Why did the AMP share price just leap 12%?
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The AMP Ltd (ASX: AMP) share price is surging higher today.
Shares in the S&P/ASX 200 Index (ASX: XJO) financial services company closed yesterday trading for $1.355. In morning trade on Thursday, shares are changing hands for $1.517 apiece, up 11.96%.
For some context, the ASX 200 is up 0.92% at this same time.
This outperformance comes following the release of AMP’s third quarter (Q3 2024) update.
Read on for the highlights.
Why is the AMP share price rocketing?
ASX 200 investors are bidding up the AMP share price after the company reported a 76% year on year increase in platforms net cashflows of $750 million.
North inflows from Independent Financial Advisers (IFAs) were up 47% from Q3 2023 to $832…
