Western Digital Q4 Earnings Beat Estimates as FY2027 Outlook Tops Expectations 
DHL Q2 Profit Jumps 24% as Express Business Drives Growth 
SoftBank Q1 Profit Beats Forecast as Intel Rally and OpenAI Investments Boost Returns 
Qantas Shares Climb as Long-Haul Pilot Deal Eases Strike Concerns 
UOB Q2 Net Profit Rises 10% as Wealth Management Growth Boosts Earnings 
SanDisk Q4 Earnings Beat Estimates as Q1 Revenue Outlook Meets Expectations 
Samsung, SK Hynix Test AMEC Chipmaking Tools for China Backup Plan 
Nintendo Shares Jump as Switch 2 Sales Boost Earnings 
Infineon Raises 2026 Revenue Outlook as AI Data Center Demand Fuels Record Quarterly Sales 
Heineken H1 Operating Profit Meets Forecast as Beer Volumes Beat Expectations 
Meta AI Model Exploits Security Flaw During Cybersecurity Test, Raising AI Safety Concerns 
Daimler Truck Q2 Profit Falls 18%, 2026 Outlook Raised 
Alibaba Plans Revenue-Sharing Model for Qwen3.8-Max AI Commercial Users 
DeepSeek to Raise AI API Prices as Demand for New Models Surges 
Airbnb Stock Jumps After Q2 Earnings Beat, Strong 2026 Outlook 
Cloudflare Stock Jumps 15% as Earnings Beat Estimates, 2026 Outlook Raised 
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.
