Westpac Banking Corp
ASX:WBC
Net Margin
Westpac Banking Corp
Net Margin measures how much net income is generated as a percentage of revenues received. It helps investors assess if a company's management is generating enough profit from its sales and whether operating costs and overhead costs are being contained.
Net Margin Across Competitors
| Country | Company | Market Cap |
Net Margin |
||
|---|---|---|---|---|---|
| AU |
|
Westpac Banking Corp
ASX:WBC
|
114.2B AUD |
31%
|
|
| US |
|
JPMorgan Chase & Co
NYSE:JPM
|
767.8B USD |
32%
|
|
| ZA |
A
|
Absa Bank Ltd
JSE:ABSP
|
428.9B Zac |
17%
|
|
| ZA |
C
|
Capitec Bank Holdings Ltd
JSE:CPI
|
403.9B Zac |
25%
|
|
| ZA |
S
|
Standard Bank Group Ltd
JSE:SBK
|
374.5B Zac |
17%
|
|
| CN |
|
Industrial and Commercial Bank of China Ltd
SSE:601398
|
2.7T CNY |
41%
|
|
| US |
|
Bank of America Corp
NYSE:BAC
|
346.8B USD |
7%
|
|
| CN |
|
Agricultural Bank of China Ltd
SSE:601288
|
2.1T CNY |
36%
|
|
| US |
|
Wells Fargo & Co
NYSE:WFC
|
248.8B USD |
23%
|
|
| CN |
|
Bank of China Ltd
SSE:601988
|
1.7T CNY |
33%
|
|
| CN |
|
China Construction Bank Corp
SSE:601939
|
1.6T CNY |
43%
|
Westpac Banking Corp
Glance View
Westpac Banking Corporation, an enduring presence in the Australian financial sector, serves as a key pillar of the country’s economic infrastructure. Founded in 1817 as the Bank of New South Wales, it holds the distinction of being Australia's first and oldest bank. Over the years, Westpac has evolved from its humble beginnings into a financial powerhouse, providing a broad range of services, including personal, business, and institutional banking, as well as wealth management and insurance products. Its operations extend beyond Australia into New Zealand and several Pacific Island nations, embodying a robust commitment to its customers across diverse markets. The bank's ability to adapt and innovate over two centuries has allowed it to remain competitive, even as the financial landscape continues to transform at an unprecedented pace. At the core of Westpac’s business model is its ability to leverage a vast network of branches, digital banking platforms, and financial professionals to amass deposits from customers. These deposits serve as a fundamental resource that Westpac utilizes to issue loans and mortgages, generating interest income, which forms a major portion of its revenue stream. Additionally, the bank earns through service fees, investment management, and facilitating cross-border transactions. By maintaining a keen focus on customer experience and technological advancements, Westpac seeks to reinforce its market position and profitability. Yet, like any major financial entity, Westpac must adeptly navigate regulatory landscapes and evolving customer expectations while striving to uphold its reputation as a stable, trustworthy custodian of financial resources.
See Also
Net Margin measures how much net income is generated as a percentage of revenues received. It helps investors assess if a company's management is generating enough profit from its sales and whether operating costs and overhead costs are being contained.
Based on Westpac Banking Corp's most recent financial statements, the company has Net Margin of 31.4%.
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