Amundi SA

AMUN: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€95.00	Wxqcl	Jtmqljmd

Amundi Earnings: Rock-Solid Performance, but Third-Party Assets Can Be Flighty

Johann Scholtz

Jul 29, 2024

Narrow-moat Amundi reported a solid 9% year-on-year increase in net income for the second quarter of 2024. Management fee income benefited from higher assets under management and broadly stable fee income margins. Net new money inflows were very healthy with strong inflows in the third-party retail channel and Asia.

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