AMP Stock Recent News

Beyond analysts' top -and-bottom-line estimates for Ameriprise (AMP), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.

Team Name: Kuttin Wealth Management

Ameriprise (AMP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Fortune recently reported on a couple of surveys about millennial housing trends.  The first survey from the Bank of America Institute, an economic think tank from BofA.

Ameriprise (AMP) continues to benefit from business-restructuring initiatives. However, higher costs will likely continue to hurt profits to an extent.

Ameriprise (AMP) records an improvement in the AUM balance in the third quarter of 2023.

While the top- and bottom-line numbers for Ameriprise (AMP) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Improved advisor productivity and net inflows are likely to have aided Ameriprise's (AMP) asset growth in the third quarter of 2023.

Earnings season is in full swing, providing insight into the state of corporate profits. Ameriprise Financial, a diversified financial services company, is set to release its Q3 earnings next week. AMP has a low valuation, strong balance sheet, rising yield, and a history of stock buybacks, making it an attractive investment.

Ameriprise stock gets upgraded to buy rating, from my previous hold rating in June. My upgrade agrees with the buy consensus from Wall Street, SA analysts, and quant system. Its strengths include YoY top-line and bottom-line growth, a share price below the 200-day average, and increased AUM/AUA. Overvaluation on P/E and P/B seems driven by earnings growth as well as drops in equity.