Company
Westpac Banking Corporation
Headquarters: Sydney, NSW, Australia
Employees: 40,143
CEO: Mr. Peter Francis King F.C.A., BEc, FCA
Market Cap
A$73.02 Billion
AUD as of July 1, 2023
US$48.65 Billion
Westpac Banking Corporation Categories
Australia
languages
Financials
languages
Banks—Diversified
Australia Financials
Australia Banks—Diversified
Company Description
Westpac Banking Corporation, commonly known as Westpac, is a bank and provider of financial services. Founded in 1817, Westpac now gathers more than 14 million customers in five divisions: consumer banking, commercial and business banking, wealth management, institutional banking, and Westpac New Zealand.
Top Competitors by Market Capitalization
Industry: Banks—Diversified
| Company | Market Cap (USD) |
|---|---|
JPMorgan
|
$430.80 B |
|
Bank of America
|
$231.26 B |
ICBC
|
$219.65 B |
|
Agricultural Bank of China
|
$165.54 B |
|
Wells Fargo
|
$163.20 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
|
Berkshire Hathaway
|
$749.90 B |
|
Visa
|
$511.33 B |
|
JPMorgan
|
$430.80 B |
|
Mastercard
|
$382.39 B |
|
Bank of America
|
$231.26 B |
Detailed Description
Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, the Americas, Asia, Europe, and internationally. It offers everyday banking, savings, term deposit, business transaction, foreign currency, and specialized accounts; home, personal, and business loans; credit cards; international and travel services; share trading services; investment; and home, car, travel, life, and business insurance products. The company also provides merchant and payment, corporate and institutional, transaction banking, financial market, corporate and structured finance, trade and supply chain financing, and industry specific banking and treasury services, as well as online banking services. It serves individuals; micro, small, and medium enterprises; commercial business and private wealth clients; and commercial, corporate, institutional, and government customers. The company was formerly known as Bank of New South Wales and changed its name to Westpac Banking Corporation in October 1982. The company was founded in 1817 and is based in Sydney, Australia.
Stocks & Indices
Westpac Banking Corporation has the following listings and related stock indices.
Stock: ASX: WBC
Stock: ASX: WBCPI
Stock: NYSE: WBK