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AMP is a diversified financial services company with primary operations in financial advice, including financial planning and wealth management.
A big part of its business is licensing other planning groups to provide advice. AMP also has capabilities in investing (AMP Capital), banking and, until recently, insurance.
AMP demerged its Private Markets business within the AMP Capital arm, which comprised infrastructure equity, infrastructure debt and real estate.
As part of this demerger, AMP also sold AMP Capital’s Global Equities and Fixed Income business.
The S&P/ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up 1.09% on Friday.
The AMP Limited (ASX:AMP) share price could flop today following the release of its 2018 full year financial report.
The S&P/ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up 0.26% on Wednesday.
The AMP Limited (ASX: AMP) share price bounced 11% higher today after the final banking Royal Commission report was handed to the public yesterday.
The Royal Commission Report recommendations have been made, is it time to buy IOOF Holdings Limited (ASX:IFL) shares?
The AMP Limited (ASX:AMP) share price is up 10% after Chairman David Murray said that AMP won’t be structurally changed by the Royal Commission.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 1.75% at lunch.
The share prices of CBA (ASX:CBA), NAB (ASX:NAB), ANZ (ASX:ANZ) and Westpac (ASX:WBC) are all up this morning.
The final Royal Commission Report has been handed in by Commissioner Hayne.
