Own AMP shares? Here's what to look for during reporting season

What lies ahead for the Aussie wealth manager in August?

| More on:
a surprised investor reading about an asx share price in a newspaper

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

AMP Ltd (ASX: AMP) shares have had a tough year. The Aussie wealth manager's value has slumped 31.7% in 2021 to a market capitalisation of $3.5 billion. With the August reporting season kicking off next week, here are a few things to watch as an AMP investor.

What to watch in August if you own AMP shares

AMP is currently undergoing a significant period of change. The 2018 Financial Services Royal Commission, a number of scandals, and significant structural change have meant there's a lot happening for the Aussie financial services group right now.

One of the first things investors will be watching is AMP's own half-year results update on 12 August. Earnings have been mixed in recent years and this August could provide some insight into AMP's future strategy. AMP Capital has long been AMP's most consistently profitable entity and a mooted private markets business spin-off means investors will be keeping an eye on performance.

AMP shares are under the pump right now, but could a change of leader mean a change in fortunes? Former Australia and New Zealand Banking Group Ltd (ASX: ANZ) deputy CEO Alexis George is set to join AMP as CEO on Monday. George will take over the reins with a big task ahead to turn around AMP's profitability and share price.

Shareholders will also likely be watching AMP's FY2022 outlook for any insightful commentary. There has been a flurry of rumoured and actual portfolio sales in recent months. That means with so much happening at AMP and its re-shaping of the business for the future, the August reporting season is worth watching.

Aside from AMP's own results, it might also pay to keep an eye on what others in the market are doing. Investors will likely be watching out for other Aussie wealth managers like IOOF Holdings Limited (ASX: IFL) and even Macquarie Group Ltd (ASX: MQG). Following what AMP's peers and rivals are doing can provide useful industry context in evaluating how much AMP shares are worth.

Foolish takeaway

AMP shares remain under the pump heading into the August reporting season. These are just a few things shareholders might be watching as they hope the new CEO can right the ship in 2021 and beyond.

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Financial Shares

A young woman sits with her hand to her chin staring off to the side thinking about her investments.
Financial Shares

Why the Macquarie share price could soar 16% on an overlooked factor

A double-edge sword might be Macquarie's secret weapon for huge upside.

Read more »

Smiling elderly couple looking at their superannuation account, symbolising retirement.
Financial Shares

Suncorp share price hits new 52-week high amid $375m asset sale

Suncorp is offloading another asset as it reshapes its business.

Read more »

A young man goes over his finances and investment portfolio at home.
Financial Shares

Are IAG shares worth buying right now?

IAG shares have climbed high, but is there further to go?

Read more »

A man with long hair and tattoos holds out an EFTPOS payment machine from behind a shop counter.
Financial Shares

1 dirt-cheap ASX stock I'd buy as Aussie cash carrier looks for a lifeline

Every crisis comes with an opportunity. I reckon this payments company is in the buy zone as cash crumbles.

Read more »

A young male investor wearing a white business shirt screams in frustration with his hands grasping his hair after ASX 200 shares fell rapidly today and appear to be heading into a stock market crash
Financial Shares

Why is this ASX 300 stock crashing 23% today?

Shareholders of this stock have been hit with some bad news.

Read more »

Happy man working on his laptop.
Financial Shares

3 things about AFIC stock every smart investor knows

These are underrated factors about the LIC.

Read more »

Frazzled couple sitting out their kitchen table trying to figure out their finances or taxes.
Dividend Investing

Here's the AMP dividend forecast through to 2026

There is some good news for AMP shareholders.

Read more »

A man holds his hand under his chin as he concentrates on his laptop screen and reads about the ANZ share price
Earnings Results

Soul Patts share price struggles on falling profits

ASX 200 investment house Soul Patts reported its half year results this morning.

Read more »