AMP's March Quarter Further Lifts Confidence -- Market Talk

Dow Jones
Apr 17

0423 GMT - AMP's March-quarter update further lifts Jarden's confidence in the Australian wealth manager's strategy. Jarden's analysts tell clients in a note that AMP's management has delivered much of what they wanted, with a strategic review of its bank the only item still unchecked. They think that a sale either of the bank's loan book or of the whole unit would be preferable to its current digital-focused growth strategy, which they don't see generating returns before 2030. Elsewhere in the business, they are happy to see solid platform net flows and reaffirmed annual guidance. Jarden lifts its target price 6.5% to A$1.65 and keeps an overweight recommendation on the stock, which is down 1.4% at A$1.425. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

April 17, 2026 00:23 ET (04:23 GMT)

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

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

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