Amundi's Stock Jumps 3.44% Mid-Day After Bouncing Off Key Support
On Tuesday mid-day, the stock of asset manager Amundi saw a sharp increase, rising 3.44% to 76.65 euros after closing the previous session at 74.10 euros. This rebound occurs in a context of a generalized recovery across European markets, with the CAC 40 up 2.16% during the session. However, the stock is still down 4% over the past seven days.
In the previous session, Amundi's share price touched 74.10 euros, exactly matching the support level identified by technical analysis. This floor has played its role: the stock rebounded strongly this Tuesday, approaching its 50-day moving average, located at 75.60 euros, which it has now surpassed. The RSI, at 40, indicated a relative oversold zone at the end of last week, consistent with the recovery movement observed today. Over three months, the performance remains solid at +13.05%, and the stock is well above its 200-day moving average (69.33 euros), indicating an underlying bullish trend despite the recent correction. The monthly volatility, measured at 6.62%, remains contained for a financial stock, in an environment where the VIX was at 29.49 on March 6, indicating high tensions in global markets.
Amundi's Rise Part of Broader European Market Uptrend
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Amundi's recovery is part of a broader bullish movement across European indices. The DAX is up 2.22% in the session, while the SBF 120 has advanced 2.19%. In Asia, the Nikkei 225 closed up 2.88% and the Hang Seng up 2.17%, reflecting a renewed global appetite for risk assets. Regarding the financial calendar, Amundi will publish its first-quarter results on April 29, followed by the general meeting scheduled for June 2 and the dividend payment on June 11. These events will be important milestones to assess the collection trajectory and revenue of Europe's leading asset manager. Over the past year, the stock has shown a progression of 7.28%, in an asset management sector exposed to variations in assets under management linked to financial market developments.
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.
