Westpac stock falls 1.21 percent as margins face pressure

Published on 10/07/2026 at 10:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Westpac stock traded at AUD 34.24 on October 7, 2026, while its market value stood at AUD 116.9 billion. Q3 net profit rose 2 percent.

Westpac, AU000000WBC1, Illustration mit AI erstellt.

Westpac stock (ISIN AU000000WBC1) was last at AUD 34.24 on the ASX on October 7, 2026, down 1.21 percent from the previous close. The bank's third-quarter figures showed net profit up 2 percent and revenue up 1 percent, while margin pressure remains central to the investment case.

Q3 profit rises 2 percent

Westpac reported Q3 FY2026 net profit growth of 2 percent, with revenue increasing 1 percent and net interest margin holding at 189 basis points, according to Investing.com. Loans and deposits each grew 2 percent in the same period, while the bank's common equity tier 1 ratio stood at 12.1 percent.

The operating mix matters because the Q3 revenue increase was smaller than the profit increase. Investing.com also reported that Westpac expects mortgage and deposit competition to pressure margins, with the chief financial officer saying it is difficult to see the margin trend moving higher.

Analysts set a lower bar

The analyst consensus published by Investing.com is Sell across 14 analysts. The average 12-month target is AUD 33.466, with a high of AUD 45.00 and a low of AUD 30.00.

Against the October 7 price of AUD 34.24, the consensus target is 2.26 percent lower. That comparison puts valuation and margin delivery ahead of headline profit growth, particularly as the bank operates in a competitive mortgage and deposit market.

Stock falls on October 7

Westpac stock traded between AUD 34.18 and AUD 34.63 during the October 7 ASX session, with volume of 2,980,319 shares. Its 52-week range was AUD 33.46 to AUD 43.32, leaving the latest price AUD 0.78 above the yearly low and AUD 9.08 below the yearly high.

The market capitalization was AUD 116.9 billion as of October 7, 2026. Westpac's next scheduled company event is its FY2026 result on November 2, 2026, followed by the annual general meeting on December 16, 2026, according to the Westpac investor center.

Westpac stock valuation checkpoint

Westpac stock was last at AUD 34.24 on the ASX on October 7, 2026. The AUD 33.466 consensus target and the 189-basis-point Q3 net interest margin define the next valuation checkpoint.