AMP Could Soon Revisit Capital Management Plans -- Market Talk

Dow Jones

Sep 16

0438 GMT - AMP's settlement of a superannuation class action could allow the Australian wealth manager to restart capital management, Citi analyst Nigel Pittaway says. He sees AMP's decision to settle for A$120 million as a pragmatic decision by management given the class action was probably the legacy issue with the widest potential scope. Pittaway reminds clients in a note that AMP previously promised to revisit capital management as it started to resolve its legacy issues. He expects detail on this no later than February, when AMP is scheduled to release its annual results. Citi has a buy rating and A$2.00 target price on the stock, which is down 0.7% at A$1.7875. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

September 16, 2025 00:38 ET (04:38 GMT)

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He sees AMP's decision to settle for A$120 million as a pragmatic decision by management given the class action was probably the legacy issue with the widest potential scope. Pittaway reminds clients in a note that AMP previously promised to revisit capital management as it started to resolve its legacy issues. He expects detail on this no later than February, when AMP is scheduled to release its annual results. Citi has a buy rating and A$2.00 target price on the stock, which is down 0.7% at A$1.7875. 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He sees AMP's decision to settle for A$120 million as a pragmatic decision by management given the class action was probably the legacy issue with the widest potential scope. Pittaway reminds clients in a note that AMP previously promised to revisit capital management as it started to resolve its legacy issues. He expects detail on this no later than February, when AMP is scheduled to release its annual results. Citi has a buy rating and A$2.00 target price on the stock, which is down 0.7% at A$1.7875. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 16, 2025 00:38 ET (04:38 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMP.AU","symbol_name":"AMP LIMITED","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2567173237","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2567173237","pubTimestamp":1757997480,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0438 GMT - AMP's settlement of a superannuation class action could allow the Australian wealth manager to restart capital management, Citi analyst Nigel Pittaway says. He sees AMP's decision to settle for A$120 million as a pragmatic decision by management given the class action was probably the legacy issue with the widest potential scope. Pittaway reminds clients in a note that AMP previously promised to revisit capital management as it started to resolve its legacy issues. He expects detail on this no later than February, when AMP is scheduled to release its annual results. Citi has a buy rating and A$2.00 target price on the stock, which is down 0.7% at A$1.7875. 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He sees AMP's decision to settle for A$120 million as a pragmatic decision by management given the class action was probably the legacy issue with the widest potential scope. Pittaway reminds clients in a note that AMP previously promised to revisit capital management as it started to resolve its legacy issues. He expects detail on this no later than February, when AMP is scheduled to release its annual results. Citi has a buy rating and A$2.00 target price on the stock, which is down 0.7% at A$1.7875. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 16, 2025 00:38 ET (04:38 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}