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.