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AMP Limited (AMLTF)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.93600.0000 (0.00%)
At close: 09:40AM EST
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Trade prices are not sourced from all markets
Previous Close0.9360
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.9360 - 0.9360
52 Week Range0.6300 - 0.9400
Avg. Volume1,585
Market Cap3.079B
Beta (5Y Monthly)0.67
PE Ratio (TTM)24.00
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateSept 18, 2020
1y Target EstN/A
  • Reuters

    AMP Australian wealth management unit's net outflows more than halve

    "We've seen a reduction in cash outflows to other superannuation funds and we’re winning new customers on our North platform, which has continued to grow cashflows from independent financial advisers," AMP Chief Executive Officer Alexis George said. The North platform recorded inflows of A$774 million in the quarter, while outflows at the Master Trust fell to A$819 million from A$1.59 billion.

  • Reuters

    AMP handed $9.7 million penalty for charging pensioners 'fees for no service'

    The Australian Securities and Investment Commission (ASIC) had alleged in 2018 that companies related to the wealth manager charged fees from customers despite being notified that they were no longer able to access the advice. Between July 2015 and September 2018, AMP entities deducted A$356,188 in fees even though they were aware that the members had ceased their employment and could no longer receive advice services, the court found. "Although AMP has remediated A$691,032 to affected customers, the court found AMP failed to investigate whether or not there was a systemic issue, despite many complaints over a lengthy period of time," ASIC said.

  • Reuters

    Australia's AMP profit drops as margin pressure squeezes banking unit

    (Reuters) -Australian wealth manager AMP Ltd said on Thursday its half-year underlying profit slumped by nearly a quarter, as margin pressure weighed on the banking division, sending its shares down nearly 3%. Net interest margin at AMP Bank fell to 1.32% in the first half of the fiscal year, from 1.71% a year earlier, dragged down by growth in fixed-rate loans - which are less profitable. Still, the company said the banking division's net interest margin improved in the second quarter, and will show a good performance during the second half of the year, benefiting from a higher interest rate environment.