2357 GMT - Hub24's stronger-than-expected net flows are seen as a material positive by E&P analysts, especially when compared with a recent miss by rival wealth-management platform Netwealth. Olivier Coulon and Shankari Thayakaran tell clients in a note that Hub24's net flows of A$5.32 billion were ahead of their A$5.1 billion forecast, and modestly beat consensus on an underlying basis. A key driver was the A$1.2 billion from the migration of EQT funds onto the platform, with the size seen by both analysts as a function of market performance and a small expansion of the underlying migration. E&P has a last-published neutral rating and A$75.60 target price on the stock, which is at A$94.50 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
July 14, 2025 19:57 ET (23:57 GMT)
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