Westpac Banking Corp

WBK-N

NYSE:WBK

16.61
0.09 (0.54%)
Westpac Banking Corporation, more commonly known as Westpac, is an Australian bank and financial-services provider headquartered in Westpac Place, Sydney. It is one of Australia's "big four" banks. Its name is a portmanteau of "Western-Pacific".
More at Wikipedia

Analysis and Opinions about WBK-N

Signal
Opinion
Expert
COMMENT
COMMENT
August 9, 2017

Australian banking is similar to Canadian banking by not having the same issues in 2008 that affected the US and European banks. The big issue facing Australian banks is not dissimilar to Canada where people are really worried about the housing market. In Sydney, housing prices have skyrocketed for similar reasons that they did in Vancouver. In the long-term they will do well, but there is a small risk of the housing market affecting them.

Australian banking is similar to Canadian banking by not having the same issues in 2008 that affected the US and European banks. The big issue facing Australian banks is not dissimilar to Canada where people are really worried about the housing market. In Sydney, housing prices have skyrocketed for similar reasons that they did in Vancouver. In the long-term they will do well, but there is a small risk of the housing market affecting them.

Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$25.450
Owned
Unknown
DON'T BUY
DON'T BUY
June 3, 2015

All of the Australian banks are sort of like Canadian banks, but on Speed. The Australian property market was an even bigger boom and bust, and now they have to pull back. The Australian dollar has cratered, even more so than the Canadian, primarily because a 3rd of their exports go to China.. Well-run and a good bank, but the underlying fundamentals of the Australian economy and property market are not great. Probably not where you want to be for the next couple of years.

All of the Australian banks are sort of like Canadian banks, but on Speed. The Australian property market was an even bigger boom and bust, and now they have to pull back. The Australian dollar has cratered, even more so than the Canadian, primarily because a 3rd of their exports go to China.. Well-run and a good bank, but the underlying fundamentals of the Australian economy and property market are not great. Probably not where you want to be for the next couple of years.

Gavin Graham
Trustee, Pointbreak ETFs
Price
$25.080
Owned
Unknown
COMMENT
COMMENT
October 9, 2014

Likes Australian banks for structural reasons. Australia has a superannuation program that has been in place since 1976. About 9% of every dollar you earn has to go into the superannuation fund and that money finds its way into the Australian banks, real estate markets, etc. He would like to see a little more international focus to it. You can hold this for 5-10 years and it will be a very good company.

Likes Australian banks for structural reasons. Australia has a superannuation program that has been in place since 1976. About 9% of every dollar you earn has to go into the superannuation fund and that money finds its way into the Australian banks, real estate markets, etc. He would like to see a little more international focus to it. You can hold this for 5-10 years and it will be a very good company.

Darren Sissons
Vice President and Partner, Campbell Lee & Ross
Price
$28.520
Owned
Unknown
BUY
BUY
April 24, 2013

Probably equivalent to Bank of Nova Scotia (BNS-T) in Canada. Very corporate banking focused. Good bank. Has a progressive dividend growth profile. Very Australian focused meaning heavy exposure to a mining sector, overheated real estate market and an economy that is slowing down. On the positive side they have a superannuation fund where $.09 of every dollar earned on an income basis is put into, effectively an RRSP program, run by the government. On balance it is a good investment and is a well-run company with an attractive dividend. You can buy this and put it away and you’ll be fine.

Probably equivalent to Bank of Nova Scotia (BNS-T) in Canada. Very corporate banking focused. Good bank. Has a progressive dividend growth profile. Very Australian focused meaning heavy exposure to a mining sector, overheated real estate market and an economy that is slowing down. On the positive side they have a superannuation fund where $.09 of every dollar earned on an income basis is put into, effectively an RRSP program, run by the government. On balance it is a good investment and is a well-run company with an attractive dividend. You can buy this and put it away and you’ll be fine.

Darren Sissons
Vice President and Partner, Campbell Lee & Ross
Price
$167.060
Owned
No
DON'T BUY
DON'T BUY
April 2, 2013

Would worry about getting into Australian banks if he wasn’t there already. Had a very good run. Australia has gone through a very, very long expansion and housing prices are very steep so there is a risk of a selloff in housing.

Would worry about getting into Australian banks if he wasn’t there already. Had a very good run. Australia has gone through a very, very long expansion and housing prices are very steep so there is a risk of a selloff in housing.

Mark Grammer
Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates
Price
$162.210
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
August 14, 2012

Australian banks performed very well during the fiscal crisis. Third biggest bank in Australia. Concerned that currency is very high compared to historical levels. He is weary of the commodity and the currency unless it drops aback.

Australian banks performed very well during the fiscal crisis. Third biggest bank in Australia. Concerned that currency is very high compared to historical levels. He is weary of the commodity and the currency unless it drops aback.

