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The latest update is out from Westpac Banking ( (AU:WBC) ).
Westpac announced that its subsidiary, RAMS Financial Group, has reached an agreement with ASIC to resolve an investigation into the conduct of RAMS franchisees and their employees. The proceedings involve civil penalties and are subject to court approval. RAMS has completed a remediation program and closed new home loan applications as of August 2024, while continuing to serve existing customers through digital and call center services.
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 operates in the financial services industry, offering a range of banking products and services. Its subsidiary, RAMS Financial Group, focuses on home loans and related financial services.
Average Trading Volume: 5,570,914
Technical Sentiment Signal: Buy
Current Market Cap: A$110B
See more data about WBC stock on TipRanks’ Stock Analysis page.