Westpac Banking Corp. ADS

  • TickerWBK
  • ISINUS9612143019
  • ExchangeNew York Stock Exchange
  • SectorBanks
  • CountryAustralia

Westpac Banking Corporation: Update to credit analysis

Westpac's Aa3 rating reflects the bank's strong balance sheet which provides a strong buffer against rising challenges in the operating environment from coronavirus related disruption.

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Breakout Brewing? With the 3200-3230 support level holding strong on the S&P 500, we remain constructive over the intermediate-term as outlined in our 11/3/20 Compass. Considering current market dynamics we see eventual decisive breakouts as the most likely outcome for the major averages, which justifies our positive outlook. At the same time, with the S&P 500, Russell 2000, and Nasdaq 100 climbing 7-12% in just over a week and all three testing logical resistance, we believe there is potential for some near-term backing-and-filling. Continue to buy dips. · Testing Resistance. Both t...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Testing Key Support In last Tuesday's Compass (10/27/20) we noted the S&P 500's break below 3425 short-term support opened the door for potential visits to 3325 and 3200. Support at 3325 was violated by Wednesday, however the 3200-3230 level has held and remains important support moving forward. Should 3200-3230 fail to hold, 3130 (the 200-day MA) would be a key line in the sand for us. If this level holds we see the recent pullback as a buying opportunity, however a break below 3130 would signal a bearish trend change. While the election results are likely to bring a healthy dose of volatili...

Westpac Banking Corporation: Earning challenges to continue but loss-absorbing buffers remain strong

Westpac's full year 2020 results highlights strong capital, but significant headwinds for profitability and asset quality

Moody's - Australia’s big four banks to feel pressure from weaker loan quality and slowing credit growth

Research Announcement:  Moody's - Australia’s big four banks to feel pressure from weaker loan quality and slowing credit growth Sydney, September 01, 2020 -- » Nonperforming loans to rise significantly toward the end of March 2021, when forbearance programs expire » Weak economy will weigh on profitability and capital, while downside risk remains Moody’s Investors Service says

Dave Nicoski ...
  • Ross LaDuke

Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Breakout Brewing? With the 3200-3230 support level holding strong on the S&P 500, we remain constructive over the intermediate-term as outlined in our 11/3/20 Compass. Considering current market dynamics we see eventual decisive breakouts as the most likely outcome for the major averages, which justifies our positive outlook. At the same time, with the S&P 500, Russell 2000, and Nasdaq 100 climbing 7-12% in just over a week and all three testing logical resistance, we believe there is potential for some near-term backing-and-filling. Continue to buy dips. · Testing Resistance. Both t...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Testing Key Support In last Tuesday's Compass (10/27/20) we noted the S&P 500's break below 3425 short-term support opened the door for potential visits to 3325 and 3200. Support at 3325 was violated by Wednesday, however the 3200-3230 level has held and remains important support moving forward. Should 3200-3230 fail to hold, 3130 (the 200-day MA) would be a key line in the sand for us. If this level holds we see the recent pullback as a buying opportunity, however a break below 3130 would signal a bearish trend change. While the election results are likely to bring a healthy dose of volatili...

David Ellis

Morningstar | APRA Requires Three Australian Major Banks to Hold More Operational Risk Capital. No FVE Changes

The banking regulator, Australian Prudential Regulation Authority, or APRA, has forced three of the four major banks to hold, on a temporary basis, an additional AUD 500 million each in operational risk capital requirement. APRA’s initiative is in response to the culture, governance and accountability self-assessment process carried out by Australia and New Zealand Banking Group, National Australia Bank, and Westpac Banking Corporation. In short, APRA believes the three major banks need to improve management and oversight of nonfinancial risk and is a direct outcome from the Royal Commission...

David Ellis

APRA Requires Three Australian Major Banks to Hold More Operational Risk Capital. No FVE Changes

The banking regulator, Australian Prudential Regulation Authority, or APRA, has forced three of the four major banks to hold, on a temporary basis, an additional AUD 500 million each in operational risk capital requirement. APRA’s initiative is in response to the culture, governance and accountability self-assessment process carried out by Australia and New Zealand Banking Group, National Australia Bank, and Westpac Banking Corporation. In short, APRA believes the three major banks need to impro...

David Ellis

Morningstar | APRA’s Proposed Changes to Capital Framework a Positive Development for Banks

The Australian Prudential Regulation Authority’s, or APRA’s, new capital guidelines released on June 12, 2019 contained no major surprises. A key highlight was the proposal to hold slightly more capital for high-risk loans (interest-only and investment property loans) relative to low-risk loans (owner occupied, principal and interest loans). Currently, all mortgages have the same capital requirements irrespective of their levels of risk. While due to come into effect until Jan. 1, 2022, we think the proposals: (1) help strengthen capital levels, which provide a greater buffer to manage a p...

Westpac Banking Corporation: Update to credit analysis

Westpac's Aa3 rating reflects the bank's strong balance sheet which provides a strong buffer against rising challenges in the operating environment from coronavirus related disruption.

Westpac Banking Corporation: Earning challenges to continue but loss-absorbing buffers remain strong

Westpac's full year 2020 results highlights strong capital, but significant headwinds for profitability and asset quality

Moody's - Australia’s big four banks to feel pressure from weaker loan quality and slowing credit growth

Research Announcement:  Moody's - Australia’s big four banks to feel pressure from weaker loan quality and slowing credit growth Sydney, September 01, 2020 -- » Nonperforming loans to rise significantly toward the end of March 2021, when forbearance programs expire » Weak economy will weigh on profitability and capital, while downside risk remains Moody’s Investors Service says

ANZ, CBA, NAB, WBC: June quarter update: Asset quality deterioration amid coronavirus stress will pressure profitability and capital

FINANCIAL INSTITUTIONS ISSUER IN-DEPTH 1 September 2020 RATINGS Australia and New Zealand Banking Group Limited Outlook Stable Senior Unsecured Aa3 Baseline Credit Assessment a2 Commonwealth Bank of Australia Outlook Stable Senior Unsecured Aa3 Baseline Credit Assessment a2 National Australia Bank Limited Outlook Stable

Westpac Banking Corporation: Update to credit analysis

Westpac's Aa3 rating reflects the bank's strong balance sheet which provides a strong buffer against rising challenges in the operating environment from coronavirus related disruption.

Ford Equity US Rating and Forecast Report

Ford Equity Research covers more than 4,000 stocks using a proprietary quantitative model that evaluates a company’s earnings strength, its relative valuation and recent price movement. Ford’s five recommendation ratings include strong buy, buy, hold, sell, strong sell. For all stocks in our coverage universe, ratings are generated each week and reflect the fundamental and price data as of the last trading day of the week.

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