Ameriprise Financial, Inc., together with 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, Asset Management, Retirement & Protection Solutions, and Corporate & Other. The Advice & Wealth Management segment provides financial planning and advice; brokerage products and services for retail and institutional clients; discretionary and non-discretionary investment advisory accounts; mutual funds; insurance and annuities products; cash management and banking products; and face-amount certificates. The Asset Management segment offers investment management, advice, and products to retail, high net worth, and institutional clients through third-party financial institutions, advisor networks, direct retail, and its institutional sales force under the Columbia Threadneedle Investments brand name. This segment products include U.S. mutual funds and their non-U.S. equivalents, exchange-traded funds, variable product funds underlying insurance, and annuity separate accounts; and institutional asset management products, such as traditional asset classes, separately managed accounts, individually managed accounts, collateralized loan obligations, hedge funds, collective funds, and property and infrastructure funds. The Retirement & Protection Solutions segment provides variable annuity products, as well as life and disability income insurance products to retail clients. The company was formerly known as American Express Financial Corporation and changed its name to Ameriprise Financial, Inc. in September 2005. Ameriprise Financial, Inc. was founded in 1894 and is headquartered in Minneapolis, Minnesota.
A&WM Resilience | Explore Ameriprise's Asset & Wealth Management strength, showcasing better-than-expected Q2 results and potential for long-term stability in cash balances |
Financial Prudence | Discover how Ameriprise's strict expense discipline and capital return strategy are bolstering profitability and shareholder value |
Market Headwinds | Delve into the challenges Ameriprise faces with lower forward rates and tighter credit spreads, impacting revenue projections and product pricing |
Analyst Perspectives | Average price target of $493.50, with ratings ranging from Neutral to Outperform, reflecting varied views on Ameriprise's growth potential |
Metrics to compare | AMP | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipAMPPeersSector | |
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P/E Ratio | 20.3x | 28.6x | 8.7x | |
PEG Ratio | 34.90 | 0.13 | 0.03 | |
Price/Book | 9.6x | 7.0x | 1.0x | |
Price / LTM Sales | 3.1x | 5.6x | 2.8x | |
Upside (Analyst Target) | −2.1% | 2.1% | 10.4% | |
Fair Value Upside | Unlock | 6.9% | 2.7% | Unlock |