Ameriprise Financial, Inc.’s Stock Price Takes a Hit, Dips 3.25% to $407.69

Ameriprise Financial, Inc. (AMP)

407.69 USD -13.69 (-3.25%) Volume: 0.96M

Explore Ameriprise Financial, Inc.’s stock price performance, currently standing at 407.69 USD, experiencing a -3.25% change this trading session with a trading volume of 0.96M and a positive year-to-date percentage change of +7.33%, indicating a robust financial performance.

Latest developments on Ameriprise Financial, Inc.

Ameriprise Financial Inc (AMP) has seen a significant rise in its stock price following a prosperous Q1 performance. The company’s profits have increased due to market gains, with the wealth division reporting a 10% jump. The firm’s quarterly profit has also risen thanks to higher fees and assets under management (AUM). According to Ameriprise’s CEO, advisor recruiting is getting “irrational,” and the company’s strategist predicts a rebound in the tech and communications sectors. AMP has exceeded Q1 earnings estimates, leading to an increased dividend of $1.48 per share, and a rise in its composite rating to 96.

Ameriprise Financial, Inc. on Smartkarma

Analysts at Baptista Research on Smartkarma have published a bullish report on Ameriprise Financial Inc., highlighting the company’s strong performance in surpassing revenue and earnings expectations. Despite external pressures, Ameriprise has excelled in providing high-quality advisory solutions and services to clients, resulting in positive outcomes. With $587 billion in assets under management in the Asset Management segment, Ameriprise is focused on enhancing flows and investment performance.

A look at Ameriprise Financial, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma Smart Scores, Ameriprise Financial has a positive long-term outlook. The company scored well in resilience and momentum, indicating strong stability and growth potential. With a growth score of 4, Ameriprise Financial is positioned for future expansion and development in the financial services industry. While the value and dividend scores are lower, the overall outlook for the company remains favorable.

Ameriprise Financial, Inc. is a financial planning and services firm that offers a range of solutions for clients’ financial needs. With a focus on asset accumulation, income, protection, and wealth transfer, Ameriprise Financial aims to provide comprehensive financial planning services. The company’s Smartkarma Smart Scores reflect its resilience and momentum, suggesting a promising future for Ameriprise Financial in the long term.

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