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EBKDY vs. WBK: Which Stock Is the Better Value Option?
The Australian bank reported earnings results earlier this week.
LYG vs. WBK: Which Stock Is the Better Value Option?
DB vs. WBK: Which Stock Is the Better Value Option?
As of late, it has definitely been a great time to be an investor in Westpac Banking (WBK).
RBA's efforts to aid economic growth by cutting rates will likely hurt banks like Australia and New Zealand Banking Group (ANZBY), Commonwealth Bank of Australia (CMWAY), Westpac Banking (WBK) and National Australia Bank (NABZY).
In trading on Thursday, shares of Westpac Banking Corp (WBK) crossed above their 200 day moving average of $12.84, changing hands as high as $12.89 per share. Westpac Banking Corp shares are currently trading up about 1% on the day..
Shares in Australian banks climbed in U.S. trading today after the country made it easier for banks to approve mortgages and small-business loans to help the economy recover from its first recession in almost 30 years.As part of the sweeping overhaul, the government will allow lenders to rely on income and spending information provided by borrowers when evaluating loan applications, instead of conducting their own lengthy verifications, said Treasurer Josh Frydenberg.The changes help to loosen banking regulations that became progressively stricter over the last decade.
Westpac's (WBK) fine marks the largest ever civil penalty in Australia's history.
Divestiture of the Vendor Finance business is part of Westpac Banking's (WBK) efforts to move away from non-core operations amid coronavirus scare.
WBK earnings call for the period ending June 30, 2020.
Westpac Banking (WBK -3.7%) has scrapped its interim dividend, amid the coronavirus crisis, knocking its share price lower.In Q3 update, the company said its core capital level had shrunk 1 basis point to 10.80% due to higher capital allocations to riskier exposures, a level close to the 10.50% baseline preferred by regulators.Westpac said it booked A$826M in credit impairment charges, and increased provisions to cover for bad debts, amid rising mortgage stress, customer downgrades and delinquencies were increasing.The bank reported cash earnings of A$1.32B, above the first-half average as coronavirus-related impairment charges eased.
SUPV vs. WBK: Which Stock Is the Better Value Option?
MUFG vs. WBK: Which Stock Is the Better Value Option?
GRPN – GRPN leads the way today as the best performing large cap stock, closing up 1,380.58%.
ZS – ZS leads the way today as the best performing large cap stock, closing up 26.45%.
ZS – ZS leads the way today as the best performing large cap stock, closing up 26.45%.
ZS – ZS leads the way today as the best performing large cap stock, closing up 26.45%.
DFS – DFS leads the way today as the best performing large cap stock, closing up 12.52%.
RCL – RCL leads the way today as the best performing large cap stock, closing up 14.88%.