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Westpac Banking Corporation (WBC) has a Neutral 1 shares recommendation and a share price target of $23.50 ... 2007 (planning to retire from executive life). Westpac (WBC) are exploring options on both external and internal CEO candidates in coming months. There are two issues for WBC according to UBS: Margins and Costs: "(1) WBC has enjoyed sector level EPSg ...

Recommendations - Craig Strzelecki - 14/11/2007 - 16:40 - 0 comments - 0 attachments

... short term value ideas in the banking sector: ANZ & WBC. Rotation amid the rising bond yield environment saw the banks underperform ... the best, rising 0.9% last week. The worst performer was WBC, closing down 0.8%. Though all three regionals finished in positive ...

Recommendations - Craig Strzelecki - 14/11/2007 - 06:38 - 0 comments - 0 attachments

Westpac (WBC) have a upgraded stock recommendation to Outperform from stock analyst ... expect that by the end of FY07 it will be evident that WBC will be back on track to deliver peer level EPS growth in FY08. This raises ... upgrades to FY08, combined with a significant narrowing of WBC’s discount." Westpac Banking Corporation Limited is listed on the ...

Recommendations - Craig Strzelecki - 22/11/2007 - 05:48 - 0 comments - 0 attachments

Westpac (WBC) have a retained Outperform rating and a $25.80 share price target from ... number 1 pick in the banking sector. MRE had upgraded WBC as their key pick stock in the banking industry as a result of an ... and financial markets income) are more than reflected in WBC's 6% discount to the sector and operational momentum should improve as FY07 ...

Recommendations - Craig Strzelecki - 22/11/2007 - 05:23 - 0 comments - 0 attachments

Westpac Banking Corporation (WBC) has a Buy 1 stock recommendation and a share price target of $29.80 from Australian analyst UBS. WBC CEO’s has sold 600k WBC shares: WBC announced today that it’s CEO David Morgan has sold 600,000 ...

Recommendations - Craig Strzelecki - 14/11/2007 - 09:12 - 0 comments - 0 attachments

... global portfolio. Westpac Banking Corporation ( WBC ) - Formerly called the Bank of New South Wales, Westpac Banking Corporation (WBC) is one of the four largest and principal banks in Australia. ...

Page - Share Trading - 08/01/2009 - 04:10 - 0 comments - 0 attachments

Shares in Westpac (WBC) have jumped over 2% in morning trade to lead the banking sector higher ... announced at FY05 result. At its FY05 results in November, WBC announced an off market tender buyback of approximately $700m (with a $4 ... franked dividend). This was announced in conjunction with WBC's Dividend Reinvestment Plan (DRP) which had a participation rate of 21.7% ...

Recommendations - Share Trading - 27/01/2008 - 20:29 - 0 comments - 0 attachments

Westpac Banking Corporation (WBC) have outperformed the bank sector and the market (XJO) over the past two ... of an increasing dividend payout ratio. Westpac (WBC) is reporting its 1H06 result this Thursday, 4 May, and Macquarie Research ... and hence unlikely to surprise on the upside. Westpac (WBC) is trading in line with MRE’s 12 month price target of $25.00, and MRE ...

Recommendations - Craig Strzelecki - 23/11/2007 - 06:23 - 0 comments - 0 attachments

Westpac Banking Corporation (WBC) has a Buy recommendation and a share price target of $30 from Australian ... credit crisis and tests the market with $850m bond issue. WBC announced it has issued $850m in 3 yr and 5 yr bonds. The 3yrs were priced ... 5 yrs at 42 bp over swap. They note: (1) Westbap Banking (WBC) wanted to "test the water" in the debt market. It believes that the banks ...

Recommendations - Craig Strzelecki - 14/11/2007 - 09:13 - 0 comments - 0 attachments

Westpac Banking (WBC) have a retained hold rating and a share price target of $26.50 from ... Consumer head, indicates management had its own concerns. WBC's approach to provisioning appears more prudent than some other banks. A ... in FY08 in CIR's opinion; Together with other major banks, WBC will benefit from capital release on transition to the new accord. ...

Recommendations - Craig Strzelecki - 14/11/2007 - 13:33 - 0 comments - 0 attachments