Analysts at Citi are positive on the Westpac share price and believe it is great value at the current level. They are also forecasting generous dividend yields in the coming years.
Is Westpac a buy now?
The latest insight into Westpac’s financial returns was the FY21 half-year result where it saw statutory net profit grow 189% to $3.4 billion and cash earnings go up 256% to $3.5 billion. … One broker that does rate Westpac as a buy is Morgan Stanley. This broker has a price target on Westpac of $29.20.
Shares in Australia’s major banks offer strong long-term returns that can offset the borrowing pain caused by rising interest rates, it has been suggested. Aussies searching for good investment options could also choose to compare term deposits in search of the best returns. …
The latest closing stock price for Westpac Banking as of September 10, 2021 is 18.83.
- The all-time high Westpac Banking stock closing price was 35.06 on May 03, 2013.
- The Westpac Banking 52-week high stock price is 20.82, which is 10.6% above the current share price.
Is ANZ a buy?
The good news is that it doesn’t appear to be too late to buy ANZ shares despite their impressive gain this year. According to a recent note out of Bell Potter, its analysts have a buy rating and $30.00 price target on the bank’s shares.
Will Westpac pay a dividend in 2021?
Westpac’s 2021 interim ordinary dividend was announced on 3 May 2021 and was paid on 25 June 2021. It was 100% franked with Australian franking credits at the company tax rate of 30%.
Is my money safe in a bank during a recession?
If you have checking and savings accounts with a traditional or online bank, you likely are already protected. The Federal Deposit Insurance Corp. (FDIC), an independent federal agency, protects you against financial loss if an FDIC-insured bank or savings association fails.
Are banks a good long term investment?
Banks can be a great long-term investment over the next few decades as we can expect rising interest rates making banks more profitable again. And banks still have a wide economic moat around the business based on switching costs and cost advantages.
Why are banks stocks falling?
BENGALURU, July 19 (Reuters) – Indian shares fell on Monday, dragged by HDFC Bank as it missed quarterly profit expectations, with sentiment further dented by broader Asian peers falling in early trade on a renewed coronavirus scare. By 0458 GMT, the NSE Nifty 50 index (.
Summary
| Current Price: | $25.31 |
|---|---|
| 52w High/Low: | $16.00 – 27.12 |
| Market Cap: | 92.6B |
| Price/Earnings: | 20.2 |
| Dividend Yield: | 3.52% |
How much is the Westpac dividend?
Westpac announces new dividend
Westpac will pay a fully franked 58 cents per share dividend on 25 June, with an ex-dividend date of 13 May. This dividend is a significant increase over Westpac’s final dividend of 2020, which was paid out on 18 December last year, and came to 31 cents a share.
Why is Woodside so low?
The sector has been under increasing pressure with falling oil and gas prices during the pandemic and the threat of climate change that is threatening longer term demand.