Exchange: NYSE·Updated 07:59 PM EDT
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AMP Ameriprise Financial Inc

$500.51
$1.43
(0.29%)
Today
Closed $500.51
$1.70
(0.34%)
After Hours
EarningsOct 29
Mkt Cap$44.21B
Vol487,143.00

About AMP

Ameriprise Financial, Inc. is a holding company, which engages in providing financial planning, asset management, and insurance services to individuals, businesses, and institutions. It operates through the following business segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other. The Advice & Wealth Management segment consists of financial planning and advice, as well as full-service brokerage services for retail clients through financial advisors. The Asset Management segment offers investment management, advice, and products to retail, high net worth, and institutional clients through Columbia Threadneedle. The Retirement & Protection Solutions segment refers to RiverSource solutions, which includes clients annuities, life insurance, and disability income insurance products. The Corporate & Other segment handles closed blocks of business and net investment income or loss on corporate level assets, including excess capital held in subsidiaries. The company was founded by John Tappan in 1894 and is headquartered in Minneapolis, MN.
46

Neutral Sentiment

How do you feel about AMP?

1manfund
$AMP Not sure why it fell on rate hike Boomers have 90 trillion $ in retirement assets which such companies will manage Higher rates mean they can just plough into money market. It is Labor that gets hurt not Capital
2
KryptonResearch14
$AMP Ameriprise’s board authorized another $5.5B in buybacks Tuesday, running through September 2028. The scale is the story. $5.5B is about 12% of the ~$44.0B market cap. With the ~$1.1B still unused from last year’s authorization, total firepower is ~$6.6B, roughly 15% of the company. The tape barely moved. The stock is roughly 7% below where it closed nine days ago, and it was flat on the news. At Ameriprise, buybacks are a standing feature, not an event. The authorization replaces capacity more than it signals intent.

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