AMP Bank has aggressively undercut rival lenders on homeloans in the past two years, as part of AMP’s strategy to grow its bankingbusiness to offset the long-term decline in its once-dominant wealth managementarm.
AMP told investors on Thursday that its net interest margins(NIMs) had fallen sharply to 1.25 per cent, down from 1.39 per cent in theprevious six months.
AMP’s share price tumbled 15.8 per cent to 85.5¢ and was theworst-performing stock on the ASX 200 on Thursday.
The NIMsof banks have declined following intense mortgage competition driven byMacquarie Bank, AMP and ANZ.
AMPs SP hit an all time low of 84c due to years of mismanagement
AMP is a penny stock today disappointing investors every time they talk
it needs to be sold before shareholders have zip the question is who will get the tiny bank
AMP Bank has aggressively undercut rival lenders on homeloans in...
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Last
$26.42 |
Change
0.390(1.50%) |
Mkt cap ! $91.76B | |||
| Open | High | Low | Value | Volume |
| $26.16 | $26.47 | $26.13 | $147.7M | 5.647M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30 | $26.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $26.43 | 3000 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$26.47 |
Change
0.390 ( 1.72 %) |
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| Open | High | Low | Volume | ||
| $26.20 | $26.47 | $26.14 | 1219996 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| WBC (ASX) Chart |