{
Westpac Banking Corp

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}
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001122334455554433221100

macquarie leads australian banks in deposit and mortgage growth analysis

Morgan Stanley reports that Macquarie Group has achieved exceptional growth in deposits and mortgages, outperforming major Australian banks. The Commonwealth Bank of Australia has shown below-system growth in both areas, while Westpac has underperformed the market average. National Australia Bank exceeds industry benchmarks in household deposits but lags in mortgage growth, and ANZ matches the market in deposits but falls short in mortgages.
TradingView
Australian Dollar Macquarie Group Ltd National Australia Bank Ltd Westpac Banking Corp Commonwealth Bank of Australia ANZ Group Holdings Ltd AUS Show more
Business & Industry, Market Report
05:06 01.04.2025

Australia 200 rebounds as rate cut expectations boost supermarket and real estate stocks

The Australia 200 index rose 38 points (0.48%) to 7957, poised for its best close in nearly two weeks, buoyed by supermarket stocks following ACCC findings. The real estate sector also gained amid expectations of an RBA rate cut in May, while the financial sector showed signs of recovery. Gold prices retreated from record highs, and Paladin's uranium operations were suspended due to heavy rainfall.
IG
Australian Dollar N-able, Inc. Westpac Banking Corp Mirvac Group Boss Energy Ltd Lendlease Group Gold Road Resources Ltd Paladin Energy Ltd Deep Yellow Ltd Perseus Mining Ltd Stockland Coles Group Ltd Bannerman Energy Ltd Woolworths Group Ltd Metcash Ltd De Grey Mining Ltd Vicinity Centres AUS Show more
Finance & Economy, Market Report
06:28 21.03.2025

Morgan Stanley downgrades national Australia bank amid increased execution risks

Morgan Stanley has downgraded National Australia Bank (NAB) from 'overweight' to 'equal weight' and reduced its price target by 7% to $34.80, citing higher execution risks due to management changes and competitive pressures in business banking. The firm retained its 'equal weight' rating for ANZ with a 7.5% price target increase to $29.30, while Westpac and Commonwealth Bank maintained their 'underweight' ratings, with price targets unchanged for Westpac and a slight increase for Commonwealth Bank to $128.
Capital Brief
Australian Dollar Westpac Banking Corp National Australia Bank Ltd Commonwealth Bank of Australia Morgan Stanley AUS Show more
Business & Industry, Market Report
01:53 20.03.2025

Australia 200 edges higher amid geopolitical tensions and positive jobs outlook

The Australia 200 index is trading slightly higher at 7860, recovering from an intraday high of 7922 amid rising geopolitical tensions following Israel's airstrikes on Gaza. The upcoming jobs report is expected to show stable employment, likely keeping interest rates on hold. In the energy sector, Beach Energy and AGL Energy saw gains, while gold prices hit a record high, benefiting companies like Regis Resources. The banking sector experienced mixed results, and the materials sector remained steady despite fluctuations in coal and iron ore stocks.
IG
Australian Dollar United States Dollar Macquarie Group Limited National Australia Bank Limited Santos Limited Westpac Banking Corp Northern Star Resources Ltd Boss Energy Ltd Gold Road Resources Ltd Deep Yellow Ltd Perseus Mining Ltd Fortescue Ltd Regis Resources Ltd Bannerman Energy Ltd Australia and New Zealand Banking Group Ltd Rio Tinto Group Commonwealth Bank of Australia AGL Energy Ltd AUS Show more
Finance & Economy, Market Report
05:28 18.03.2025

westpac appoints former nab cfo as finance chief amid mixed analyst views

Morgan Stanley views Nathan Goonan's appointment as Westpac's CFO positively, citing his experience as the former finance chief of National Australia Bank (NAB). However, the departures of Goonan and Rachel Slade from NAB are seen as a negative for the bank in the short term. The brokerage maintains an "under-weight" rating on Westpac with a price target of A$29.6, while rating NAB "over-weight" with a target of A$33.3.
TradingView
Australian Dollar Westpac Banking Corp National Australia Bank Limited AUS Rachel Slade Nathan Goonan
Business & Industry, Market Report
23:03 17.03.2025

