Financial Statement Analysis

Westpac (WBC)

Westpac banking corporation is one of the largest banking organizations in Australia, and the largest bank in New Zealand. Westpac provides arrays of banking and financial services in Austria, which include institutional banking, retail banking, and wealth management services. Established in 1817, Westpac is the first bank established in Australia. Since its formation, Westpac has increased in its strength, and at present Westpac has the market capitalisations that reach $69.5 billions and total assets worth 618.3 billions. (Westpac Annual Report, 2010).

The objective of this paper is to analyze whether Westpac could be a potential company to invest my $50,000.

With the present economic crisis where many companies have suffered financial losses, it is critical to subject a company to financial analysis since I have decided to invest my $50,000 on the medium-term investment; there is a need to make thorough analysis on the company...
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