AMP - Ameriprise Financial, Inc.

NYSE - NYSE Delayed Price. Currency in USD
124.49
-4.09 (-3.18%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close 128.58
Open 127.42
Bid 124.50 x 800
Ask 146.34 x 1200
Day's Range 123.82 - 128.55
52 Week Range 95.69 - 153.91
Volume 917,954
Avg. Volume 960,276
Market Cap 16.292B
Beta (3Y Monthly) 1.92
PE Ratio (TTM) 9.17
EPS (TTM) 13.58
Earnings Date Oct 21, 2019 - Oct 25, 2019
Forward Dividend & Yield 3.88 (3.02%)
Ex-Dividend Date 2019-08-02
1y Target Est 166.70
Trade prices are not sourced from all markets
  • Why Is Ameriprise (AMP) Down 12.5% Since Last Earnings Report?
    Zacks

    Why Is Ameriprise (AMP) Down 12.5% Since Last Earnings Report?

    Ameriprise (AMP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Why Invesco (IVZ) is Worth Adding to Your Portfolio Now
    Zacks

    Why Invesco (IVZ) is Worth Adding to Your Portfolio Now

    Given the strong fundamentals and growth prospects, Invesco (IVZ) stock is worth betting on right now.

  • Here's Why Banner Corporation (BANR) Stock is a Solid Bet
    Zacks

    Here's Why Banner Corporation (BANR) Stock is a Solid Bet

    Banner Corp (BANR) appears to be a promising bet, riding on solid organic growth, earnings strength and long-term growth opportunities.

