Why did the amp share price fall so sharply today?

Investors expected a fresh amp buyback. When results omitted it and showed weaker profitability, confidence cracked. That triggered heavy selling, technical breaks below key averages, and stop-loss activity. The market now wants clarity on capital returns, net flows, margins, and costs before it re-prices risk. Volatility may remain high in the near term.

Is amp asx a buy after the drop?

It depends on your risk profile. Valuation is cheaper at under 1.0x book, but leverage and weak interest cover limit flexibility. Without firmer cash flow and a clear capital return plan, upside may be capped. Traders may try oversold bounces. Long-term investors might prefer to scale in slowly and wait for proof points.

What could lift the amp share price from here?

A clear capital return framework, signs of improving net flows, steady bank margins, and cost control would help. Positive surprises on amp earnings or asset quality would also support sentiment. Technically, reclaiming the 200-day average and sustained volume on up days could confirm a base. Clear communication on the buyback debate is key.

When are the next amp earnings due?

The next scheduled announcement is on 6 August 2026. Ahead of that, listen for trading updates addressing capital returns, funding costs, and net flows. These interim signals can move the amp share price even without full results, especially given today’s volatility and the focus on cash generation and payout capacity.

Global Market Insights

AMP.AX Stock Today: February 13 – Buyback Snub Triggers 20-Year Rout

ByDanny Kontos February 13, 2026February 13, 2026

The amp share price tumbled after results omitted a share buyback and flagged weaker profitability. This was the steepest one-day drop in over 20 years, putting capital returns and earnings quality under the microscope for Australian investors. We break down what rattled the market, today’s key metrics, and what to watch next on the ASX. For context, we cite on-the-record coverage and keep the focus on risks, valuation, and near-term catalysts.