J.P. Morgan keeps AUD 33.30 target for Westpac stock

Published on 10/27/2026 at 15:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Westpac reports fiscal 2026 results on November 2, 2026. Westpac stock costs EUR 22.70 at Lang & Schwarz on October 27, 2026 at 3:11 p.m. CEST.

Target and reporting date

J.P. Morgan maintained its Sell rating and set an AUD 33.30 target on October 26, 2026.
Westpac will announce fiscal 2026 results on November 2, 2026.
Westpac stock costs EUR 22.70 at Lang & Schwarz on October 27, 2026 at 3:11 p.m. CEST.
First-half 2026 revenue reached AUD 10.90 billion, up 2.90 percent year over year.

Westpac, AU000000WBC1, Illustration mit AI erstellt.

J.P. Morgan maintained its Sell rating on Westpac and set a price target of AUD 33.30 on October 26, 2026, according to Markets Insider. The target sits below the latest ASX price of AUD 36.18, a gap of 8.65 percent. Westpac was trading at EUR 22.70 at Lang & Schwarz on October 27, 2026 at 3:11 p.m. CEST.

Results arrive November 2

Westpac's next major corporate date is its fiscal 2026 results announcement on November 2, 2026. The date appears on the bank's Westpac investor calendar. The 2026 annual general meeting is scheduled for December 16, 2026.

Revenue rose 2.90 percent

For the first half of 2026, revenue reached AUD 10.90 billion, up 2.90 percent from the first half of 2025. Net income was AUD 3.41 billion, also 2.90 percent higher, while earnings per share increased to AUD 1.00 from AUD 0.97, according to Simply Wall St. The comparison gives the upcoming annual release a clear earnings reference.

How does the valuation compare?

Westpac's latest price-to-earnings ratio was 17.82, alongside a market capitalization of AUD 123.6 billion. National Australia Bank traded at AUD 40.29 with a price-to-earnings ratio of 20.98 and a market capitalization of AUD 125.4 billion. ANZ Group traded at AUD 39.86 with a price-to-earnings ratio of 20.34 and a market capitalization of AUD 120.1 billion. The peer figures place Westpac below both comparison banks on the valuation measure.

Dividend remains part of the picture

Westpac's investor materials list a 2026 interim ordinary dividend of AUD 0.77 per share, fully franked and paid on June 26, 2026. The bank's fiscal 2026 results will show whether the earnings base supporting distributions changed during the second half.

Westpac stock stays below its yearly high

The ASX quote stood at AUD 36.18 on October 27, 2026, within a 52-week range of AUD 33.46 to AUD 43.32. Trading volume was 5,952,312 shares, while the dividend yield was 0.04 percent. The euro quotation gives German investors a separate market reference from the Australian listing.

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