Westpac Banking reported FY22 earnings of $7.195bn which is up 12% on the same time last year. Total FY23 dividends $1.42 which represents a payout ratio of 70%.
WBC announced they will commence a $1.5bn on-market share buyback.
Westpac Banking is under Algo Engine sell conditions.
Westpac Banking is under Algo Engine sell conditions.
Westpac Banking is under Algo Engine buy conditions and is a current holding in our ASX model portfolio.
Westpac Banking is under Algo Engine buy conditions and is a current holding in our ASX model portfolio.
Westpac Banking is under Algo Engine sell conditions and we expect selling pressure to build with overhead resistance at $26.90
Westpac Banking is under Algo Engine sell conditions and we expect selling pressure to build with overhead resistance at $26.90
Westpac Banking is under Algo Engine sell conditions and we expect selling pressure to build with overhead resistance at $26.90
Westpac WBC reported 1Q19 earnings on Monday and despite the benefit of mortgage re-pricing pushing net interest margins higher, earnings exhibited no growth compared to the same time last year.
1Q19 cash profit came in at $2bn.
All banks, (excluding ANZ & MQG), are under Algo Engine sell conditions and we see little reason in the short term for these negative trends to reverse.
Our ALGO engine triggered a sell signal for WBC into the ASX close at $27.70.
This “lower high” pattern is referenced to the intraday high of $28.35 posted on September 28th.
WBC will go ex-dividend for 94 cents on Tuesday.
With round 7 of the Royal Commission scheduled to start on November 19th, we remain cautious of the price structures and forward margin growth of the domestic banks.
As such, we see scope for the local banking names to retest the October lows over the near-term.
Westpac
Level 29 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453
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