  • Stakeholder Capitalism Will Fail If It’s Just Talk
    Bloomberg

    Stakeholder Capitalism Will Fail If It’s Just Talk

    (Bloomberg Opinion) -- For 47 years, the Business Roundtable has lobbied on behalf of corporate America. Much of that time, it maintained a fiction(1) -- that the sole purpose of a corporation was to maximize profits on behalf of shareholders. This philosophy has been under assault for several years now, and this week the Business Roundtable announced it wants to put it to rest.In a widely circulated memo, the 200-member organization reversed itself, writing that "shareholder primacy” is no longer the sole purpose of a corporation. Instead, corporations must include a commitment to “all stakeholders,” which includes customers, employees, suppliers and local communities.Some kudos are in order for JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon, and chairman of the Business Roundtable, for driving these changes. He has been discussing the need for a more inclusive form of capitalism, both in public speeches and in his letters to shareholders, for some time.But turning this aircraft carrier around won’t be easy, in large part because of the group's own history. Indeed, the Roundtable has spent most of the past four decades advocating against the interests of those exact stakeholders. To cite some of the more notable examples:\-- It fought the rise of labor unions and pro-union legislation;\-- Helped to defeat antitrust bills;\-- Prevented the formation of the Consumer Protection Agency;\-- Opposed corporate governance changes to make boards of directors and CEOs more accountable to stockholders;\-- Fought proper accounting of stock options given as compensation to executives and insiders;\-- Opposed increases in the national minimum wage (it now favors increases);\-- Lobbied to prevent restrictions on executive compensation;\-- Fought legislation that would create cleaner energy and address climate change;\-- Pushed for corporate income-tax cuts;\-- Supported anti-consumer Supreme Court decisions, including the fiction that corporations are legal people, and that campaign donations equal speech.   The Roundtable might respond that this is all in the past. Let’s hope so. But the organization has an even greater challenge: Scan the list of 181 signatories to the recent memo and it's a Who’s Who of corporate behavior that has burdened and disadvantaged the very stakeholders they will now champion.Consider a few of the signatories:\-- Amazon.com Inc. and Apple Inc.:  Two of the most valuable companies in the world are famously effective at using various tax dodges to avoid paying their fair share. I can recall when the Internal Revenue Service went after maneuvers that serve no valid business purpose other than tax avoidance. Consider that what isn't paid in tax by those who avoid them must be made up for by those who do -- mostly average Americans who also happen to be customers of these companies.The share of federal tax revenue paid by corporations has dropped by two-thirds in the past seven decades -- from 32% in 1952 to 10% in 2013; and corporate income tax as a share of gross domestic product has fallen from about 6% in 1946 to about 1.5% today.\-- Visa Inc., Mastercard Inc. and American Express Co.: Show good faith -- working with card-issuing banks as needed -- by simplifying the incomprehensible small print in the cardholder agreement and spell out in clear language the terms and penalties for late payment. Second, do the same for mandatory arbitration clauses that take away the right of customers to seek redress in public courts.\-- Ameriprise Financial Inc., Morgan Stanley and Principal Financial Group Inc: The brokers and insurers on the list have been zealous opponents of the fiduciary rule. Instead, they prefer a less stringent rule that allows them to sell products that are better for them than for their customers. Until those firms -- and Citigroup Inc. and JPMorgan are in this group -- embrace a higher duty of care, their gestures toward stakeholders are hollow. Oh, and they should drop the requirement that customers agree to mandatory arbitration clauses as one of the conditions for opening a brokerage account.\-- Coca Cola Co. and PepsiCo Inc.: For years these companies have been helping the American public achieve record levels of diabetes and obesity by selling health-damaging sugary drinks. They should acknowledge and warn customers of the consequences of consuming too much of their products, and accept the same kinds of taxes and health warnings now affixed to cigarettes.\-- Deere & Co.: The maker of farm machinery has led the fight against customers, insisting that they not make repairs to the equipment they own, and denying them access to parts and instructions. Repairs can only be made by Deere service technicians in what has come to be known as a “repair monopoly.” Apple, by the way, does the same thing.\-- Walmart Inc. and McDonald's Corp.: Both were steadfast opponents of increases in minimum wages for years. Although both now offer higher minimum pay, it was only after a tightening labor market forced them to increase wages. But this wasn't a case of corporate altruism -- their stores were messy and employees were sullen, and pay increases were part of plans to keep ill-treated customers from defecting. (McDonald's is not a signatory to the Roundtable memo).For the Roundtable commitment to be meaningful, the signatories are going to have to alter their behavior in ways large and small, and maybe even in ways that aren't always optimal for maximizing short-term profits. Still, we should be encouraged. But the proof will be in the follow through and the actual actions of the Roundtable members.(Corrects to clarify section on credit-card companies to indicate the role of banks in setting terms for customers.   )(1) In “The Shareholder Value Myth,” Lynn Stout explained how the entire theory is based on a misreading of a 1919 court case -- Dodge vs. Ford – at the time, both privately held, non-public companies.To contact the author of this story: Barry Ritholtz at britholtz3@bloomberg.netTo contact the editor responsible for this story: James Greiff at jgreiff@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Barry Ritholtz is a Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • 5 Beaten Down ETFs & Stocks to Buy Now
    Zacks

    5 Beaten Down ETFs & Stocks to Buy Now

    Given the rebounding fundamentals, investors should take advantage of the beaten down prices.

  • Legg Mason's Investment Strategies Impress: Time to Hold?
    Zacks

    Legg Mason's Investment Strategies Impress: Time to Hold?

    Though Legg Mason (LM) appears to be a promising bet, riding on robust fundamentals and long-term growth opportunities, elevated expenses and equity AUM outflows are concerns.

  • Federated (FII) or Ameriprise (AMP): Which is a Better Pick?
    Zacks

    Federated (FII) or Ameriprise (AMP): Which is a Better Pick?

    Federated (FII) and Ameriprise (AMP) are good options with similar business trends, but deeper research into their financials will help decide which investment option is better.

  • Could Ameriprise Financial, Inc.'s (NYSE:AMP) Investor Composition Influence The Stock Price?
    Simply Wall St.

    Could Ameriprise Financial, Inc.'s (NYSE:AMP) Investor Composition Influence The Stock Price?

    A look at the shareholders of Ameriprise Financial, Inc. (NYSE:AMP) can tell us which group is most powerful...

  • BancorpSouth on Buyout Spree, Gets FDIC Nod for Acquisitions
    Zacks

    BancorpSouth on Buyout Spree, Gets FDIC Nod for Acquisitions

    Federal Deposit Insurance Corporation gives the green light to BancorpSouth Bank (BXS) for completion of the proposed mergers with Van Alstyne Financial Corporation and Summit Financial Enterprises.

