AMP Ltd
AMP: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|W$ | LOCK|<b | LOCK|%$ |
AMP Earnings: Good Growth but Structural Issues Persist
AMP's underlying NPAT for 2024 grew 15% from the prior year to AUD 236 million, with profit growth across most segments except AMP Bank. Guidance for 2025 calls for broadly flat net interest margins, or NIM, platform revenue margin compression, and further operating cost reductions.
