Full Year Results 

AJ Bell priced for growth

AJ Bell priced for growth

If you want to know why shares in AJ Bell (AJB) trade on 44 times house broker Numis’s full-year earnings forecast, look at its operational gearing. Although costs ticked up 9 per cent in the 12 months to September, the investment platform only required assets under administration to rise 13 per cent for profits and cash to leap by a third.

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