Ameriprise Financial Services (AMP)
NYSE:AMP
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Ameriprise Financial
(NYSE:AMP)
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Rating:73Outperform
Price Target:
$519.00
▲(13.77% Upside)
Action:Reiterated
Date:05/09/26
AMP scores well on fundamentals and management commentary: strong profitability, improving leverage, and a shareholder-return-focused outlook with solid growth metrics. Valuation is supportive with a low P/E. Offsetting these positives are weaker cash-flow consistency and only moderate technical setup (below longer-term moving averages) alongside near-term flow and expense headwinds discussed on the call.
Positive Factors
High profitability and ROE
Ameriprise’s elevated return on equity (mid‑50s) and roughly 20% net margin reflect durable profitability and capital efficiency. High ROE supports repeatable earnings power, funds core reinvestment and distributions, and indicates the business converts revenue into shareholder value over time.
Negative Factors
Volatile cash generation
Although FCF has historically tracked net income, recent sharp declines and operating cash volatility raise questions about cash conversion consistency. Persistent variability could strain funding for buybacks, dividends, or investments and complicate capital planning over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
High profitability and ROE
Ameriprise’s elevated return on equity (mid‑50s) and roughly 20% net margin reflect durable profitability and capital efficiency. High ROE supports repeatable earnings power, funds core reinvestment and distributions, and indicates the business converts revenue into shareholder value over time.
Read all positive factors
Ameriprise Financial Key Performance Indicators (KPIs)
Any
Advice and Wealth Management Client Assets
Tracks the total assets managed for clients, reflecting the company's ability to attract and retain wealth management clients and generate fee-based income.
Tracks the total assets managed for clients, reflecting the company's ability to attract and retain wealth management clients and generate fee-based income.
Data provided by:
The Fly
The FlyAmeriprise Financial (AMP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$42.36B
Dividend Yield1.26%
Average Volume (3M)645.89K
Price to Earnings (P/E)11.3
Beta (1Y)1.16
Revenue Growth6.43%
EPS Growth36.14%
CountryUS
Employees13,600
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)40.79
Shares Outstanding89,897,090
10 Day Avg. Volume547,546
30 Day Avg. Volume645,886
Financial Highlights & Ratios
PEG Ratio1.36
Price to Book (P/B)7.10
Price to Sales (P/S)2.46
P/FCF Ratio16.07
Enterprise Value/Market Cap0.85
Enterprise Value/Revenue1.87
Enterprise Value/Gross Profit3.62
Enterprise Value/Ebitda6.74
Forecast
1Y Price Target
$522.00Price Target Upside14.42% Upside
Rating ConsensusHold
Number of Analyst Covering9
EPS Forecast (FY)44.18
Revenue Forecast (FY)$19.34B
Ameriprise Financial Business Overview & Revenue Model
Company Description
Ameriprise Financial, Inc., through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management,...
How the Company Makes Money
Ameriprise primarily makes money from fees tied to managing client assets and from revenues associated with delivering advice and distributing financial products. A major portion of earnings is generated through wealth management, where the compan...
Ameriprise Financial Earnings Call Summary
Earnings Call Date:Apr 23, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 29, 2026
Earnings Call Sentiment Positive
The call presented a predominantly positive operating and financial picture: double-digit revenue and EPS growth, record EPS, very strong ROE, meaningful AUM growth, high adviser productivity, strategic partnerships (Huntington), and continued capital returns. The main negatives were flow lumpiness driven by Comerica-related outflows, continued net outflows in Asset Management (though improved), some expense increases, and industry-wide aggressive recruiting that could create volatility. Management framed many issues as transitory or actively managed (e.g., recruiting discipline, back-office transformation, Huntington onboarding), so the positives materially outweigh the near-term challenges.Positive Updates
Revenue and EPS Growth
Adjusted operating revenues increased 11% year-over-year to $4.8 billion, and adjusted operating EPS rose 19% to a record $11.26 in Q1 FY2026.
Negative Updates
Cautious Client Behavior and Flow Lumpiness
Market volatility and economic uncertainty led to more cautious client behavior and lighter-than-expected flows, producing lumpiness in net flows during the quarter.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue and EPS Growth
Adjusted operating revenues increased 11% year-over-year to $4.8 billion, and adjusted operating EPS rose 19% to a record $11.26 in Q1 FY2026.
