Westpac stock faces a bearish analyst call before FY26 results

Published on 10/06/2026 at 13:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Westpac stock faces an AUD 31 Jarden target against AUD 34.66 on October 6, 2026. FY26 results are scheduled for November 2 after quarterly profit rose 3 percent.

Westpac, AU000000WBC1, Illustration mit AI erstellt.

Westpac stock (ISIN AU000000WBC1) was last at AUD 34.66 on the ASX on October 6, 2026 at 4:12 p.m. AEDT, up AUD 0.22 or 0.64 percent on the session. The next major test is the bank's FY26 results, scheduled for November 2, 2026, according to Westpac.

FY26 results set for November

The November report will cover the financial year ended September 30, 2026. Westpac's most recent operating update covered the three weeks to June 2026 and showed quarterly statutory net profit of AUD 1.8 billion, a 3 percent increase from the average quarterly profit in the first half, as reported by Motley Fool.

Underlying net profit was also AUD 1.8 billion, up 2 percent against the first-half quarterly average. Lending increased 2 percent, with business lending up 4 percent, institutional lending up 3 percent and housing lending up 2 percent in the June 2026 update.

Analysts see limited upside

The main counterweight is valuation. A September 29 analyst roundup cited nine sell or strong sell ratings among 16 brokers, with an average target of AUD 33.42, below the October 6 price of AUD 34.66, according to Motley Fool. The spread matters because the bank's share price is also AUD 8.66 below its 52-week high of AUD 43.32, a 20.0 percent gap.

Jarden's October 6 view was more direct: the broker rated Westpac Sell and placed a target of AUD 31 against AUD 34.26 in the report, as Motley Fool reported. That target is AUD 3.66 below the October 6 market price, keeping the November earnings release central to the valuation debate.

Westpac stock stays below its yearly high

The ASX quote shows a session range of AUD 34.26 to AUD 34.76 and volume of 3,959,726 shares on October 6, 2026. Westpac's market capitalization was AUD 118.4 billion on the same date, while the 52-week range stood at AUD 33.46 to AUD 43.32.

Westpac's 2026 interim ordinary dividend was 77 cents per share, fully franked, with payment scheduled for June 26, 2026, according to Westpac. The dividend supports the income case, but the upcoming full-year result will determine whether profit growth and lending trends can offset the cautious broker view.

Westpac stock awaits its next report

Westpac stock was last at AUD 34.66 on the ASX on October 6, 2026 at 4:12 p.m. AEDT, with a daily gain of 0.64 percent. The November 2 results date is the next concrete checkpoint for earnings, margins and capital returns.