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An update from AMP ( (AU:AMP) ) is now available.
AMP Limited reported a strong first-quarter 2026 performance in its wealth and banking businesses, highlighted by a 45% rise in platforms net cashflows to $1.1 billion and an improvement in superannuation and investments net cash outflows to $80 million. Total assets under management across wealth fell to $155.9 billion due to market movements, while the AMP Bank loan book remained steady at $24.1 billion and deposits into the growing AMP Bank GO offering rose sharply, prompting upgraded expectations for GO deposits to exceed $1.5 billion for the full year.
Management pointed to momentum from new adviser relationships and product innovation, including the launch of the North Interactive Wealth Portal and a new small and medium business employer super solution aimed at improving member retention and acquisition. AMP is also commencing a $150 million on-market share buyback to return surplus capital, while pursuing capital relief transactions in the bank and leveraging growth opportunities in New Zealand’s retirement segment and China’s rapidly expanding pension market to bolster its long-term positioning despite short-term market and cost-of-living headwinds.
The most recent analyst rating on (AU:AMP) stock is a Buy with a A$1.55 price target. To see the full list of analyst forecasts on AMP stock, see the AU:AMP Stock Forecast page.
More about AMP
AMP Limited is a diversified financial services group operating in wealth management and banking, with a focus on platforms, superannuation and investments, and New Zealand wealth operations. The company also participates in international pension markets through its interest in China Life Pension Company, and is expanding digital capabilities to support advisers and retirement-focused clients.
Average Trading Volume: 12,369,288
Technical Sentiment Signal: Sell
Current Market Cap: A$3.52B
For an in-depth examination of AMP stock, go to TipRanks’ Overview page.