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AMP


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Morningstar says AMP's turnaround strategy bearing fruit, raises fair value estimate

BUZZ-Morningstar says AMP's turnaround strategy bearing fruit, raises fair value estimate Updates share moves, milestones ** Analysts at Morningstar raise fair value estimate on Australian money manager AMP AMP.AX to A$1.25 from A$1.20, reflecting stronger flows in company's, both, platforms and trusts businesses * * AMP shares rise as much as 3.7% to A$1.328, hitting its highest level since Feb.
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Morningstar says AMP's turnaround strategy is bearing fruit, raises fair value estimate

BUZZ-Morningstar says AMP's turnaround strategy is bearing fruit, raises fair value estimate ** Analysts at Morningstar raise fair value estimate on Australian money manager AMP AMP.AX to A$1.25 from A$1.20, reflecting stronger flows in company's, both, platforms and trusts businesses ** Brokerage says AMP's first-half results surpassed expectation
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Australia's AMP gains most in more than 2 years on HY results

BUZZ-Australia's AMP gains most in more than 2 years on HY results ** Shares of Australia's AMP AMP.AX rise as much as 8.4% to A$1.225, posting their biggest intraday pct gain since April 2022 ** Stock hits its highest level since end-September 2023 and on track for a second straight session of gain, if trend holds ** Australian wealth manager post
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AMP Declares Interim Dividend Of 2.0 AU Cents Per Share

BRIEF-AMP Declares Interim Dividend Of 2.0 AU Cents Per Share Aug 8 (Reuters) - AMP Ltd AMP.AX : INTERIM DIVIDEND OF 2.0 AU CENTS PER SHARE HY REVENUE FROM ORDINARY ACTIVITIES A$1,720 MILLION HY AMP BANK NET PROFIT ATTRIBUTABLE A$35 MILLION AMP GROUP’S SURPLUS CAPITAL AS AT 30 JUNE 2024 WAS A$676M HY AMP BANK NIM 1.14% TOTAL AUM AS AT HY END A$13
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Amp Says Co Has Positive Momentum Heading Into Second Half Of Year

BRIEF-Amp Says Co Has Positive Momentum Heading Into Second Half Of Year Aug 8 (Reuters) - AMP Ltd AMP.AX : HAVE POSITIVE MOMENTUM HEADING INTO SECOND HALF OF YEAR Source text for Eikon: ID:nASX28M6GD Further company coverage: AMP.AX
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AMP Sees FY24 NIM To Be Between 1.10% And 1.15% For AMP Bank

BRIEF-AMP Sees FY24 NIM To Be Between 1.10% And 1.15% For AMP Bank Aug 8 (Reuters) - AMP Ltd AMP.AX : SEES FY24 NIM TO BE BETWEEN 1.10% AND 1.15% FOR AMP BANK SEES FY24 AUM BASED REVENUE MARGINS TO BE BROADLY IN LINE WITH 1H 24 FOR PLATFORMS SEES FY24 SIMPLIFICATION SPEND OF A$60 - A$75 MILLION PRE-TAX FOR FY SEES FY24 CONTROLLABLE COSTS TO BE AROU
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AMP hits near 11-month high as profit rises on demand for investment platforms

UPDATE 2-AMP hits near 11-month high as profit rises on demand for investment platforms Shares up as much as 12.8% Cost control aids earnings - analysts Partnership with Entireti for Advice business Rewrites throughout, adds share moves, background and details, analyst comments By Rishav Chatterjee and Sneha Kumar Aug 8 (Reuters) - Australia's AMP AMP.AX reported a higher first-half profit on Thursday, reflecting underlying strength in its investment platforms and resilient cost savings, sending
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AMP Says Partnership To Create A Sustainable Model For Advice

