First Impressions on AMP - A tidy and solid 1H15 result

Bell Potter

Stockbroker

AMP had ROE up 1% to 13.5% (vs our 13.7% estimate). Their life company recovery was on track, however slightly below our estimate. AMP Bank continues to grow strong with their cost efficiency program on track. They had an increase in regulatory capital above MRR moving to $2.3 billion, vs 2.0 billion at FY14. Read the full summary here: (VIEW LINK)


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Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

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