Westpac is the cheapest of the Big Four on book multiples but for good reason β technology transformation has been chronically over-budget and behind schedule, business banking franchise smaller than peers. Solid dividend yield around 5.5% but limited upside catalysts. New CEO Anthony Miller will need time to prove the strategy.
Thesis reviewed May 29, 2026
Westpac Banking Corporation is headquartered in Australia, which is currently showing moderate signals.
π¦πΊAustralia56NEUTRALView Australia risk detail βπ¦Financials100NEUTRAL| Ticker | Company | Score | Gap | Signal Ξ | Action |
|---|---|---|---|---|---|
| GGAL | Grupo Financiero Galicia S.A. | 90 | +13% | β57% | ENTRY |
| MELI | MercadoLibre | 90 | -14% | β57% | AVOID |
| BBAR | BBVA Banco BBVA Argentina SA | 90 | +21% | β57% | ENTRY |
| BBD | Banco Bradesco S.A. (preferred ADR) | 90 | +5% | β57% | NEUTRAL |
| VIV | Telefonica Brasil (Vivo) | 90 | +8% | β57% | ENTRY |
| UBS | UBS Group AG | 90 | +17% | β57% | ENTRY |
| CIB | Bancolombia S.A. | 90 | +9% | β57% | NEUTRAL |
Investors who hold WEBJY may also have indirect exposure through these country funds.
Westpac UNITE technology program timeline extended another 18 months
H1 cash earnings flat; cost growth running ahead of revenue
CEO Miller signals capital return focus over growth initiatives