Amundi shares jump as Q1 adjusted net profit tops forecasts

Amundi SA

29/04/2026 08:29

** Shares in French asset manager Amundi AMUN.PA rise 4.2% after its quarterly earnings update beat profit expectations

** Q1 adjusted net profit, group share, came in at EUR 349 million ($408.33 million), above the company‑compiled consensus of EUR 318 million, while revenue reached EUR 902 million versus forecasts of EUR 835 million

** J.P. Morgan says the 9.8% net income beat, together with net flows "considerably above expectations across all channels", more than offset higher costs

** The revenue outperformance was largely driven by performance fees of EUR 87 million, well ahead of the EUR 23 million consensus, Jefferies notes

   ** "Overall, a strong quarter across metrics," analysts at RBC deem, highlighting resilient medium- and long-term inflows despite global tensions, which they say supports a favourable exit trend into the next quarter

  ** Up to the previous session's close, shares were up 7.6%​ YTD

($1 = 0.8547 euros)

 (Reporting by Jakob Van Calster)

 ((jakob.vancalster@thomsonreuters.com))