Darren Sissons
Vice President and Partner, Campbell Lee & Ross
Price
$124.450
Owned
No
PAST TOP PICK
PAST TOP PICK
July 9, 2012
(A Top Pick Aug 24/11. Up 12.84%.) Likes this stock because it has a very strong fundamental base. Still a Buy.
(A Top Pick Aug 24/11. Up 12.84%.) Likes this stock because it has a very strong fundamental base. Still a Buy.
Srikanth Iyer
Sr Portfolio Manager & Head of Global Investments, Guardian Capital
Price
$110.750
Owned
Yes
COMMENT
COMMENT
April 11, 2012
About 25% of Australia's exports go to China versus 5% for Canada. Whatever happens in China is going to have a huge impact on Australia. This is one of the better Australian banks to own. The only concern you have to worry about is a change in interest rates. Australia has had a huge real estate bubble, which has not burst yet. If this happens, there will be a sluggish period for the banks.
About 25% of Australia's exports go to China versus 5% for Canada. Whatever happens in China is going to have a huge impact on Australia. This is one of the better Australian banks to own. The only concern you have to worry about is a change in interest rates. Australia has had a huge real estate bubble, which has not burst yet. If this happens, there will be a sluggish period for the banks.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$112.670
Owned
No
COMMENT
COMMENT
January 13, 2012
One of the big 4 Australian banks. A leveraged play on the Chinese economy. The real problem with the Australian Banks is Australian housing did not suffer a meltdown in 2007-2008 so there is a lot of worry that it is overextended. A risky play and the 8.03% dividend would be one of the things that could suffer.
One of the big 4 Australian banks. A leveraged play on the Chinese economy. The real problem with the Australian Banks is Australian housing did not suffer a meltdown in 2007-2008 so there is a lot of worry that it is overextended. A risky play and the 8.03% dividend would be one of the things that could suffer.
Gavin Graham
Trustee, Pointbreak ETFs
Price
$106.430
Owned
Unknown
DON'T BUY
DON'T BUY
November 22, 2011
Australian bank. Dividend is probably maintainable but doesn't think it is likely to grow at any stage. Doesn't think there is a lot to be gained from global financial institutions at this stage. Fairly valued, similar to Canadian banks. 8%+ yield tells you something.
Australian bank. Dividend is probably maintainable but doesn't think it is likely to grow at any stage. Doesn't think there is a lot to be gained from global financial institutions at this stage. Fairly valued, similar to Canadian banks. 8%+ yield tells you something.
Karl Berger
Partner, Toron Investment Management
Price
$100.140
Owned
No
TOP PICK
TOP PICK
August 24, 2011
7.2% yield, 10x earnings. ROE of 16%. Conservative bank good tier one. Asset management business doing well. Flat operating cost. Accumulate it.
7.2% yield, 10x earnings. ROE of 16%. Conservative bank good tier one. Asset management business doing well. Flat operating cost. Accumulate it.
Srikanth Iyer
Sr Portfolio Manager & Head of Global Investments, Guardian Capital
Price
$105.150
Owned
Yes
PAST TOP PICK
PAST TOP PICK
June 22, 2011
(A Top Pick Dec 30/10. Up 3.21%.) Australian bank. Still likes.
(A Top Pick Dec 30/10. Up 3.21%.) Australian bank. Still likes.
Srikanth Iyer
Sr Portfolio Manager & Head of Global Investments, Guardian Capital
Price
$113.940
Owned
Yes
DON'T BUY
DON'T BUY
March 31, 2011
Australian banks are almost in line with US banks. Not doing as well as Cdn banks. Would prefer their bonds instead.
Australian banks are almost in line with US banks. Not doing as well as Cdn banks. Would prefer their bonds instead.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$125.100
Owned
No
PAST TOP PICK
PAST TOP PICK
March 18, 2011
(Top Pick Dec 30/10, down 3.82%) The Royal Bank of Australia: 6.3% yield, sustainable. On of the best balance sheets.
(Top Pick Dec 30/10, down 3.82%) The Royal Bank of Australia: 6.3% yield, sustainable. On of the best balance sheets.
Srikanth Iyer
Sr Portfolio Manager & Head of Global Investments, Guardian Capital
Price
$112.830
Owned
Unknown
TOP PICK
TOP PICK
December 30, 2010
Australian bank. A way to go outside of Canada for the same yield profile as a Canadian bank. 6% yield.
Australian bank. A way to go outside of Canada for the same yield profile as a Canadian bank. 6% yield.
Srikanth Iyer
Sr Portfolio Manager & Head of Global Investments, Guardian Capital
Price
$115.150
Owned
Yes
DON'T BUY
DON'T BUY
October 15, 2004
Big concern on Australian banks is the mortgage issue. Housing market grew at an alarming rate and interest rates have gone up quite a bit. Strong management and good discipline, but no great growth going forward.
Big concern on Australian banks is the mortgage issue. Housing market grew at an alarming rate and interest rates have gone up quite a bit. Strong management and good discipline, but no great growth going forward.
Mark Grammer
Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates
Price
$66.160
Owned
No
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