5 Best ASX Stocks to Buy Now

4. Westpac Banking Corporation (ASX:WBC.AX)

Market Capitalization as of 3/20 in Australian Dollars: 73.837 billion

Westpac Banking Corporation (ASX:WBC.AX) ranks #4 on our list of 10 Best ASX Stocks to Buy Now given its market capitalization of A$73.837 billion as of 3/20. Westpac Banking Corporation (ASX:WBC.AX) also ranks as one of Australia’s four largest banks with over 13.9 million customers, providing various services such as consumer, business and institutional banking and wealth management services. Like many other banks, Westpac Banking Corporation (ASX:WBC.AX) faces near term headwinds in 2023 given the resulting financial system instability in the United States as a result of the Silicon Valley Bank bankruptcy. Nevertheless, Westpac Banking Corporation (ASX:WBC.AX) has attractive long term normalized earnings potential as the Australian economy continues to expand.