• AMP Limited announced the retirement of Andrea Slattery from its Board, appointment of Linda Elkins as independent non-executive director, release of half-year earnings with revenue at A$1.38 billion and net income of A$98 million, and a declared interim dividend of A$0.02 per share, payable September 26, 2025.
• Linda Elkins’ appointment brings extensive wealth management and superannuation expertise to the Board at a time of ongoing industry and company transformation.
• We’ll consider how the leadership transition and reaffirmed dividend shape AMP’s outlook for future earnings and governance.

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AMP Investment Narrative Recap

To be a shareholder in AMP today, you need to believe the company’s transformation in wealth management and digital banking can unlock long-term earnings growth, despite shrinking revenues and industry margin pressures. The recent board change, with Linda Elkins replacing Andrea Slattery, marks a shift in governance expertise, but does not materially alter the most important short-term catalyst: the operational success of AMP Bank GO and new digital initiatives. The central near-term risk remains margin compression from intensifying competition and regulatory fee caps.

Among AMP’s latest announcements, the reaffirmed interim dividend of A$0.02 per share stands out for its consistency, offering some stability to shareholders amid leadership and operational changes. This dividend payout, while modest, ties to the key catalyst of balancing reinvestment with shareholder returns as AMP pursues cost control and digital expansion.

However, in contrast to these steady signals for shareholders, the persistent risk of earnings pressure from fee caps and managed account competition is something investors should be aware of…

Read the full narrative on AMP (it's free!)

AMP's outlook anticipates A$1.4 billion in revenue and A$322.0 million in earnings by 2028. This implies a 21.5% annual revenue decline, but earnings are expected to increase by A$142.0 million from the current A$180.0 million.

Uncover how AMP's forecasts yield a A$1.76 fair value, in line with its current price.

Exploring Other Perspectives

Members of the Simply Wall St Community valued AMP between A$0.91 and A$1.76 per share, reflecting wide views from just 2 estimates. With ongoing margin compression pressures, readers should consider how competitive dynamics may influence these outlooks and explore a variety of these perspectives.

Explore 2 other fair value estimates on AMP - why the stock might be worth as much as A$1.76!

Build Your Own AMP Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your AMP research is our analysis highlighting 1 key reward and 1 important warning sign that could impact your investment decision.
• Our free AMP research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate AMP's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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