Owning Westpac Banking Corp (ASX: WBC) shares has been a typical ASX blue-chip share pick for investors seeking passive income.

The ASX bank share typically trades on a relatively low price/earnings (P/E) ratio valuation and has a fairly generous dividend payout ratio.

Westpac has a lot of competition in the banking space. There are numerous ASX-listed competitors, and plenty more not listed on the ASX. Some of the largest ASX-listed banking competitors are Commonwealth Bank of Australia (ASX: CBA), National Australia Bank Ltd (ASX: NAB), ANZ Group Holdings Ltd (ASX: ANZ), Macquarie Group Ltd (ASX: MQG), Bank of Queensland Ltd (ASX: BOQ), MyState Ltd (ASX: MYS), Bendigo and Adelaide Bank Ltd (ASX: BEN) and Pepper Money Ltd (ASX: PPM).

Even though there is all of that competition, the bank still makes billions of net profit each year, which helps fund the company’s solid dividend.

For an investor who wants $10,000 of annual passive income, let’s take a look at what level of passive income Westpac is projected to pay in FY26.

ASX bank share dividend forecast

Westpac’s financial year ends in September, so we have just passed the three-quarters mark of the 2026 financial year. It will be a few months until the annual report is revealed and show what the profit figures are.

Until we know for sure what the numbers are, we can refer to what analysts have forecast the ASX bank share may be able to deliver.

According to the projection on Commsec, the ASX bank share could pay an annual dividend per Westpac share of $1.54 in FY26.

At the time of writing, that translates into a dividend yield of 4.3%, excluding franking credits.

That means, to generate $10,000 of annual passive income from Westpac in FY26, an investor would need 6,494 Westpac shares to receive that much in dividends.

Excitingly for shareholders, the bank is projected to see a 0.6% rise in its dividend per share to $1.55 in FY27.

If we focus on the forecast amount, an investor would only need 6,452 Westpac shares for $10,000 of annual passive income, excluding franking credits.

Is this a good time to invest in Westpac shares?

There are a lot of competitors that want to take market share from Westpac. It’s normal to see margins under pressure when there are challengers wanting to grow, such as Macquarie. It’s possible that Westpac’s margins could decrease in the coming years, as well as its market share, given how rapidly Macquarie is growing.

According to Commsec’s collation of analyst opinions on the business, there are currently no buy ratings, seven hold ratings and nine sell ratings.

It seems analysts are pessimistic about the ASX bank share’s future prospects right now, but I think there are opportunities out there today that could grow earnings over the the long-term.

The post How many Westpac shares do I need to buy for $10,000 of passive income? appeared first on The Motley Fool Australia.

More reading

• 7 ASX 200 shares given buy ratings this week
• Your tax rate just dropped. Here is exactly how much more you will take home from 1 July
• Here are the top 10 ASX 200 shares today
• 2 ASX dividend shares with yields over 4% right now
• Here’s what brokers tip for NAB shares over the next 12 months

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group. The Motley Fool Australia has positions in and has recommended Bendigo And Adelaide Bank. The Motley Fool Australia has recommended Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

History is on the side of ASX shares right now.

July ranks as the second-best month for ASX shares, rising approximately 72% of the time since 1980. Both July and August historically form the strongest two-month period of the entire calendar year.

The first week of FY27 has already reflected that pattern.

ASX shares are marginally up as gold stocks surged and new financial year institutional flows rotated into beaten-down FY26 laggards. Healthcare, discretionary, and materials all led the charge.

The question for investors is whether that momentum can continue, and which specific stocks are best positioned to carry it.

Why July tends to deliver for ASX shares

The July seasonality effect has a few drivers.

Tax-loss selling in May and June pushes weaker stocks lower ahead of the financial year-end, as investors crystallise capital losses to offset gains made elsewhere.

Once the new financial year begins, that selling pressure on ASX shares evaporates and often reverses, as institutional investors rebalance their portfolios and rotate into undervalued names.

AMP chief economist Dr Shane Oliver has confirmed that the typical pattern is for ASX shares to strengthen from October through to July, followed by weakness through September.

That seasonal pattern has been borne out in the first week of FY27. Healthcare and materials are already rebounding sharply from their FY26 lows.

BHP: the materials recovery story

BHP Group Ltd (ASX: BHP) was one of the ASX’s great FY26 performers, skyrocketing 62% to close FY26 at $59.40 and hitting a record high of $65.98 in June.

Morgan Stanley renewed its buy rating on BHP this week with a 12-month price target of $67.50, implying more than 10% upside from current levels into FY27.

The copper supercycle thesis that drove BHP’s FY26 outperformance has not changed heading into FY27.

AI data centre construction, electric vehicle adoption, and grid infrastructure investment continue to drive copper demand at a pace that supply cannot easily match.

CSL: the FY26 dog becoming FY27’s darling

CSL Ltd (ASX: CSL) was one of FY26’s most painful stories, falling 52% to finish the year at $114.74.

However, the first weeks of July have been more positive.

CSL has rallied more than 30% off its 3 June low. The stock has recovered the entirety of its May selloff in this reversal.

