AMP 0.00% $1.15 amp limited

When will AMP SETTLE the ADVISER CLASS ACTION, page-1756

  1. 83 Posts.
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    Based on AMP's financial reports for the last 3 years, it is difficult to say whether they can survive losses from the fixed loans established between 2020 and 2022 on circa. 2% that are still fixed vs the deposits they are currently have on their book that they are paying interest out tn the one hand, AMP has been making progress in reducing its debt levels and improving its profitability. For example, in FY22, AMP's net profit was $387 million, which was an improvement from a net loss of $1.1 billion in FY21. Additionally, AMP's debt-to-equity ratio has been declining in recent years, and it is now at a level that is considered to be sustainable.On the other hand, AMP is still facing a number of challenges. For example, the interest rates on the fixed loans that AMP has issued are significantly lower than the interest rates that AMP is paying on the deposits that it has received. This could lead to losses for AMP if interest rates rise in the future. Additionally, AMP is still facing legal challenges related to its financial advice business. These challenges could damage AMP's reputation and make it more difficult for AMP to attract new customers.Overall, it is too early to say whether AMP can survive losses from the fixed loans established between 2020 and 2022 on circa. 2% that are still fixed vs the deposits they are currently have on their book that they are paying interest out to. AMP's future will depend on a number of factors, including the direction of interest rates, the outcome of its legal challenges, and its ability to attract new customers.Here are some additional factors that could impact AMP's ability to survive losses from fixed loans:The level of defaults on these loans.The amount of money that AMP has set aside to cover potential losses on these loans.The ability of AMP to raise new capital if needed.It is important to note that I am not a financial advisor and this is not financial advice. If you are concerned about your investment in AMP, you should speak to a financial advisor. thank you to bard which scrapes the internet for its results
 
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