WESTPAC BANKING CORPORATION - ASX: WBC

User names and profile images are hidden to the public for privacy purposes. You must be logged in to a ShareShack account to view profiles, see watchlists and to join the conversation. New to ShareShack? Join now for free.

Disclaimers & Warning to people viewing posts:

1.1 We do not endorse or vouch for the accuracy or authenticity of any postings on our Website.

1.2 Each user who makes a post on our Website is individually responsible for the accuracy or authenticity of their own posting on our Website.

1.3 No person is permitted to make postings on our Website in their capacity as the holder of an Australian financial services licence (Licensee) or as an authorised representative of a Licensee.

1.4 At best, postings and other material made available on our Website are general information and not professional investment or financial advice that has been prepared taking into account any individual circumstances and needs of particular investors. Therefore, before you act on the basis of what is said in a posting on our Website, you should:

(a) consider consulting a Licensee or an authorised representative of a Licensee (ASIC’s website at www.asic.gov.au has a list of Licensees and authorised representatives); and

(b) visit ASIC’s consumer website at https://www.moneysmart.gov.au/ for general guidance about investing.

1.5 Due to the nature of the internet, it may be hard to identify or locate the person making a posting on our Website. The person may also be in an overseas jurisdiction, so it may be hard to take any legal action against them.

1.6 You will have no access to ASIC-approved dispute resolution schemes to recover any losses you may suffer by relying on postings in this website.

1.7 Financial products cannot be offered to you for sale or issue through postings on our Website.

1.8 It is advisable that you alert us or ASIC on 1300 300 630 if you have good reason to suspect that any postings are inaccurate, are based on inside information or are likely to mislead or deceive people who view or use the postings on our Website.

1.9 The information posted on this website is not, and is not intended to be, financial product advice within the meaning of the Corporations Act 2001 (Cth). Any information posted on our Website has been prepared without taking into account your objectives, financial situation or needs. Therefore, before acting on any information posted on our Website, you should consider whether the information is appropriate in relation to your objectives, financial situation and needs.

ASX investor profile picture
ShareShack user name hidden until logged in February 04
From what I have read on the royal commission recommendations, the banks and broader financials will come out of this relatively unscathed compared to what the market was expecting. It will be worth keeping an eye on the commentary over the next week or so and in particular, CBA’s results and accompanying commentary on Wednesday. I reckon we might see some accumulation of banks over the remainder of this week now that the final report is out....Show more
ASX investor profile picture
ShareShack user name hidden until logged in January 02
With the banking royal commission closed and regulators removing the caps on interest only lending from 1st Jan 2019, will this spark a turnaround of bank stocks?

Or will the negative sentiment of the property market continue to keep investors cautious?

Westpac is looking very attractive from a value perspective - PE of 10.7 and a fully franked div @ 7.6%.
Chart is yet to show established support so maybe better to wait before taking a position.



...Show more
ASX investor profile picture
ShareShack user name hidden until logged in November 21
Boy am I glad I sold all of my bank shares prior to going ex-div a couple of weeks ago. Now to decide when to get back into the market? Definitely not back into the banks though....Show more
ASX investor profile picture
ShareShack user name hidden until logged in November 12
Westpac recently announced a new capital notes offer. Has anyone here participated in previous capital notes offers from any of the big four banks? I'm interested in hearing your rationale for investing in capital notes rather than ordinary shares and vice versa....Show more
ASX investor profile picture
ShareShack user name hidden until logged in November 11
Banks reporting season is over - this is Cuffelinks report card on how they fared...
https://cuffelinks.com.au/bank-reporting-season-scorecard-oct-2018/
...Show more
ASX investor profile picture
ShareShack user name hidden until logged in October 28
Interesting info on big banks...
https://cuffelinks.com.au/tale-five-big-banks/
...Show more
ASX investor profile picture
ShareShack user name hidden until logged in September 07
WBC is currently sitting near 5 1/2 yr lows. There is some long term support evident at current levels and I’ve taken a position at $27.70 today. WBC is currently trading on the lowest forward earnings multiple of all the majors. There are some concerns about WBC meeting the minimum CET1 capital requirement by the APRA deadline which could mean either a small cut to dividends or a capital raise in a worst case scenario which would obviously be negative for the stock....Show more
ASX investor profile picture
ShareShack user name hidden until logged in July 14
Video below on 9 July 2018 contains broking house Morgan's views on the banking sector and on Westpac in particular as their pick of the banks.

https://www.youtube.com/watch?v=vGWFaPu-VUE
...Show more
ASX investor profile picture
ShareShack user name hidden until logged in April 29
Interested in peoples views on the potential impact of the Royal Commission on the banks and the Australian economy in general.

Do you think it could lead to a sharpening of underwriting standards given the Commissions concerns with Responsible Lending and a reduction in credit availability?

I'm concerned that if this were to happen, it could cause the property market to fall?

I think that even at the higher dividend yields that all the banks are offering at their current prices, the downside risks as a result of the Royal Commission are higher than the upside potential.

Does anyone disagree- because 7% dividend yield on NAB and Westpac is pretty attractive and tempting.

I just think too risky right now...
...Show more