Media headlines about Westpac Banking (NYSE:WBK) have been trending very negative this week, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Westpac Banking earned a media sentiment score of -3.13 on their scale. InfoTrie also gave media stories about the bank an news buzz score of 0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news headlines that may have effected Westpac Banking’s score:
- CLASS ACTION UPDATE for WBK, AAN and ALGN: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders (finance.yahoo.com)
- WBK DEADLINE – Bronstein, Gewirtz & Grossman, LLC Reminds Westpac Banking Corporation Shareholders With Losses Exceeding $100K of Class Action and Lead Plaintiff Deadline: March 30, 2020 (finance.yahoo.com)
- WBK DEADLINE ALERT – Bronstein, Gewirtz & Grossman, LLC Reminds Westpac Banking Corporation Shareholders With Losses Exceeding $100K of Class Action and Lead Plaintiff Deadline: March 30, 2020 (finance.yahoo.com)
- CLASS ACTION UPDATE for WBK, BDX and CCI: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders (finance.yahoo.com)
- SHAREHOLDER ALERT: WBK WWE XP: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines (finance.yahoo.com)
A number of research analysts have recently weighed in on WBK shares. Zacks Investment Research downgraded shares of Westpac Banking from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. raised shares of Westpac Banking from a “neutral” rating to an “overweight” rating in a report on Tuesday. Morgan Stanley downgraded Westpac Banking from an “equal weight” rating to an “underweight” rating in a research note on Monday, February 3rd. Finally, Jefferies Financial Group raised Westpac Banking from an “underperform” rating to a “hold” rating in a research report on Tuesday, March 17th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $21.00.
Westpac Banking Company Profile
Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, Asia, the Pacific region, and internationally. It operates through five divisions: Consumer Bank, Business Bank, BT Financial Group, Westpac Institutional Bank, and Westpac New Zealand. It offers everyday banking, savings, term deposit, moving to Australia, under 21 and student, business one, community solutions one, not-for-profit savings, and foreign currency accounts; term and farm management deposits; debit, credit, and travel money cards; home, personal, investment, small business, and commercial loans; and equipment, automotive, cash flow, property, insurance premium, corporate and structured finance, and trade and supply chain financing services.
Further Reading: Fundamental Analysis
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