Westpac Banking Corp (ADR) (NYSE:WBK)

CAPS Rating: 2 out of 5

Provides a broad range of banking and financial services, including retail, commercial and institutional banking and wealth management services.

Results 1 - 16 of 16

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Member Avatar jenniferemma (50.15) Submitted: 5/12/2012 8:57:08 PM : Outperform Start Price: $18.82 WBK Score: -12.19

Australian Banks are oligopolistic. Good country economy. Pays a great dividend.

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Member Avatar d0w0kelley (< 20) Submitted: 8/28/2011 12:27:40 AM : Outperform Start Price: $17.55 WBK Score: -20.77

Large Cap stock trading above their 14-day SMA

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Member Avatar Sinner75 (82.00) Submitted: 11/6/2010 11:43:34 PM : Underperform Start Price: $17.58 WBK Score: +17.08

a great way to short the over valued Australian property market

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Member Avatar TrojanFan (28.72) Submitted: 11/18/2009 8:27:09 PM : Outperform Start Price: $16.59 WBK Score: -26.12

This is a long-term macro call on the Australian economy and AUD vs. USD.

Both the appreciation and dividend stream are levered to dollar weakness so persistent dollar weakness should be good for this stock and I expect the huge raw material driven trade surpluses with China to support the Aussie economy for years to come.

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Member Avatar Paramnesia1930 (29.15) Submitted: 9/2/2009 7:50:23 PM : Underperform Start Price: $14.53 WBK Score: +23.18

Financial stocks carry a P/E ratio of 22.4, and the so-called "recovery" has been especially strong in bank stocks. Therefore, I’m concentrating my shorting interest in the banking sector.

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Member Avatar lesailes (< 20) Submitted: 10/18/2008 2:23:42 AM : Outperform Start Price: $10.47 WBK Score: +33.06

This is a good solid bank as a result of a near death experience in the 90s recession, and the culture change imposed by a top US banker Bob Joss.. (Thanks Bob!) With the prudential regime for banks in Australia ensuring capital adequacy and Westpac taking over St. George, a popular mid-size regional bank, there would be worse banks to take a punt on. Finally there are 4 large national banks in Australia and Westpac is one of the two best ones..

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Member Avatar muffins2go (< 20) Submitted: 6/27/2008 11:49:29 AM : Outperform Start Price: $13.22 WBK Score: +35.74

Nice long term stock with good dividend of approx. 6.5%. Very good stable historical price pattern - generally increasing for past 10 years. This is an Australian bank, unlikely to be impacted much by financial woes in the States. A good buy point as it has dropped nearly 50% from its all time high last year - I believe the recent drop is caused by Westpac bidding to buy another bank for 16 Billion.

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Member Avatar spexbz (25.15) Submitted: 4/8/2008 2:14:48 PM : Outperform Start Price: $14.31 WBK Score: +29.40

Westpac is not really in the doldrums - and is a reasonable mid to long term play

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Member Avatar Digamambo (< 20) Submitted: 2/26/2008 6:55:06 AM : Outperform Start Price: $14.49 WBK Score: +26.90

One of my favourite banks worldwide. And one of the most spoted by the analysts.

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Member Avatar grammatoncleric (< 20) Submitted: 2/15/2008 1:06:45 AM : Underperform Start Price: $13.82 WBK Score: -33.40

foreign banking

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Member Avatar lareineivre (90.29) Submitted: 12/30/2007 2:48:24 AM : Outperform Start Price: $16.00 WBK Score: +20.65

Favorable risk / reward profile. Comparative analysis:
http://f1.grp.yahoofs.com/v1/8EF3R8IApDlbI1SUEwj9ACPoO-N506V3BymU7tTVdt21_4PxNLCn-oJ6KY_K8iQ5Z-yn652fM-b9S1MpHcVrFg/VOps/VOps%2007.11.30.xls

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Member Avatar ErnieKo (42.85) Submitted: 11/9/2007 3:07:53 PM : Outperform Start Price: $17.31 WBK Score: +6.89

I started buying (a little) at 12.90 in 1993 after doing a lot of research on this Australian bank. Looked to me like a potential leader in banking in the Southern Hemisphere. Tripled my holdings in 2002, at 41.17 because its management coninuously impressed me. More than doubled my holdings again in 2005 at 75.5. The stock in the last 6 months has been trading between 125 and 140+.
Throughout the bank has been characterized by
1) Good management that doesn't seem to fall for the latest get-rich-quick scheme -- e.g., near-zero writeoffs for bad mortgages.
2) A culture of increasing dividends year to year to keep them at about the same percentage (~ 5%) of current stock price. So I'm getting huge dividend returns from my early stock buys.
3) Benefits from the huge infrastructure investments being made in nearby China, and to some extent in India. (For exports that carry high transport costs, like coal and iron ore, Australian industry has a huge advantage because of short transport distances.)
4) Benefits from the weakness in the U.S. dollar -- the same dividends and asset values in Australian dollars translate ot higher U.S. dollar returns.
Biggest risk is a slowdown in the Indian/Chinese infrastructure investments. But that's TOUGH to do on purpose; it'd generateing temendous political unrest in those still-underdeveloped countries.

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Member Avatar adrianunderwater (60.90) Submitted: 9/26/2007 8:32:30 PM : Outperform Start Price: $15.86 WBK Score: +26.91

Big dividend in a growing (Australia) economy.

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Member Avatar NetscribeInterna (75.51) Submitted: 5/30/2007 7:28:37 AM : Outperform Start Price: $13.66 WBK Score: +51.52



Westpac’s performance is showing signs of rapid growth. For the six months ended 31 March 2007, its total interest income surged 20% to A$10.49 billion, while the net interest income after loan loss provision increased 7% to A$2.86 billion. The rise can be primarily attributed to sturdy growth across Australian banking, with strong performance of wealth management business aiding the company to deliver solid results. Net income tally also observed an improvement of 12% to A$1.64 billion, however the rise was partially offset by higher salaries & other staff expenses and drop in net interest margin by 16 basis points.

The bank is currently very close in obtaining a banking license in China, which will allow it to open a branch in Shanghai. It is speculated that China Banking Regulatory Commission has given its preliminary approval, with a formal signing expected soon. Given the relatively closed state of Chinese economy, the license will provide Westpac a major boost for its international operations and also provide the company a foothold in the fastest growing economy in the world.

The recent U.S. services industries and productivity figures have abated the concern for the short term that the world's largest economy is slowing, which has created a positive impact on primarily the international banking stocks as US is the key market in the banking space. Moreover, the Australia's central bank slashed its forecast for inflation in 2007, signaling it may not raise interest rates this year also is creating a positive environment for Westpac. The company is also benefiting from a huge demand for loans from companies, growing at the fastest pace since 1989, aiding Westpac to increase its market share in corporate lending. However, the only concern remains the New Zealand business that is facing some tough times. Still considering the favorable environment, the strong growth of Australian financial markets, with the benchmark Australian index mounting swiftly and more importantly strong fundamentals of Westpac makes it a healthy investment for the rest of the year.

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Member Avatar olrick (22.92) Submitted: 1/6/2007 4:53:28 PM : Outperform Start Price: $11.42 WBK Score: +78.56

Aussie Bank, good growth, big dividends, healthy economy down under...what's not to like?

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Member Avatar johnthewebguy (< 20) Submitted: 10/26/2006 2:00:12 PM : Outperform Start Price: $10.67 WBK Score: +88.52

A growing bank in a growing economy . . . pays a great dividend, but would like this pick even without that little perk.

Results 1 - 16 of 16

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