Westpac flags AUD 41.00 million RAMS cost, and Westpac stock stands above AUD 33.47 target

Published on 10/20/2026 at 09:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Westpac booked an AUD 41.00 million RAMS item on October 19, 2026. Westpac stock costs EUR 21.83 on October 20, 2026.

Costs and earnings dates

Westpac recognized an AUD 41.00 million pre-tax RAMS litigation item in the second half of fiscal 2026 on October 19, 2026.
First-half fiscal 2026 revenue reached AUD 10.90 billion and net income AUD 3.41 billion, both up 2.90 percent year over year.
Westpac stock was trading at EUR 21.83 at 9:00 a.m. CEST at Lang & Schwarz on October 20, 2026.
The consensus target was AUD 33.47 on October 15, 2026, while the October 19 ASX close was AUD 35.20.

Westpac, AU000000WBC1, Illustration mit AI erstellt.

Westpac Banking Corporation (ISIN AU000000WBC1) booked an AUD 41.00 million pre-tax item linked to RAMS litigation matters in the second half of fiscal 2026, according to Listcorp on October 19, 2026. The disclosure also revised credit-quality classifications ahead of the bank's full-year results.

RAMS cost enters the results picture

The AUD 41.00 million charge is the clearest quantified item in the latest update. Westpac said the expense covered RAMS litigation matters and associated legal costs, while the credit-quality changes had an immaterial effect on credit quality, provisioning and capital, according to Listcorp.

The bank's first-half fiscal 2026 figures provide a larger reference point. Revenue reached AUD 10.90 billion, up 2.90 percent from the first half of fiscal 2025, while net income rose 2.90 percent to AUD 3.41 billion and earnings per share increased to AUD 1.00 from AUD 0.97, according to Simply Wall St on May 6, 2026.

What dates shape the next release?

Westpac's recent chronology runs from the AUD 10.90 billion first-half revenue report on May 6, 2026, through the AUD 15.40 billion RAMS home-loan portfolio sale described on August 5, 2026, to the AUD 41.00 million litigation item disclosed on October 19, 2026, with the figures reported by Simply Wall St and Listcorp. The next reported date is November 2, 2026, for full-year fiscal 2026 results, followed by the annual general meeting on December 16, 2026, according to Westpac.

For valuation context, Simply Wall St listed a consensus target of AUD 33.47 on October 15, 2026. The ASX close was AUD 35.20 on October 19, 2026, leaving the quoted market level AUD 1.73 above that target.

Euro quote and valuation context

Westpac stock was trading at EUR 21.83 at Lang & Schwarz on October 20, 2026, at 9:00 a.m. CEST. On the ASX, the stock had closed at AUD 35.20 on October 19, 2026, while the market capitalization was AUD 120.0 billion on October 20, 2026.

The further course of trading is shown by the continuously updated real-time quote of Westpac stock.