Stock Track | AMP Limited Soars 5.38% Intraday on Improved Deposit Outlook, Strong Cashflow Growth and Share Buyback

Stock Track

04/16

AMP Limited's stock surged 5.38% during intraday trading on Thursday, marking a significant upward movement for the financial services company.

The sharp rise appears to be driven by several positive developments announced by the company. AMP has lifted its FY 2026 outlook for AMP Bank GO deposits, now expecting them to exceed AUD 1.5 billion, with these deposits reaching AUD 942 million in the first quarter of 2026. Additionally, the company reported that platforms net cashflows increased by 45% to AUD 1.1 billion in the first quarter of 2026, while also commencing an on-market share buyback program of AUD 150 million.

These announcements, which include the improved deposit guidance and strong cashflow performance, along with the share repurchase initiative, have likely contributed to positive investor sentiment toward AMP Limited during the trading session.

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