Westpac Updates on Securities Buy-Back Program

Story Highlights
Westpac Updates on Securities Buy-Back Program

Westpac Banking ( (AU:WBC) ) just unveiled an update.

Westpac Banking Corporation has announced an update on its ongoing on-market buy-back of ordinary fully paid securities. As of the latest update, the company has bought back a total of 85,874,831 securities, with 497,280 purchased on the previous day. This buy-back initiative is part of Westpac’s strategy to manage its capital structure and enhance shareholder value.

More about Westpac Banking

Westpac Banking Corporation is a major financial services company operating in the banking industry. It provides a range of banking and financial services, with a focus on retail, business, and institutional banking. Westpac is a prominent player in the Australian market, offering products such as loans, credit cards, and investment services.

YTD Price Performance: 1.65%

Average Trading Volume: 2,393

Technical Sentiment Signal: Sell

Current Market Cap: $68.6B

Find detailed analytics on WBC stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App