ASX:AMP Archives - Money Morning Australia

31/07/2020

AMP Share Price Down, Preparing for the Worst (ASX:AMP)

The struggling financial giant gave warning to its investors recently of some unimpressive unaudited earnings. AMP Ltd [ASX:AMP] announced it expected its profits to range in the $140–$150 million mark — over a 50% decline from 2019...

Lachlann Tierney

28/01/2020

Why the AMP Share Price Could Stay in a Range for a Long Time (ASX: AMP)

At time of writing, the share price of AMP Ltd [ASX:AMP] is down 1.08%, trading at $1.84. This movement is taking place on a day where the ASX 200 shed over 100 points in the first 15 minutes of trading. So it’s not surprising that AMP shares were caught up in the viral fear...

Lachlann Tierney

02/12/2019

AMP Share Price is Up 25% in Two Months: Up, Down Or Sideways?

We conclude that due to the ongoing restructure of its business, there could be limited future upside to the stock until it has completed the sale of its life insurance business. Beyond that, macro headwinds point to a clouded future for the big players in financial services.

Lachlann Tierney

25/11/2019

Afterpay Share Price up Today: Investors Think BNPL Giant Has Dodged Bullet (ASX: APT)

The Afterpay Touch Group Limited [ASX:APT] share price is up 8.53% today, trading at $33.09. After a slump between mid-October and early November, the Afterpay share price notched up multiple winning sessions in the lead up to today’s announcement...

Lachlann Tierney

09/08/2019

Will AMP’s Share Price Go Back Up? Not for a While it Seems

The last 12 months likely has AMP shareholders feeling despondent with the AMP share price being locked in a slide throughout this period. Today, we’ll examine the potential for the AMP share price to go back up...

Lachlann Tierney

15/07/2019

AMP Share Price Down Big (Again): Is this the new Bottom?

With more than 7% of AMP shares [ASX:AMP] on issue being short sold — it appears many are still betting against the company. We look at the aborted Resolution Life sale and AMP’s decision to not offer an interim dividend.

Ryan Clarkson-Ledward

14/02/2019

AMP Share Price Tumbles 3.69%, Full Year Profit Slashed

Battered wealth manager AMP Limited [ASX:AMP] has continued its share price slump this morning, tumbling another 2.05%, down 9 cents to $2.35. AMP reported its results for financial year 2018 this morning, finally revealing the scars it received during the Hayne Commission.

Ryan Clarkson-Ledward

05/02/2019

Why are the Banks’ Shares Rising after the Royal Commission’s Report?

Despite the smackdown Australian banks experienced yesterday with the release of Kenneth Hayne’s 954-page report from the Banking Royal Commission, the Big Four Australian banks are trading higher today.