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Westpac Banking ( (AU:WBC) ) just unveiled an announcement.
Westpac Banking Corporation has announced an update regarding its ongoing on-market buy-back program. As of the latest notification, the bank has repurchased a total of 87,622,014 ordinary fully paid securities, with an additional 606,926 securities bought back on the previous day. This buy-back initiative is part of Westpac’s strategy to manage its capital structure and deliver shareholder value.
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 prominent financial services provider in Australia, offering a range of banking and financial products. The company focuses on delivering services such as personal banking, business banking, and wealth management, catering to a diverse market that includes individuals, small businesses, and large corporations.
Average Trading Volume: 5,173,305
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$117.3B
For detailed information about WBC stock, go to TipRanks’ Stock Analysis page.