Read all positive updates
Company Guidance
Management’s forward-looking commentary emphasized continued shareholder returns and disciplined, targeted growth: they expect to deploy roughly 85%–90% of operating earnings to buybacks/dividends (Q1 returned 88% or $936M; trailing 12‑month returns $3.6B), the board approved a 6% dividend increase and opportunistic repurchases will continue; Retirement & Protection is expected to generate roughly $800M of adjusted pretax operating earnings per year over time; the Huntington Bank relationship will onboard ~260 advisers and ~$28B of assets (primarily in Q4), while Comerica-related outflows (totaling about $18B) are expected to finish by end‑of‑Q3; a substantial portion of Asset Management’s back‑office outsourcing conversion is planned later this year to support margins (AM margin was 44% this quarter vs a 35%–39% target); key operating metrics referenced include AUMA up 12% to $1.7T, AUM/A in AM $706B (+8%), adjusted operating revenues $4.8B (+11%), adjusted EPS $11.26 (+19%), ROE >54%, Wealth net revenues $3.2B (+14%), adviser productivity $1.2M (+10%), wrap assets $664B (+16%), client flows $4.2B, wrap inflows $6B, bank assets $25.5B, cash sweep $29.4B, third‑party MMF ~$48B, and excess capital/liquidity of $2.3B each.Ameriprise Financial Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
74
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.30B | 18.91B | 17.98B | 16.12B | 14.33B | 13.54B |
| Gross Profit | 9.97B | 9.53B | 9.15B | 8.34B | 7.69B | 7.83B |
| EBITDA | 5.35B | 5.04B | 4.79B | 3.76B | 4.32B | 3.72B |
| Net Income | 3.90B | 3.56B | 3.40B | 2.56B | 3.15B | 2.76B |
Balance Sheet | ||||||
| Total Assets | 184.45B | 190.90B | 181.40B | 175.19B | 158.85B | 175.91B |
| Cash, Cash Equivalents and Short-Term Investments | 8.34B | 10.10B | 60.67B | 59.13B | 47.91B | 39.30B |
| Total Debt | 3.28B | 5.86B | 5.47B | 5.75B | 5.38B | 5.20B |
| Total Liabilities | 178.24B | 184.35B | 176.18B | 170.46B | 155.05B | 169.97B |
| Stockholders Equity | 6.21B | 6.55B | 5.23B | 4.73B | 3.80B | 5.94B |
Cash Flow | ||||||
| Free Cash Flow | 1.67B | 2.89B | 6.42B | 4.50B | 4.22B | 3.21B |
| Operating Cash Flow | 1.67B | 2.89B | 6.59B | 4.68B | 4.41B | 3.33B |
| Investing Cash Flow | 422.00M | -650.00M | -551.00M | -9.26B | -13.58B | -4.38B |
| Financing Cash Flow | -3.14B | -2.08B | -5.17B | 4.41B | 8.43B | 1.72B |
Ameriprise Financial Technical Analysis
Negative
456.20
Price Trends
454.25
Positive
473.32
Negative
476.84
Negative
Market Momentum
1.90
Positive
44.56
Neutral
31.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMP, the sentiment is Negative. The current price of 456.2 is below the 20-day moving average (MA) of 468.14, above the 50-day MA of 454.25, and below the 200-day MA of 476.84, indicating a neutral trend. The MACD of 1.90 indicates Positive momentum. The RSI at 44.56 is Neutral, neither overbought nor oversold. The STOCH value of 31.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | $42.55B | 11.53 | 11.09% | 2.43% | 1.43% | 10.86% | |
73 Outperform | $42.36B | 11.33 | 61.59% | 1.26% | 6.43% | 36.14% | |
73 Outperform | $30.58B | 12.32 | 14.45% | 2.21% | -5.75% | -10.69% | |
70 Outperform | $142.71B | 34.66 | 36.16% | 3.02% | 17.79% | 17.92% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $93.75B | 12.56 | 13.48% | 1.71% | 1.91% | 31.72% | |
58 Neutral | $16.77B | ― | 9.65% | 2.30% | -26.37% | -49.86% |
* Financial Sector Average
AMP
Ameriprise Financial
457.27
-47.11
-9.34%
BK
Bank of New York Mellon
137.16
49.90
57.19%
STT
State Street
154.07
61.14
65.80%
BX
Blackstone Group
116.83
-15.84
-11.94%
CG
Carlyle Group
45.32
2.59
6.07%
NTRS
Northern
165.96
63.21
61.52%
Ameriprise Financial Corporate Events
Executive/Board ChangesShareholder Meetings
Ameriprise Shareholders Back Board, Auditor and Pay Plans
Positive
Apr 30, 2026
Ameriprise Financial held its 2026 annual meeting of shareholders on April 29, 2026, with approximately 86.4% of eligible shares represented, and investors re-elected eight director nominees, including Chairman and CEO James M. Cracchiolo, to one-...
Business Operations and StrategyExecutive/Board Changes
Ameriprise Financial Announces Retirement of Key Wealth Executive
Neutral
Feb 12, 2026
Ameriprise Financial, Inc. reported on February 12, 2026, that Joseph E. Sweeney, its President of Advice Wealth Management Products Service Delivery, will retire from the company on April 3, 2026. The leadership change affects a key role overse...
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.