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Ameriprise Financial
(NYSE:AMP)
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Rating:77Outperform
Price Target:
$637.00
â–²(20.44% Upside)
Action:Reiterated
Date:08/06/26
AMP scores well primarily on strong financial performance (profitable growth and improving leverage) and supportive earnings-call fundamentals (solid execution and large capital returns). The score is tempered by volatile cash-flow/cash conversion and technically stretched momentum (RSI/Stoch elevated), while valuation (P/E ~13) provides a constructive offset.
Positive Factors
Scale & Fee-Based AUM Growth
A $1.8T fee-bearing asset base provides durable, recurring revenue from advisory and management fees. Large scale supports cross-selling across wealth, asset management and bank businesses, smoothing cyclicality and enabling margin leverage as fixed costs are spread over growing AUM.
Negative Factors
Volatile Cash Conversion
Recent weaker cash conversion reduces predictability of free cash available for buybacks, dividends and reinvestment. Persistent volatility means capital returns and investment pacing may be harder to sustain in downturns, increasing governance and refinancing sensitivity.
Read all positive and negative factors
Positive Factors
Negative Factors
Scale & Fee-Based AUM Growth
A $1.8T fee-bearing asset base provides durable, recurring revenue from advisory and management fees. Large scale supports cross-selling across wealth, asset management and bank businesses, smoothing cyclicality and enabling margin leverage as fixed costs are spread over growing AUM.
Read all positive factors
Ameriprise Financial Key Performance Indicators (KPIs)
Any
Revenue by Segment
Shows how much each business unit contributes to overall sales, indicating areas of strength and potential growth within the company.
Shows how much each business unit contributes to overall sales, indicating areas of strength and potential growth within the company.
Data provided by:
The Fly
The FlyAmeriprise Financial (AMP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$49.07B
Dividend Yield1.21%
Average Volume (3M)727.80K
Price to Earnings (P/E)13.0
Beta (1Y)1.13
Revenue Growth8.75%
EPS Growth28.59%
CountryUS
Employees13,600
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)42.03
Shares Outstanding89,897,090
10 Day Avg. Volume640,594
30 Day Avg. Volume727,801
Financial Highlights & Ratios
PEG Ratio1.39
Price to Book (P/B)7.10
Price to Sales (P/S)2.46
P/FCF Ratio16.07
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$552.75Price Target Upside4.51% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
EPS Forecast (FY)46.24
Revenue Forecast (FY)$19.92B
Ameriprise Financial Business Overview & Revenue Model
Company Description
Ameriprise Financial, Inc. is a holding company, which engages in providing financial planning, asset management, and insurance services to individuals, businesses, and institutions. It operates through the following business segments: Advice & We...
How the Company Makes Money
Ameriprise primarily makes money from fees and spreads generated across wealth management, asset management, and insurance-related activities. In its wealth management business, it earns (1) advisory and managed account fees, typically based on a ...
Ameriprise Financial Earnings Call Summary
Earnings Call Date:Jul 23, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 27, 2026
Earnings Call Sentiment Positive
The call emphasized strong core operating performance across revenue, earnings, ROE, AUM growth, adviser productivity and capital returns, driven by fee, transactional and spread-based businesses and accelerated by investments in technology and AI. The primary negatives were inorganic flow headwinds (notably the accelerated Comerica exits), continued net outflows in asset management channels, elevated third-party cash balances, and an aggressive recruiting market that could lead to uneconomic deals if pursued. On balance, the strengths in financial performance, margins, capital returns and productivity gains outweigh the near-term flow and competitive challenges.Positive Updates
Revenue and Earnings Growth
Total revenues grew 13% year-over-year to ~$4.9 billion; adjusted operating earnings increased 14% to ~$1.0 billion; adjusted operating EPS rose 22% to $11.07.
Negative Updates
Comerica-Related Outflows and Client Flow Pressure
Comerica-related adviser exits accelerated in Q2 and are expected to result in approximately $19 billion of client assets leaving by the end of Q3, creating a material headwind to inorganic flows and total client flows in the quarter.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue and Earnings Growth
Total revenues grew 13% year-over-year to ~$4.9 billion; adjusted operating earnings increased 14% to ~$1.0 billion; adjusted operating EPS rose 22% to $11.07.
