Is the Westpac Banking Corp (ASX: WBC) share price a buy right now? "We are putting in place measures to ensure employee long service leave is correctly calculated.". No announcement is required so the "Since" date is often unavailable. All Rights Reserved. document-3 Created with Sketch. Retail turnover rose by a record 16.9 per cent in May, an even bigger rebound than preliminary figures had suggested, after a fall of 17.7 per cent in April. dashboard. Get Started Investing By business reporters Sue Lannin and Stephanie Chalmers, wires. That means, the advice does not take into account your objectives, financial situation or needs. The big banks have a strong market position, I don’t think Bank of Queensland Limited (ASX: BOQ) or Suncorp Group Ltd (ASX: SUN) is suddenly going to become a borrower’s preferred bank. It followed Adbri informing the market its subsidiary, Cockburn Cement, had lost a lime supply contract, which represented $70 million in annual revenue, from June next year. Companies are not obliged to report this data (with the exception of Substantial Shareholders above 5%). Established in 1817 as the Bank of New South Wales, the company changed its name to Westpac Banking Corporation in 1982 and is one of Australia’s “big four” banks in terms of market capitalisation, earnings and customers. Our analyst’s 7,500-word report, Our Ultimate BNPL Sector Report, takes a deep dive into the BNPL sector and shines a spotlight on each of the major players in this booming market. He has an advanced diploma from the Association of Accounting Technicians (UK) and is currently studying to be a Chartered Institute Management Accountant. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Investment news, stock ideas, and more, straight to your inbox. See the Consensus Data posts for more information. All rights reserved. Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. For more information please see our Financial Services Guide. Banks could be buys in a rising interest environment. The Australian dollar gained ground, and was buying around 69.3 US cents by 4:45pm AEST. Brent crude jumped 1.8 per cent to $US42.79 a barrel, boosted by the good US jobs numbers. The Afterpay Ltd (ASX:APT) share price is rising after announcing the launch of savings accounts with the help of Westpac Banking Corp (ASX: WBC). All data on this page is supplied by the ASX, Morningstar and Market Index. Read detailed company information including current share prices, financial summary, directors, announcements, dividends & … The reopening of stores also impacted the share of online sales, which accounted for 10.1 per cent of total retail turnover in May, down from 11.1 per cent in April but still well above the 6.2 per cent they accounted for in May last year. ASX closes higher, Westpac to repay staff $8 million in underpaid leave entitlements. Companies are not obliged to report this data. There's one state where it may not be legal, Victoria could remove ring of steel border around Melbourne next month, Premier says, NCA bombing suspect watched aftermath of fatal blast from street, documents reveal, WA Premier says he should have told public two Australians disembarked COVID-hit ship, Ash Barty 'surprised and honoured' to be asked to present AFL premiership cup, Deadline on $20,000 home builder grant extended in WA. “For WIB, the change will enable us to deliver products and services to customers more efficiently. There are other dividend-paying ASX shares that could be solid long-term buys today including: Brickworks Limited (ASX: BKW), Rural Funds Group (ASX: RFF), Pacific Current Group Ltd (ASX: PAC) and Magellan Financial Group Ltd (ASX: MFG). Don't miss out! Most sectors rose on the S&P 500 with miners making the biggest percentage gains. One of most disappointing things about the third quarter update was that Westpac said its net interest margin (NIM) fell by 8 basis points to 2.05% (excluding notable items). The job losses were worst among women and young people, with Eurostat estimating that 16 per cent of young people were jobless. Our ambition is to be the leading Australian and New Zealand-focused institutional bank for customers while delivering sustainable returns.”. That means, the information and advice does not take into account your objectives, financial situation or needs.