AMP Bull Encouraged by Profit Upgrade

Dow Jones
07/17

Jefferies raises its price target on AMP by 18% to A$2.07/share following the Australian wealth manager's earnings upgrade. AMP has guided to a 1H underlying net profit of A$170 million-A$180 million. That's well above consensus forecasts of A$142 million. "While encouraging, 1H26 will include carried interest from legacy investments of A$13 million, gains on North Capital Guaranteed hedging of A$5 million and a negative revaluation related to sponsor capital of A$12 million," analyst Simon Fitzgerald says. Such items may be volatile or lumpy. Still, the balance of the business looks to be performing better than consensus expectations, Jefferies says. AMP ended Thursday at A$1.90. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

July 16, 2026 19:27 ET (23:27 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10