asx 200 declines despite rba rate cut amid mixed sector performance

The ASX 200 fell 46 points (-0.55%) to 8490, despite the RBA's first interest rate cut since November 2020, which was anticipated due to a decline in inflation. The financial sector faced declines, with Westpac down 2.22%, while the technology sector showed gains, led by Zip Co's 3.06% increase. Key economic data will be monitored ahead of the RBA's next meeting in April.
IG
United States Dollar Australian Dollar BHP Group Ltd Life360, Inc. Mineral Resources Ltd Westpac Banking Corp Zip Co Ltd Megaport Limited Rio Tinto Group EML Payments Ltd N-able, Inc. AUS Show more
Finance & Economy, Market Report
06:53 18.02.2025

asx 200 reporting season highlights mixed results from major companies

Westpac reported a 9% YoY decline in NPAT to $1.7 billion, citing cost of living pressures and high interest rates, while its share price fell over 4%. Bendigo and Adelaide Bank's NPAT dropped 23.2% to A$282.3 million, impacted by margin pressures. BlueScope Steel's NPAT plummeted 59% to A$179.1 million, despite a 12% share price surge, while A2 Milk achieved a 7.6% NPAT growth to A$91.7 million, bolstered by market share gains. Lendlease returned to profitability with a statutory NPAT of A$48 million, and Aurizon announced a dividend despite a 4% earnings reduction.
IG
Australian Dollar Aurizon Holdings Ltd Audinate Group Limited Lendlease Group Westpac Banking Corp Bendigo and Adelaide Bank Ltd BlueScope Steel Ltd Findi Limited CHN AUS IND Richard Fennell Anthony Miller David Bortolussi Show more
Finance & Economy, Market Report
07:15 17.02.2025

us stock gains and rba outlook propel asx 200 to record high

US stock markets rose, buoyed by technology gains and easing inflation concerns, while the ASX 200 reached a record high above 8600, supported by a strong earnings season and expectations of an RBA interest rate cut. Key economic indicators showed US inflation rising, with jobless claims falling, while Australia saw improvements in consumer and business confidence. Upcoming key dates include the RBA interest rate decision and Japan's Q4 GDP release.
IG
New Zealand Dollar British Pound Sterling Australian Dollar Japanese Yen United States Dollar Westpac Banking Corp National Australia Bank Ltd JPN USA AUS Jerome Powell Show more
Finance & Economy, Market Report
06:01 14.02.2025

ASX 200 hits record high amid strong earnings and rate cut expectations

The ASX 200 reached a new record high of 8575.2, buoyed by strong earnings and expectations of interest rate cuts from the RBA. Temple & Webster's shares soared 13.73% after reporting a 23.6% revenue increase, while Treasury Wine Estates saw a 5.07% drop due to cautious guidance. The financial and materials sectors led the gains, with the latter benefiting from rising iron ore prices.
IG
Australian Dollar Chinese Yuan United States Dollar Droneshield Ltd Mineral Resources Ltd Westpac Banking Corp National Australia Bank Ltd WiseTech Global Ltd. Appen Ltd. Tyro Payments Limited Commonwealth Bank of Australia Macquarie Opportunity C Rio Tinto Group Sigma Healthcare Ltd Australia and New Zealand Banking Group Ltd Fortescue Ltd CHN USA AUS Show more
Finance & Economy, Market Report
06:10 13.02.2025

ASX 200 rises amid mixed earnings and trade war uncertainties

The ASX 200 rose 5 points (0.06%) to 8488 amid mixed reporting season results, with Seven West Media up 6.06% and CSL down 3.74%. Gold prices hit a record high of $2942, reflecting trade war uncertainties, while the NAB Business Confidence index improved to +4 in January. The index remains in a bullish trend, with support at 8380-8360.
IG
United States Dollar Australian Dollar Regis Resources Ltd Westpac Banking Corp Adairs Limited Cettire Limited Domino's Pizza, Inc. JB Hi Fi Ltd De Grey Mining Ltd Evolution Mining Ltd Northern Star Resources Ltd Seven West Media Ltd Macquarie Group Limited USA AUS Show more
Finance & Economy, Market Report
06:07 11.02.2025
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