The buying looks increasingly like institutional reallocation at the start of FY27, with investors rotating into so-called FY26 “dog” names in the expectation they become FY27’s darlings.

CSL’s FY26 full-year result, due 19 August 2026, will be the real test of whether the recovery has genuine earnings support or is purely sentiment-driven.

Morgans retains a buy rating with a price target of $147.59, implying significant further upside even after the recent bounce.

Goodman Group: the AI infrastructure compounder

Goodman Group (ASX: GMG) offers a different angle on the July thesis.

While BHP captures the materials recovery and CSL captures the healthcare rotation, Goodman captures the structural, multi-year AI infrastructure buildout.

Data centres now make up 73% of Goodman’s development pipeline. This development pipeline is on track to reach $18 billion by June 2026, with a 6.4 gigawatt global power bank that competitors cannot easily replicate.

Both Morgans and UBS carry price targets around $36, implying meaningful upside from current levels.

The risk: seasonality is a guide, not a guarantee

AMP’s Dr Shane Oliver has cautioned that seasonal patterns can be overwhelmed by contrary fundamental forces when they are strong enough.

The RBA’s signalling of further rate hikes remains a potential headwind for rate-sensitive names including Goodman.

CSL’s recovery depends on the August result delivering earnings support, not just sentiment reversal.

And BHP’s copper thesis could be tested if Chinese industrial demand data disappoints through the month.

Foolish takeaway for ASX shares

July is historically the ASX’s second-best month, rising 72% of the time since 1980.

The first week of FY27 has already reflected that seasonal pattern, with healthcare, materials, and discretionary all surging.

BHP, CSL, and Goodman each offer a different and complementary way to participate in what the seasonal data, the early FY27 evidence, suggests could be a strong month for Australian shares.

The post July is historically one of the best months for ASX shares. Can July FY27 deliver? appeared first on The Motley Fool Australia.

More reading

• 7 ASX 200 shares given buy ratings this week
• 2 ASX shares highly recommended to buy: Experts
• How much do I need in my superannuation to get $6,000 per month in passive income?
• How to tell if an ASX share is cheap or a value trap
• How should I invest my money in FY27?

Motley Fool contributor Mark Verhoeven has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL and Goodman Group. The Motley Fool Australia has recommended BHP Group, CSL, and Goodman Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

For investors looking for ASX 200 stocks with solid upside, Develop Global Ltd (ASX: DVP) and Netwealth Group Ltd (ASX: NWL) are two options to consider.

While these ASX shares have performed very differently in 2026, Bell Potter sees similar upside moving forward. 

Here’s what the broker is tipping over the next 12 months. 

Develop Global Ltd (ASX: DVP)

Develop Global is an Australia-based resources company that operates a unique hybrid business model centred on decarbonisation and energy transition.

In 2026, its share price has risen over 32% on the back of strong sector wide tailwinds. 

A new report from Bell Potter suggests this rise can continue in the next year. 

Bell Potter raised its outlook for Develop Global because copper and zinc prices are stronger than expected, although silver prices are a little weaker.

It expects the Woodlawn project to have its first full quarter operating at commercial production levels, with a chance of producing even more than planned as the mine continues to improve. 

Higher-grade ore is also expected to be mined over the next year, which should increase copper production.

The broker also expects DVP to benefit from unusually low treatment and refining charges, meaning the company keeps more of the value from the copper it produces. Overall, these factors should support stronger earnings.

The broker has reiterated its buy recommendation and increased its price target to $7.20. 

From yesterday’s closing price, this indicates 20% upside for Develop Global shares. 

FY27 marks a transformational year for DVP as ramping Woodlaw and Pioneer Dome production, and copper, zinc, and spodumene DSO price leverage demonstrate an inflection in FCF and rapid earnings growth.

Netwealth Group Ltd (ASX: NWL)

Netwealth shares have also attracted a buy recommendation from Bell Potter this week. 

Its share price jumped 6% yesterday on a key announcement, and the broker expects this rise can continue after a tough start to 2026. 

In yesterday’s report, Bell Potter said the company has announced an agreement with Morgan Stanley Wealth, seen as a multiyear outcome, and flagged further (smaller) wins to come from the segment. 

We expect this will unravel over the next year or so, comments suggesting there are maybe two more wins on the cards. NWL has an existing relationship with the firm, and this this extends the integration. The deal will add flexible execution and build in sponsored ASX listed and domestic investments.

Bell Potter has retained its $30 price target on Netwealth shares, which indicates a 23% upside from current levels. 

The post Broker tips 20% and 23% upside for these 2 ASX stocks appeared first on The Motley Fool Australia.

More reading

• Amplitude Energy shares could be set to soar 90%: Expert
• New parents are now earning superannuation on parental leave. Here’s how to make the most of it
• What is Bell Potter saying about A2 Milk shares after its results?
• 5 things to watch on the ASX 200 on Wednesday
• Here are the top 10 ASX 200 shares today

Motley Fool contributor Aaron Bell has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Netwealth Group. The Motley Fool Australia has positions in and has recommended Netwealth Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.