Ameriprise Financial, Inc. (AMP) is a prominent financial services firm with a market cap of $40.9 billion. Based in Minneapolis, Minnesota, the company offers a wide range of financial planning, investment management, and insurance solutions to individual and institutional clients both in the United States and globally. Ameriprise operates through various segments including Advice & Wealth Management, Asset Management, and Retirement & Protection Solutions.
Despite its solid foundation, Ameriprise’s shares have not been performing as well as the broader market. Over the past 52 weeks, AMP stock has decreased by 9.7%, while the S&P 500 Index has seen a 27.1% rally. Year-to-date, Ameriprise’s shares are down by 7.1%, compared to the S&P 500’s 9.9% gain. Additionally, the company’s stock has lagged behind the State Street Financial Select Sector SPDR ETF’s 1.8% return over the same period.
Following the release of its Q1 2026 results on Apr. 23, Ameriprise Financial saw a marginal recovery in its share price. The company reported record adjusted EPS of $11.26, a 19% increase, along with 11% growth in adjusted operating revenue to $4.8 billion and an ROE exceeding 54%. Investor sentiment was further boosted by strong business momentum, including a 12% growth in assets under management, administration, and advisement to $1.7 trillion, a 20% increase in Advice & Wealth Management pretax earnings to $951 million, and the announcement of a multiyear Huntington Bank partnership expected to add approximately 260 advisers and $28 billion in assets starting in Q4.
Looking ahead to the fiscal year ending in December 2026, analysts are optimistic about Ameriprise Financial’s prospects, with expectations for adjusted EPS to grow by 8.4% year-over-year to $42.63. The company has a positive earnings surprise history, having beaten consensus estimates in the last four quarters.
Among the 15 analysts covering the stock, the consensus rating is a “Moderate Buy,” with four “Strong Buy” ratings, two “Moderate Buys,” eight “Holds,” and one “Strong Sell.” On Apr. 24, BofA raised its price target on Ameriprise Financial to $594 and maintained a “Buy” rating. The mean price target of $540.25 represents a 21.2% premium to AMP’s current price levels, while the Street-high price target of $636 suggests a potential upside of 42.7%.
In conclusion, Ameriprise Financial continues to show promise in the financial services sector, with strong financial performance and positive analyst sentiment. Investors may want to keep an eye on this company as it navigates through the ever-changing market landscape.
