSaver Members

Westpac New Zealand cuts mortgage rates

Westpac Announces Reduction in Mortgage and Deposit Rates

Westpac Planning to Cut Over 1,500 Jobs

Fitch Ratings Assigns AAA Rating to Westpac Bank Bonds

Westpac Reports Disappointing First Half of 2025 Earnings

Westpac Reduces Stake in Liberty Global to 71,634 Shares

Westpac Reduces Stake in Exelon, Analysts Raise Target Price

Westpac Banking Corp Increases Stake in NextEra Energy by 16.5%, Holding 29,284 Shares

Westpac Banking Corp Increases Stake in Cadence Design Systems, CEO Reduces Holdings

Comms Group Secures Facility Agreement With Westpac for Three-Year Term

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Comms Group Secures Facility Agreement With Westpac for Three-Year Term

The S&P/NZX 50 index in New Zealand rose 0.1% to 13,518, continuing a two-day gain as investors adjusted positions before the Christmas break. Trading was light due to holiday hours and lack of strong catalysts. Financials, led by Westpac Banking (+2.3%) and ANZ Group (+1.7%), offset declines in non-energy minerals, with Fletcher Building down 3%. The index is set for a 3% annual gain in 2025.

Trading Economics

New Zealand Stocks End Slightly Higher

Australia's Economy Strengthens in 2025 as Private Spending Offsets Slower Public Demand, Westpac Says

Australia's Economy Strengthens in 2025 as Private Spending Offsets Slower Public Demand, Westpac Says

Westpac Economics expects the RBA to hold rates through 2026 due to lingering inflation risks, with potential cuts in 2027. Despite easing inflation, the RBA remains cautious. Labour-market deterioration could prompt earlier cuts, while private-sector recovery reduces downside risks. Westpac sees 2026 as a recovery year, with productivity growth exceeding RBA expectations. Further rate hikes are deemed premature, but could occur if inflation surprises persist.

Investinglive

Westpac sees RBA holding firm through 2026 as inflation risks linger. Cuts seen in 2027.

Morgans analyst Nathan Lead maintains a Sell rating on Westpac Banking, setting a price target of A$32.20. The analyst consensus is a Moderate Sell with an average price target of $22.82. Lead is ranked #4700 out of 10143 analysts according to TipRanks.

Tip Ranks

Morgans Sticks to Its Sell Rating for Westpac Banking (WEBNF)

Westpac says Westpac NZ acknowledges release by RBNZ on Dec 17

Westpac says Westpac NZ acknowledges release by RBNZ on Dec 17

Westpac NZ Enters Three-Year Partnership to Support Development of Sustainable Marine Economy in New Zealand

Westpac NZ Enters Three-Year Partnership to Support Development of Sustainable Marine Economy in New Zealand

Consumer Confidence Turns Cheerful in December as Festive Season Rolls in, Says Westpac

Consumer Confidence Turns Cheerful in December as Festive Season Rolls in, Says Westpac

Westpac Economics argues against market expectations of RBA rate hikes, predicting rates will remain on hold through 2026. While other banks foresee hikes, Westpac sees the next policy move as easing in 2027. They highlight that inflation will fall below target by late 2026, and current economic conditions don't justify rate cuts next year. Westpac emphasizes policy lags and expects inflation pressures to fade, keeping the RBA in a wait-and-see mode.

Westpac pushes back on RBA hike calls, sees rates on hold through 2026

New Zealand's S&P/NZX 50 index rose 0.1% to 13,407, driven by gains in financial stocks like Westpac Banking and ANZ Group, despite declines in health and manufacturing stocks. The business PMI reached a four-month high, indicating stronger domestic demand. Traders anticipate upcoming economic releases, including Q3 GDP figures, after the RBNZ's rate cut. The index fell 0.6% for the week.

New Zealand Stocks Slightly Higher

Westpac says 60.18% of total votes cast in favour of re-electing Peter Nash as a director

Westpac says 60.18% of total votes cast in favour of re-electing Peter Nash as a director

Westpac Banking Corp non-executive director Peter Nash was re-elected despite investor backlash due to his ties with the troubled Australian Securities Exchange. Only about 40% of investors voted against his re-election. Westpac CEO Anthony Miller called for stronger action from social media companies to curb online scams, highlighting the bank's significant investment in fraud prevention. Climate protesters also gathered outside the annual meeting to protest the bank's lending to fossil fuel companies.

Reuters

Westpac director re-elected on proxy votes after investor backlash to ASX ties

Westpac Banking Corporation has announced that its entities control 0.27% of the total voting shares issued, as per an exemption granted by the Australian Securities and Investments Commission. This update reflects Westpac’s ongoing management of its shareholding structure and influence over voting rights, which may impact its operational control and stakeholder engagement.

Westpac Updates Voting Share Control Status

Environmental Group Says Westpac Receives Warning to Meet Climate Commitments

Environmental Group Says Westpac Receives Warning to Meet Climate Commitments

Westpac board unanimously supports Peter Nash's nomination as board director