RBC Capital analyst Kenneth Lee raised the firm’s price target on Ameriprise (AMP) to $565 from $550 and keeps an Outperform rating on the shares after its Q1 earnings beat. The firm’s updated model factors in additional disclosures around net interest income inputs, while its G&A expenses came in much better than expected, the analyst tells investors in a research note. RBC adds that it continues to favor the fundamentals within the Advice & Wealth Management segment and the company’s capital return story.
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