AMP's Capital-Management Opportunities Are on GS's Radar -- Market Talk

Dow Jones
02-07

0140 GMT - Investors should watch AMP's annual results announcement for any comments on the potential for further capital management outside of dividends, Goldman Sachs analysts say. They use a note to clients to flag opportunities including from monetization of non-core equity stakes and lower platform capital requirements. The GS analysts, who see flow risks around AMP's sale of its advice business and are cautious on AMP's ability to win flows, are keen for an update on December-quarter flows and margin outlook. Goldman Sachs has a neutral rating and A$1.54 target price on the stock, which is down 1.0% at A$1.7425. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

February 06, 2025 20:40 ET (01:40 GMT)

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