Drivers of Amp's 1H Beat Should be Recurring

Dow Jones

Jul 20

0034 GMT - AMP's 1H profit beat was largely driven by growth that Macquarie analysts think should be recurring. The Australian financial group expects a 1H underlying profit of between A$170 million and A$180 million, which is at least A$27 million ahead of where Macquarie's analysts thought it would be. The profit contribution from AMP's China partnerships accounts for A$25 million of the beat relative to the investment bank's forecasts. The analysts tell clients in a note that this growth appears to be recurring, but say they are waiting for more detail about what led to the outcome. Macquarie raises its target price on the stock 6.6% to 1.94 Australian dollars and maintains a neutral rating. Shares are up 1.2% at A$2.045. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

July 19, 2026 20:34 ET (00:34 GMT)

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The Australian financial group expects a 1H underlying profit of between A$170 million and A$180 million, which is at least A$27 million ahead of where Macquarie's analysts thought it would be. The profit contribution from AMP's China partnerships accounts for A$25 million of the beat relative to the investment bank's forecasts. The analysts tell clients in a note that this growth appears to be recurring, but say they are waiting for more detail about what led to the outcome. Macquarie raises its target price on the stock 6.6% to 1.94 Australian dollars and maintains a neutral rating. Shares are up 1.2% at A$2.045. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 19, 2026 20:34 ET (00:34 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Drivers of Amp's 1H Beat Should be Recurring</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDrivers of Amp's 1H Beat Should be Recurring\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-20 08:34</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0034 GMT - AMP's 1H profit beat was largely driven by growth that <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> analysts think should be recurring. The Australian financial group expects a 1H underlying profit of between A$170 million and A$180 million, which is at least A$27 million ahead of where Macquarie's analysts thought it would be. The profit contribution from AMP's China partnerships accounts for A$25 million of the beat relative to the investment bank's forecasts. The analysts tell clients in a note that this growth appears to be recurring, but say they are waiting for more detail about what led to the outcome. Macquarie raises its target price on the stock 6.6% to 1.94 Australian dollars and maintains a neutral rating. Shares are up 1.2% at A$2.045. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 19, 2026 20:34 ET (00:34 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMP.AU","symbol_name":"AMP LIMITED","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2652626397","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2652626397","pubTimestamp":1784507640,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0034 GMT - AMP's 1H profit beat was largely driven by growth that Macquarie analysts think should be recurring. The Australian financial group expects a 1H underlying profit of between A$170 million and A$180 million, which is at least A$27 million ahead of where Macquarie's analysts thought it would be. The profit contribution from AMP's China partnerships accounts for A$25 million of the beat relative to the investment bank's forecasts. The analysts tell clients in a note that this growth appears to be recurring, but say they are waiting for more detail about what led to the outcome. Macquarie raises its target price on the stock 6.6% to 1.94 Australian dollars and maintains a neutral rating. Shares are up 1.2% at A$2.045.  Dow Jones NewswiresJuly 19, 2026 20:34 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMP.AU":"AMP LIMITED","BK7112":"其它综合性金融服务"},"translate_title":"放大器1H节拍的驱动器应该是重复出现的","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMP.AU":0.9},"content_text":"0034 GMT - AMP's 1H profit beat was largely driven by growth that Macquarie analysts think should be recurring. The Australian financial group expects a 1H underlying profit of between A$170 million and A$180 million, which is at least A$27 million ahead of where Macquarie's analysts thought it would be. The profit contribution from AMP's China partnerships accounts for A$25 million of the beat relative to the investment bank's forecasts. The analysts tell clients in a note that this growth appears to be recurring, but say they are waiting for more detail about what led to the outcome. Macquarie raises its target price on the stock 6.6% to 1.94 Australian dollars and maintains a neutral rating. Shares are up 1.2% at A$2.045. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 19, 2026 20:34 ET (00:34 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}