Amundi Shares Surge 6.65% After Record Quarterly Collection of €32 Billion
The asset manager's share price stands at €81.00 in late afternoon trading, following its first quarter financial report released earlier in the day. The 6.65% increase from the previous day's close brings the price to the brink of the technical resistance identified at €81.40. This movement contrasts with a CAC 40 that is down by 0.32% during the session, at 8,077.94 points.
Amundi announced this Wednesday a net collection of €32 billion over the first three months of 2026, its highest level in over four years. The adjusted net income reached €349 million, up 15% year-on-year, and earnings per share were €1.69. All customer segments and asset classes contributed to the collection. However, total assets under management grew only by 0.8% for the quarter, as negative market and exchange rate effects of €13.6 billion tempered the commercial momentum. The financial calendar schedules the general meeting for June 2, followed by the dividend payment on June 11.
Share Price Challenges Resistance at €81.40
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The day's surge pushes the share price above the upper limit of the Bollinger Bands, set at €79.79. This technically signals an overbought zone. The price is now very close to the resistance at €81.40, a level that has not been surpassed in recent sessions. The 50-day moving average, at €75.97, is significantly exceeded, as is the 200-day moving average at €70.17. Over three months, the performance stands at 8.51%, and at 16.55% over one year. The RSI at 52 remains in neutral territory, despite the day's rise.
Au troisième trimestre, Amundi a prolongé les dynamiques positives avec une collecte de +15 Md€, une hausse des revenus de +5% et une progression du résultat avant impôt de +4 %.
Collecte soutenue (9M +67 Md€, T3 +15 Md€), encours record 2 317 Md€, croissance des revenus (+4,9 % 9M ajusté), forte progression d'Amundi Technology (+48% 9M/9M) et bonne dynamique des ETF (+28 Md€ 9M). Résultats ajustés en hausse: résultat avant impôt ajusté 9M 1 340 M€, résultat net ajusté 9M 978 M€.
Risks mentioned
Incertitude sur le renouvellement du contrat de distribution UniCredit à échéance juillet 2027
Risque de change: effet défavorable du dollar US (-12%) et de la roupie indienne (-15%) sur les encours
Risque de réallocation de l'EPFO pouvant entraîner sorties pour SBI FM (30-40 Md€ évoqués)
Volatilité des marchés pouvant impacter les encours et la collecte
Opportunities identified
Croissance en Asie (collecte 9M +29 Md€, forte contribution des JV et distribution directe)
Distribution Tiers et plateformes digitales (collecte 9M +21 Md€, 34% de la collecte via plateformes digitales)
Actifs privés et stratégies Megatendances (levée Mégatendances III 0,3 Md€)
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
