J.P. Morgan flags Amundi risks, puts asset manager on Negative Catalyst Watch By Investing.com
Update: 2025-11-03
Description
Amundi, Europe's largest asset manager, is facing uncertainty due to a potential non-renewal of its partnership with UniCredit, a major bank group. This partnership manages a significant portion of Amundi's assets and accounts for 88 billion euros in assets under management. J.P. Morgan analysts have placed Amundi on Negative Catalyst Watch, lowering its price target and projecting slower profit growth. The company's adjusted profit growth is now expected to average just 2% between 2024 and 2028, well below rivals. Amundi's strategy update on November 18th may provide more clarity, but the risk-reward profile remains challenging due to slower growth and the possible loss of a key distribution partner.
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