Westpac Banking ( (AU:WBC) ) has provided an update.
Westpac Banking Corporation has announced an update on its ongoing share buy-back program, revealing that a total of 255,773 ordinary fully paid securities were repurchased on the previous day, adding to the cumulative total of 84,284,775 securities bought back. This buy-back initiative is part of Westpac’s strategy to optimize its capital structure and enhance shareholder value, reflecting the company’s commitment to returning surplus capital to its investors.
More about Westpac Banking
Westpac Banking Corporation is a major financial services provider in Australia, primarily engaged in offering a wide range of banking and financial products and services. The company focuses on retail, business, and institutional banking, serving a diverse clientele across the region.
YTD Price Performance: -6.64%
Average Trading Volume: 2,184
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $64.66B
Learn more about WBC stock on TipRanks’ Stock Analysis page.