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AMP shares jumped 13% this week, putting the Australian wealth manager on track for its strongest weekly stock market performance in nearly four months as investors welcomed improved earnings and a new share buyback program.
The rally extends a strong run for AMP, with the stock poised to record its fourth consecutive week of gains. On Friday, AMP shares were last trading 2.4% higher, bringing their advance since the beginning of 2026 to approximately 33.5%.
Investor sentiment strengthened after AMP reported its best first-half profit in four years on Thursday. The improved financial performance provided another sign of progress for the Australian financial services company and helped drive renewed buying interest in AMP stock.
Adding to the positive market reaction, AMP announced plans for an A$150 million ($105.41 million) share buyback. Share repurchase programs can support a company's stock by reducing the number of shares available in the market and are often viewed by investors as a signal of management's confidence in the business and its capital position.
The combination of stronger first-half earnings and the A$150 million buyback helped propel AMP shares sharply higher during the week. The 13% weekly gain represents a notable acceleration for a stock that had already been building momentum over recent weeks.
AMP's latest performance also highlights its strong start to 2026. With shares up 33.5% year-to-date, the wealth manager has delivered substantial gains for investors as improved profitability and capital returns boost market confidence.
The company's strongest first-half profit in four years is likely to remain a key focus for investors assessing whether the recent momentum can continue. Market participants will also be watching the execution of the share buyback and AMP's financial performance during the remainder of the year.
For now, the latest earnings result and capital return initiative have strengthened investor appetite for AMP shares, keeping the stock on course for a fourth straight weekly advance.