BRIEF-AMP Says Partnership To Create A Sustainable Model For Advice Aug 8 (Reuters) - AMP Ltd AMP.AX : AMP PARTNERSHIP TO CREATE A SUSTAINABLE MODEL FOR ADVICE FORMS STRATEGIC PARTNERSHIP WITH ENTIRETI (FORMERLY FORTNUM PRIVATE WEALTH) AND AZ NGA AMP FORMS STRATEGIC PARTNERSHIP WITH ENTIRETI AND AZ NGA ENTIRETI TO ACQUIRE AMP'S ADVICE LICENSEES AND
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Australia's AMP posts over 5% jump in first-half profit

Australia's AMP posts over 5% jump in first-half profit Aug 8 (Reuters) - Australian wealth manager AMP AMP.AX reported a 5.4% rise in first-half profit on Thursday, as underlying strength in platforms business and resilient cost-savings helped offset the falling margins at banking operations. The more than 170-year-old wealth manager reported underlying net profit after tax of A$118 million ($76.88 million) for the six months ended June 30, compared with A$112 million a year ago.
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AMP's capital management, cost-control progress key focus for HY results - JPMorgan

BUZZ-AMP's capital management, cost-control progress key focus for HY results - JPMorgan ** Capital management and progress on cost control will be main focus when Australia's AMP AMP.AX announces HY results on Aug 8 - analysts at JPMorgan ** Shares of wealth manager AMP rise 0.9% to A$1.125, while the broader benchmark index .AXJO rises 0.3% ** JP
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Australia, New Zealand corporate earnings week ahead

DIARY-Australia, New Zealand corporate earnings week ahead Aug 2 (Reuters) - Diary of Australia and New Zealand (.AXJO, .NZ50) corporate earnings for the week ahead AUSTRALIA & NEW ZEALAND EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 06-Aug-2024 NTS VGL.NZ Vista Group International Ltd Half Year 2024 Vista Group International Ltd Earnings Release Start Date Start Time (GMT) RIC Company Name Event Name 06-Aug-2024 AMC ALTM.N Arcadium Lithium PLC Q2 2024 Arcadium Lithium PLC Ea
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AMP Annnounces Satisfaction Of Enforceable Undertaking

BRIEF-AMP Annnounces Satisfaction Of Enforceable Undertaking Aug 2 (Reuters) - AMP Ltd AMP.AX : SATISFACTION OF ENFORCEABLE UNDERTAKING-AMP.AX APRA CONFIRMED THAT AMP'S SUPERANNUATION TRUSTEE, N.M. SUPERANNUATION PROPRIETARY MET OBLIGATIONS UNDER COURT ENFORCEABLE UNDERTAKING APRA ALSO REVOKED ADDITIONAL CONDITIONS THAT WERE PLACED ON NM SUPER'S RS
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Australia's APRA Decides To Revoke The Additional Licence Conditions For N.M. Super

BRIEF-Australia's APRA Decides To Revoke The Additional Licence Conditions For N.M. Super Aug 2 (Reuters) - Australian Prudential Regulation Authority: APRA IS NOW SATISFIED THAT N.M. SUPER HAS COMPLETED RECTIFICATION WORK REMOVED ADDITIONAL LICENCE CONDITIONS IMPOSED ON N.M. SUPERANNUATION PROPRIETARY - WEBSITE HAS DECIDED TO REVOKE THE ADDITIONAL
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Citi eyes restoration of dividend policy for Australia's AMP soon

BUZZ-Citi eyes restoration of dividend policy for Australia's AMP soon ** Analysts at Citi remain optimistic on Australia's AMP AMP.AX with the expectations that a dividend policy of the financial company will be restored soon ** Brokerage forecasts reasonable profit growth over the near-term for the financial services company ** Expects positive f
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AMP Says Alexis George Appointed New Chair Of AMP Foundation

BRIEF-AMP Says Alexis George Appointed New Chair Of AMP Foundation June 27 (Reuters) - AMP Ltd AMP.AX : ALEXIS GEORGE APPOINTED NEW CHAIR OF AMP FOUNDATION Further company coverage: AMP.AX
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