Westpac Banking Corporation
Westpac Banking Corporation (WBC.AX) closed down 0.79 % during a 24‑hour period ending at 07:12 PM Central Europe on Wednesday 21 March 2026.
- Current trading price: AUD 35.53.
- Shares outstanding: 3.4 billion.
- Market capitalization: AUD 120.9 billion.
- Volume traded in the last 24 hours: AUD 189.7 million.
- Since the end of the previous month: up 0.57 %.
- 200‑day simple moving average: AUD 37.42.
- 52‑week high: AUD 43.32 (25 Feb 2026).
- 52‑week low: AUD 33.46 (24 Aug 2026).
Recent Corporate Developments
Westpac Banking Corporation reported a legal expense related to RAMS litigation in the second half of 2026, with a pre‑tax impact of AUD 41 million. The bank announced revisions to its credit quality reporting framework, including a new category for individually assessed exposures. The previously reported impaired exposures category was redistributed among individual, non‑performing 90+‑day, and non‑performing less‑than‑90‑day groups. These changes are intended to improve alignment between credit quality and provisioning disclosures; the impact on credit provisioning and capital is deemed immaterial.
A reclassification of some hardship arrangements affected 90+‑day mortgage delinquencies, leading to modest adjustments in reported metrics. Full‑year 2026 results are expected on 2 November 2026.
Performance of Related Australian Securities (24‑Hour Period)
| Stock | Change | Current Price | Market Cap | P/E Ratio | Key Highlights |
|---|---|---|---|---|---|
| Transurban (TCL.AX) | –0.29 % | AUD 14.05 | AUD 42.7 bn | 116.17 | Modest rise in average daily traffic in Q1 FY 2027; dynamic toll price increases; shares moved higher in Australian market. |
| Wesfarmers (WES.AX) | +0.8 % | AUD 79.86 | AUD 89.6 bn | 31.35 | Shift to regular quarterly dividends from Jan 2027; fully franked 10 cents per share; no significant change to investment strategy. |
| National Australia Bank (NAB.AX) | 0 % | AUD 39.93 | AUD 123.1 bn | 19.87 | Shares rose modestly as the broader banking sector rebounded; defensive shift in investor sentiment. |
| Macquarie (MQG.AX) | –0.47 % | AUD 250.37 | AUD 91.9 bn | 19.56 | Restructuring of commodity‑trading operations; merger of bank and commodities units; recent expansions in commodity portfolio. |
| QBE Insurance (QBE.AX) | –0.15 % | AUD 26.02 | AUD 38.7 bn | 12.65 | Share price trading below net tangible asset value; stable dividend policy; debt‑free balance sheet. |
Company Overview
Westpac Banking Corporation is headquartered in Sydney, Australia. The bank provides a comprehensive range of financial services, including checking and savings accounts, money‑market facilities, mortgage and term loans, card services, and internet banking. The institution serves customers worldwide and operates under a diversified business model that includes retail, commercial, and institutional banking segments.
