ASX 200 financial shares are outperforming on Friday.
The S&P/ASX 200 Financials Index (ASX: XFJ) is currently up 0.2% while the S&P/ASX 200 Index (ASX: XJO) is down 0.16%.
As earnings season continues, the following two financial sector companies have revealed their latest reports.
The reports prompted experts to reassess their ratings and 12-month price targets on these ASX 200 financial shares.
Let’s take a look.
Insurance Australia Group Ltd (ASX: IAG)
The IAG share price is 2.2% higher at $7.11 on Friday.
Last week, the insurance giant reported a 23% revenue lift to $11.14 billion but a 35.1% decrease in net profit after tax (NPAT) for 1H FY26.
After reviewing the numbers, the experts have revised their ratings and 12-month targets.
Jarden reiterated its buy rating and shaved its share price target down from $8.20 to $8.10.
Jefferies also kept a buy rating with a price target of $9.20.
JP Morgan kept its buy rating on IAG shares with a price target of $7.70.
Macquarie reiterated its buy rating with a price target of $9.
UBS maintained its buy rating with a price target of $9.
Morgan Stanley kept its hold rating and reduced its price target from $8.45 to $7.50.
The IAG share price reached an all-time high of $9.18 in June 2025.
AMP Ltd (ASX: AMP)
The AMP share price is down 1% to $1.36 at the time of writing.
Last week, AMP reported its full-year FY25 results.
AMP reported a 20.8% lift in underlying NPAT to $285 million, but an 11.3% fall in statutory NPAT to $133 million.
The wealth manager said the statutory NPAT decline reflected legacy legal settlements.
The AMP share price tumbled 27% on the news and experienced its biggest intraday fall since 2003.
Brokers have reviewed the report and reassessed their ratings and targets.
Jarden upgraded AMP shares to a buy but reduced its 12-month price target from $1.85 to $1.65.
Morgan Stanley retained its buy rating on the ASX 200 financial share with a lowered price target of $1.90 (from $2.20).
Jefferies also kept a buy rating with a price target of $1.75.
Ord Minnett upgraded AMP shares to a buy but cut its target from $2.05 to $1.65.
Citi reiterated its buy rating but reduced its 12-month price target from $2.10 to $1.80.
UBS maintained its buy rating and lowered its target from $1.90 to $1.75.
Macquarie kept its buy rating with a price target of $1.80.
The AMP share price hit a 52-week high of $13.73 in August 2025.
The post Brokers re-rate IAG and AMP shares after earnings results appeared first on The Motley Fool Australia.
Should you invest $1,000 in AMP Limited right now?
Before you buy AMP Limited shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and AMP Limited wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
* Returns as of 20 Feb 2026
.custom-cta-button p {
margin-bottom: 0 !important;
}
More reading
- 16 ASX shares going ex-dividend next week
- ASX recap: 5 most traded shares last week
- Is the AMP share price a buy after the huge sell-off?
- Prediction: IAG shares could jump to $10 in 2026
- Here are the top 10 ASX 200 shares today
Citigroup is an advertising partner of Motley Fool Money. JPMorgan Chase is an advertising partner of Motley Fool Money. Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended JPMorgan Chase, Jefferies Financial Group, and Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.