Ameriprise Financial Inc (NYSE: AMP) has reported earnings for its third fiscal quarter (ending September 30) of $5.09 versus $8.31 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $26.57 versus $26.44 for the same period a year ago.
Recent Price Action
Ameriprise Financial Inc (NYSE: AMP) stock closed at $520.47 on 10/23/24 after a slight gain of 0.2%. NORMAL trading volume accompanied the advance. The stock has risen 1.8% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, AMP is expected to continue to be a major Value Builder.
Ameriprise Financial has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Ameriprise Financial has a slightly positive Appreciation Score of 68 and a good Power Rating of 78, and the Positive Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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