Westpac Announces Cessation of Securities in Strategic Buy-Back

An update from Westpac Banking ( (AU:WBC) ) is now available.

Westpac Banking Corporation announced the cessation of 250,000 ordinary fully paid securities as part of an on-market buy-back, effective May 14, 2025. This move is part of the company’s capital management strategy, potentially impacting its share value and market capitalization, and reflecting its ongoing efforts to optimize shareholder returns.

The most recent analyst rating on (AU:WBC) stock is a Sell with a A$25.80 price target. To see the full list of analyst forecasts on Westpac Banking stock, see the AU:WBC Stock Forecast page.

More about Westpac Banking

Westpac Banking Corporation is a major financial services provider in the banking industry, offering a range of products and services including personal banking, business banking, and wealth management. It primarily operates in the Australian market and is listed on the Australian Securities Exchange under the code WBC.

YTD Price Performance: 3.21%

Average Trading Volume: 5,567,001

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$111.3B

For a thorough assessment of WBC stock, go to TipRanks’ Stock Analysis page.