|Bid||14.96 x 900|
|Ask||15.10 x 1000|
|Day's Range||15.05 - 15.37|
|52 Week Range||14.09 - 20.82|
|Beta (5Y Monthly)||0.85|
|PE Ratio (TTM)||15.16|
|Forward Dividend & Yield||0.88 (5.77%)|
|Ex-Dividend Date||Nov. 08, 2021|
|1y Target Est||N/A|
(Bloomberg) -- Australia’s unemployment rate tumbled to a 13-year low in December, potentially setting the stage for the Reserve Bank to scrap its bond-buying program and bring forward interest-rate increases.Most Read from BloombergEarly Omicron Breakthroughs Show MRNA Vaccines’ WeaknessWhy Some Vaccinated People Resist Omicron and Others Don’tBiden Expects Russia to ‘Move In’ on Ukraine; Warns of SanctionsStocks Drop as Selloff Puts Nasdaq Into Correction: Markets WrapIs Covid Becoming Endemic
Australia's Westpac Banking Corp was hit with a so-called "first strike" vote against executive pay plans at its annual general meeting and Chairman John McFarlane apologised "unreservedly" for a sharp decline in its share price. McFarlane, nicknamed "Mack the knife" in Britain for removing CEOs during his chairmanship at Aviva and Barclays, also said Westpac would begin making succession plans for its chief executive.
Shares of the Australian bank Westpac Banking Corp (NYSE: WBK) had fallen nearly 13% on the week, as of market close Thursday. The net interest margin fell on a year-over-year basis. Net interest margin is essentially the difference between what banks make on interest-earning assets, such as loans, and payout on interest-bearing liabilities, such as deposits.