Amundi SA

AMUN: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	MfL	LOCK\|RNQJ#	LOCK\|?xl^&$

Amundi Earnings: Resilient Margins, SBI IPO Shines a Light on Hidden Value

Johann Scholtz

Jul 31, 2026

Amundi grew its net income for the first quarter by 29% year on year—15% ahead of the company‑compiled consensus. Management fee margins proved more resilient than expected despite ongoing outflows from the high-margin UniCredit book.

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Amundi SA

Amundi Earnings: Resilient Margins, SBI IPO Shines a Light on Hidden Value

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