  • Business Wire

    Ameriprise Financial Earns Military Friendly® Employer Designation for Sixth Consecutive Year

    For the sixth year in a row, Ameriprise Financial (AMP) has been named a 2020 Military Friendly® Employer by VIQTORY, a company that connects the military community to civilian employment and educational opportunities. “At Ameriprise, we value all employees’ and advisors’ individual experiences, skills and differences,” said Kelli Hunter Petruzillo, executive vice president of Human Resources at Ameriprise. “Being named a Military Friendly Employer for the sixth year in a row speaks to the strong initiatives that we have in place to recruit, develop and retain talented people, including veterans.

  • Ameriprise Benefits From Restructuring Efforts Amid Outflows
    Zacks

    Ameriprise Benefits From Restructuring Efforts Amid Outflows

    Focus on core operations, a strong balance sheet and efforts to improve revenues are likely to aid Ameriprise (AMP). Yet, significant asset outflows and mounting expenses remain on the downside.

  • Top Ranked Income Stocks to Buy for August 15th
    Zacks

    Top Ranked Income Stocks to Buy for August 15th

    Top Ranked Income Stocks to Buy for August 15th

  • Qudian (QD) to Report Q2 Earnings: What's in the Cards?
    Zacks

    Qudian (QD) to Report Q2 Earnings: What's in the Cards?

    Higher loan origination volume is likely to positively impact Qudian's (QD) second-quarter 2019 results.

  • Top Ranked Income Stocks to Buy for August 14th
    Zacks

    Top Ranked Income Stocks to Buy for August 14th

    Top Ranked Income Stocks to Buy for August 14th

  • Are You Looking for a High-Growth Dividend Stock? Ameriprise Financial Services (AMP) Could Be a Great Choice
    Zacks

    Are You Looking for a High-Growth Dividend Stock? Ameriprise Financial Services (AMP) Could Be a Great Choice

    Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Ameriprise Financial Services (AMP) have what it takes? Let's find out.

  • Are Investors Undervaluing Ameriprise Financial Services (AMP) Right Now?
    Zacks

    Are Investors Undervaluing Ameriprise Financial Services (AMP) Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • OceanFirst (OCFC) to Acquire Two River Bancorp & Country Bank
    Zacks

    OceanFirst (OCFC) to Acquire Two River Bancorp & Country Bank

    OceanFirst (OCFC) signs two merger agreements with Two River Bancorp and Country Bank for $182.8 million and $102.2 million, respectively.

  • TD Ameritrade Displays Solid Top-Line Strength: Time to Hold?
    Zacks

    TD Ameritrade Displays Solid Top-Line Strength: Time to Hold?

    TD Ameritrade (AMTD) appears to be a promising bet, riding on robust fundamentals and long-term growth opportunities. However, elevated expenses are a concern.

  • Top Ranked Income Stocks to Buy for August 12th
    Zacks

    Top Ranked Income Stocks to Buy for August 12th

    Top Ranked Income Stocks to Buy for August 12th

  • Why AllianceBernstein (AB) is Worth Adding to Your Portfolio
    Zacks

    Why AllianceBernstein (AB) is Worth Adding to Your Portfolio

    AllianceBernstein Holding (AB) benefits from robust fundamentals and long-term opportunities, which make it a safe pick.

  • Why Federated (FII) is Worth Adding to Your Portfolio Now
    Zacks

    Why Federated (FII) is Worth Adding to Your Portfolio Now

    Federated Investors (FII) benefits from robust fundamentals and long-term opportunities, which make it a safe pick.

  • Affiliated Managers (AMG) to Sell Stake in BlueMountain
    Zacks

    Affiliated Managers (AMG) to Sell Stake in BlueMountain

    Affiliated Managers (AMG) to sell its majority stake in the alternative asset manager, BlueMountain, to Assured Guaranty.

  • Top Ranked Income Stocks to Buy for August 1st
    Zacks

    Top Ranked Income Stocks to Buy for August 1st

    Top Ranked Income Stocks to Buy for August 1st

  • Thomson Reuters StreetEvents

    Edited Transcript of AMP earnings conference call or presentation 25-Jul-19 1:00pm GMT

    Q2 2019 Ameriprise Financial Inc Earnings Call