In addition to Macquarie, Westpac Banking also received a Sell from Morgan Stanley’s Richard Wiles in a report issued on July 8. However, on July 13, Citi maintained a Hold rating on Westpac Banking (Other OTC: WEBNF).
Based on Westpac Banking’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of A$27.98 billion and a net profit of A$3.41 billion. In comparison, last year the company earned a revenue of A$10.54 billion and had a net profit of A$3.32 billion
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WEBNF in relation to earlier this year.
