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Westpac Banking ( (AU:WBC) ) has issued an announcement.
Westpac Banking Corporation announced the cessation of 581,313 ordinary fully paid securities due to an on-market buy-back, effective January 30, 2025. This move is likely part of Westpac’s ongoing capital management strategy, potentially affecting its stock value and shareholders by reducing the number of outstanding shares, which could enhance earnings per share.
More about Westpac Banking
Westpac Banking Corporation is a major banking institution operating in the financial services industry. It primarily offers banking products and services including personal, business, and institutional banking solutions, focusing on the Australian and New Zealand markets.
YTD Price Performance: -2.43%
Average Trading Volume: 2,874
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $70.95B
For detailed information about WBC stock, go to TipRanks’ Stock Analysis page.
