Good 1H23 results, debt repayment surge in July, ongoing capital management. AMP Bank is meaningful to group, only focused on house mortgages, unlike peers. Upgrades after 1H23 can be significant.
Boomeranged on Thu, 16 Nov 2023 08:46
AMP is now launching an online bank, and this is a real concern. A the same time, its margin pressure at its AMP Bank is not strong, new guidance is weak.
SUMMARY
(Sign Up to Access)
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
Unlock research summaries
Follow top, independent analysts
Receive personalised alerts
Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.