17/08/2026 09:36

Chart of the Week: Westpac Banking Corp (WBC) $35.37

Westpacs 3Q26 trading update was poorly received by a market that focused on a clear slowdown in mortgage applications and the prospect of softer housing credit growth into FY27 covered here. We’ve seen nothing in the recent bank results to make us consider increasing our underweight stance towards the influential sector although we are conscious most pundits are backing the same horse on this call. The banks ~4.5% fully franked yield should be supportive into weakness, but its elevated valuation is similarly likely to cap any short term attempts to test/break above $40.

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11/08/2026 09:36

Westpac Banking Corp (ASX: WBC) $35.70

We covered WBC’s poorly received trading update here yesterday, the almost 6% fall took a whopping 25-points off the ASX200 all on its own. On balance we thought the result was “ok”, but as we flagged last week, the banks are likely to be cautious around the struggling Australian property market.

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10/08/2026 16:57

Westpac (ASX: WBC) $35.70

WBC -5.88%: 3Q26 trading update was broadly in line, but the market focused on a clear slowdown in mortgage applications and the prospect of softer housing credit growth into FY27.  

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05/08/2026 09:33

Westpac Banking Corp (WBC) $38.82

The banks had a great session yesterday, which may have surprised some given the negativity around housing, consumer pressure and the risk of rising bad debts. One factor receiving little attention is the excess capital sitting on bank balance sheets, with Westpac a prime example.

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05/05/2026 17:04

Westpac (ASX:WBC) $37.61

WBC -2.26%: fell after delivering a missed 1H26 result after net income missed consensus and the dividend came in slightly below expectations. Operationally, there were positives — revenue grew, costs were broadly contained, headcount fell, and capital remains strong — but the market is now looking harder at the sustainability of bank earnings as rates rise, energy costs bite, and credit risk starts to move higher.

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14/04/2026 17:19

Westpac Banking Corp (WBC) $41.48

WBC -2.61%: Fell today after the bank flagged two emerging pressure points ahead of its upcoming result – potential rising bad debts due to the fuel price squeeze caused by the Middle East Conflict, and weaker markets division revenues.

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14/04/2026 14:07

Westpac Banking Group (ASX:WBC) $40.80

Westpac has fallen, more than 4%, the most since March 30th, after saying interest rate volatility has adversely impacted treasury and net interest margins (NIM).

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13/02/2026 17:39

Westpac (WBC) $40.52

WBC -1.17%: 1Q trading update released this morning landed broadly in line with expectations, with earnings ~5% ahead of run-rate forecasts, supported by treasury income and benign credit outcomes. While net interest margin trends lagged peers, stronger asset growth and a robust capital position helped balance the result.

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12/02/2026 09:46

Westpac Banking Corp (WBC) $40.27

Westpac doesn’t report and pay its next dividend until May but it is due to give the market a quarterly update tomorrow. Yesterday the stock advanced +2.5%, not too far behind CBA and within striking distance of its all-time high. It’s the 2nd best performing ASX bank over the last year helped by its forecast 4% fully franked yield, although this is obviously shrinking as the share price rises.

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19/01/2026 09:48

Chart (s) of the Week – Westpac Banking Corp (WBC) & ANZ Group (ANZ)

Two charts this week illustrating that the “Big Four banks” are on track for new highs in the coming months - perhaps not CBA. Similar to gold we had the below chart for WBC in play throughout 2025 targeting new highs, a bullish read through for the ASX. Again we see no reason to deviate from this roadmap, especially as most US banks continue to shine.

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