Access the latest stock market reports on Westpac Banking at the bottom of the page.
Is it time to Buy, Sell or Hold Westpac Banking stocks?
Westpac Banking Corporation is one of the largest of the four top banks in Australia. Like the other major banks, Westpac offers the full spectrum of banking and financial services to the retail, business and corporate sector. Whilst Australia is its main headquarters, Westpac also operates in New Zealand, the South Pacific, Hong Kong and in Singapore.
The core components of Westpac’s business are consumer financial services, business financial services, BT financial group Australia, Westpac institutional bank and New Zealand retail. The two largest division’s other consumer financial services and the business financial services components. The consumer financial services division is responsible for sales, services and product development for all of its retail customers throughout Australia and the Asia-Pacific and it also looks after the retail branch systems in Hong Kong and Singapore.
The business financial services tailored solutions to the small to medium enterprise and managers its third-party business product relationships.
The BT financial group Australia looks after a series of products including managed investments, life insurance, superannuation, income protection, margin lending, discount securities broking and client portfolio management.
Westpac Banking Corporation’s share price has seen an exciting rise from the lows at $16 up to nearly $32 giving a return of nearly 100% in three years. Unfortunately, since late 2007 the share price is taken a dramatic fall from grace along with the whole banking sector and is pretty much halved in value. With the downtrend firmly in place it will require a solid consolidation followed by a break to the upside before we see any positive moves.
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