This SMH article seems to make it easy to understand.
disallowed/business/banking-and-finance/westpac-s-loan-book-spells-good-news-for-the-economy-20220203-p59tla.html
The bottom line is Westpac has done aggressive cost-cutting and tried to improve and they delivered a bit better than expected performance in the last quarter. I believe we have got the double bottom so now it will rise slowly and the on-market buyback would kick in after the current buyback plan fails. Unless the share price races up to 22, I just don't see the current buyback plan going anywhere.
Ann: Westpac announces $3.5 billion off-market share buy-back, page-800
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Last
$33.99 |
Change
0.080(0.24%) |
Mkt cap ! $116.2B | |||
| Open | High | Low | Value | Volume |
| $33.90 | $34.00 | $33.65 | $99.58M | 2.935M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1475 | $33.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.99 | 385 | 1 |
View Market Depth
| Last trade - 16.15pm 07/08/2025 (20 minute delay) ? |
| WBC (ASX) Chart |