Read all positive updates
Company Guidance
Management's guidance emphasized disciplined investment and strong capital returns: for the full year they expect general & administrative expenses to rise only in the mid‑single‑digit range while Asset Management G&A should be essentially flat (ex‑settlement/performance comp), the back‑office transformation remains on track to complete by end‑Q3, and the Comerica exit (~$19 billion) will be fully completed by end‑Q3 and largely offset by Huntington onboarding in Q4 (≈260 advisers and ~$28 billion of client assets) plus other institutional wins; they plan to continue returning roughly 85–90% of operating earnings to shareholders (they returned 91% in the quarter), retain $2.1 billion of excess capital and $2.8 billion of holding‑company liquidity, and expect bank growth (> $25.5 billion in assets; lending +61% y/y; bank yield ~4.7%; new purchases $1.1B at 5.2%) plus AI/tech investments to sustain adviser productivity, margins and long‑term earnings.Ameriprise Financial Financial Statement Overview
Summary
Income Statement
83
Very Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.82B | 18.91B | 17.98B | 16.12B | 14.33B | 13.54B |
| Gross Profit | 9.96B | 9.53B | 9.15B | 8.34B | 7.69B | 7.83B |
| EBITDA | 5.50B | 5.04B | 4.79B | 3.76B | 4.32B | 3.72B |
| Net Income | 3.95B | 3.56B | 3.40B | 2.56B | 3.15B | 2.76B |
Balance Sheet | ||||||
| Total Assets | 197.87B | 190.90B | 181.40B | 175.19B | 158.85B | 175.91B |
| Cash, Cash Equivalents and Short-Term Investments | 10.13B | 10.10B | 60.67B | 59.13B | 47.91B | 39.30B |
| Total Debt | 4.02B | 5.86B | 5.47B | 5.75B | 5.38B | 5.20B |
| Total Liabilities | 191.50B | 184.35B | 176.18B | 170.46B | 155.05B | 169.97B |
| Stockholders Equity | 6.37B | 6.55B | 5.23B | 4.73B | 3.80B | 5.94B |
Cash Flow | ||||||
| Free Cash Flow | 3.23B | 2.89B | 6.42B | 4.50B | 4.22B | 3.21B |
| Operating Cash Flow | 3.25B | 2.89B | 6.59B | 4.68B | 4.41B | 3.33B |
| Investing Cash Flow | -1.97B | -650.00M | -551.00M | -9.26B | -13.58B | -4.38B |
| Financing Cash Flow | -2.95B | -2.08B | -5.17B | 4.41B | 8.43B | 1.72B |
Ameriprise Financial Technical Analysis
Positive
528.90
Price Trends
492.62
Positive
473.08
Positive
474.92
Positive
Market Momentum
17.95
Negative
67.18
Neutral
79.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMP, the sentiment is Positive. The current price of 528.9 is below the 20-day moving average (MA) of 536.22, above the 50-day MA of 492.62, and above the 200-day MA of 474.92, indicating a bullish trend. The MACD of 17.95 indicates Negative momentum. The RSI at 67.18 is Neutral, neither overbought nor oversold. The STOCH value of 79.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AMP.
Ameriprise Financial Risk Analysis
Ameriprise Financial disclosed 30 risk factors in its most recent earnings report. Ameriprise Financial reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Ameriprise Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $49.07B | 12.99 | 61.73% | 1.23% | 8.75% | 28.59% | |
77 Outperform | $158.90B | 28.39 | 40.87% | 3.02% | 27.99% | 20.33% | |
71 Outperform | $50.59B | 15.97 | 12.40% | 1.81% | 1.05% | 27.32% | |
68 Neutral | $33.33B | 15.56 | 17.14% | 1.77% | 3.18% | 37.10% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | $16.57B | 30.23 | 6.07% | 3.08% | -26.37% | -49.86% |
* Financial Sector Average
AMP
Ameriprise Financial
551.98
51.97
10.39%
STT
State Street
184.68
77.61
72.48%
BX
Blackstone Group
137.13
-26.31
-16.10%
CG
Carlyle Group
47.79
-13.01
-21.40%
NTRS
Northern
185.50
63.04
51.48%
Ameriprise Financial Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Ameriprise Financial Issues $750 Million in Senior Notes
Positive
Jun 9, 2026
On June 9, 2026, Ameriprise Financial, Inc. raised $750 million in the debt markets by issuing $300 million of 4.800% Senior Notes due 2031 and $450 million of 5.350% Senior Notes due 2036. The notes were sold through an underwriting syndicate led...
Business Operations and StrategyExecutive/Board Changes
Ameriprise Announces Retirement of Columbia Threadneedle CIO
Neutral
May 20, 2026
On May 20, 2026, Ameriprise Financial announced that William Davies, executive vice president and global chief investment officer at Columbia Threadneedle Investments, will retire on June 30, 2026 after a 33-year career with the firm. Davies, who ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.