AMP Limited ( (AU:AMP) ) just unveiled an update.
AMP Limited reported strong growth in its Q1 2025 cashflows, with notable increases in platform net cashflows and a reduction in superannuation and investment outflows. Despite market volatility impacting assets under management, AMP continues to enhance its offerings with new digital solutions and innovative products like the MyNorth Lifetime platform. The company also launched a new digital bank to diversify its funding mix, which has received positive customer feedback. These strategic initiatives aim to strengthen AMP’s market position and drive future growth.
More about AMP Limited
AMP Limited operates in the financial services industry, providing wealth management, superannuation, and banking solutions primarily in Australia and New Zealand. The company focuses on platforms for financial advisers, superannuation products, and innovative banking solutions to help individuals plan for retirement and manage their finances.
YTD Price Performance: 12.24%
Technical Sentiment Signal: Sell
Current Market Cap: $1.77B
See more insights into AMP stock on TipRanks’ Stock Analysis page.