IMPORTANT DISCLAIMER: Blank Capital Research ("BCR") is a technology platform, not a registered investment advisor or broker-dealer. The algorithmically generated signals, scores, and rankings provided on this site ("God Mode" Signals) are for informational and research purposes only and do not constitute financial advice, investment recommendations, or an offer to sell or solicit an offer to buy any securities.
HYPOTHETICAL PERFORMANCE RESULTS: The "timing scores" and "regime signals" displayed are based on quantitative models. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity.
RISK OF LOSS: Trading in financial markets involves a high degree of risk and may result in the loss of your entire investment. Data provided by third-party sources (Intrinio, Snowflake) is believed to be reliable but is not guaranteed for accuracy or completeness. Past performance is not indicative of future results.
AMP Stock Analysis: Hold (Score 52.9/100) | Blank Capital Research | Blank Capital Research
AMP
AMERIPRISE FINANCIAL INC
$446.34
-6.56 (-1.45%)
Score52.9
Data as of Apr 6, 2026
AMP
AMERIPRISE FINANCIAL INC
FinancialsTrading
$446.34
-6.56 (-1.45%)
Open $449.13High $449.82Low $441.26Prev $452.90Vol ---52W: $396.14 – $550.18
Hold
Composite score
01234567890123456789.0123456789
Global rank
#1,244
Percentile
Top 28%
Business quality
71st
percentile
Exceptional capital efficiency and structural profitability. This enterprise generates superior returns on invested capital compared to industry peers.
Relative valuation derived from Financials sector median benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Multiples adjusted for extreme outliers and non-recurring volatility.
Auditing capital efficiency...
Quality Profile Audit
Score: 71.3GRADE B+
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation.
Return on Equity
Profit generated per dollar of shareholder equity
46.8%
Sector: 8.5%
Dividend Analysis audit
No Dividend
This company does not currently pay a dividend.
Analyst Projections
Analyst Consensus
Unlock Valuation Tools
Sign up for free access to institutional-quality research tools.
Based on our 6-factor quantitative model, AMERIPRISE FINANCIAL INC (AMP) receives a "Hold" rating with a composite score of 52.9/100, ranked #1244 out of 4446 stocks. Key factor scores: Quality 71/100, Value 75/100, Momentum 35/100. This is quantitative analysis only — not investment advice.
AMERIPRISE FINANCIAL INC (AMP) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does AMERIPRISE FINANCIAL INC Do?
Ameriprise Financial, Inc., through 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 and advice, and investment products to retail, high net worth, and institutional clients through unaffiliated third-party financial institutions and institutional sales force. This segment products also 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 to individual clients, as well as life and DI 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. AMERIPRISE FINANCIAL INC (AMP) is classified as a large-cap stock in the Financials sector, specifically within the Trading industry. The company is led by CEO James M. Cracchiolo and employs approximately 13,500 people, headquartered in Boston, Minnesota. With a market capitalization of $39.6B, AMP is one of the prominent companies in the Financials sector.
AMERIPRISE FINANCIAL INC (AMP) Stock Rating — Hold (April 2026)
As of April 2026, AMERIPRISE FINANCIAL INC receives a Hold rating with a composite score of 52.9/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.AMP ranks #1,244 out of 4,446 stocks in our coverage universe. Within the Financials sector, AMERIPRISE FINANCIAL INC ranks #380 of 891 stocks, placing it in the upper half of its Financials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
AMP Stock Price and 52-Week Range
AMERIPRISE FINANCIAL INC (AMP) currently trades at $446.34. The stock lost $6.56 (1.4%) in the most recent trading session. The 52-week high for AMP is $550.18, which means the stock is currently trading -18.9% from its annual peak. The 52-week low is $396.14, putting the stock 12.7% above its annual trough. Recent trading volume was 622K shares, suggesting relatively thin trading activity.
Is AMP Overvalued or Undervalued? — Valuation Analysis
AMERIPRISE FINANCIAL INC (AMP) carries a value factor score of 75/100 in the Blank Capital model, suggesting the stock trades at a meaningful discount to its fundamental earning power. The trailing price-to-earnings ratio is 12.78x, compared to the Financials sector average of 14.88x — a discount of 14%. The price-to-book ratio stands at 5.98x, versus the sector average of 1.22x. The price-to-sales ratio is 2.13x, compared to 0.90x for the average Financials stock. On an enterprise value basis, AMP trades at 8.98x EV/EBITDA, versus 3.26x for the sector.
Based on these multiples, AMERIPRISE FINANCIAL INC appears attractively valued relative to both its sector peers and the broader market. Value-oriented investors may find the current entry point compelling, particularly if the company's fundamental quality metrics also score well.
AMERIPRISE FINANCIAL INC Profitability — ROE, Margins, and Quality Score
AMERIPRISE FINANCIAL INC (AMP) earns a quality factor score of 71/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 46.8%, compared to the Financials sector average of 8.5%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at 1.6% versus the sector average of 1.2%.
On a margin basis, AMERIPRISE FINANCIAL INC reports gross margins of 100.0%. The operating margin is 23.7% (sector: 21.8%). Net profit margin stands at 16.6%, versus 17.7% for the average Financials stock. Revenue growth is running at 11.4% on a trailing basis, compared to 9.4% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
AMP Debt, Balance Sheet, and Financial Health
AMERIPRISE FINANCIAL INC has a debt-to-equity ratio of 2815.0%, compared to the Financials sector average of 121.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 1.04x, suggesting adequate working capital coverage. Total debt on the balance sheet is $5.68B. Cash and equivalents stand at $9.76B.
AMP has a beta of 1.15, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for AMERIPRISE FINANCIAL INC is 76/100, indicating low-volatility characteristics and consistent price behavior that appeals to risk-averse investors.
AMERIPRISE FINANCIAL INC Revenue and Earnings History — Quarterly Trend
In TTM 2026, AMERIPRISE FINANCIAL INC reported revenue of $18.42B and earnings per share (EPS) of $36.85. Net income for the quarter was $3.07B. Gross margin was 100.0%. Operating income came in at $4.36B.
In FY 2025, AMERIPRISE FINANCIAL INC reported revenue of $18.91B and earnings per share (EPS) of $36.85. Net income for the quarter was $3.56B. Revenue grew 5.5% year-over-year compared to FY 2024. Operating income came in at $4.93B.
In Q3 2025, AMERIPRISE FINANCIAL INC reported revenue of $4.89B and earnings per share (EPS) of $9.47. Net income for the quarter was $912M. Revenue grew 7.3% year-over-year compared to Q3 2024. Operating income came in at $1.28B.
In Q2 2025, AMERIPRISE FINANCIAL INC reported revenue of $4.49B and earnings per share (EPS) of $10.88. Net income for the quarter was $1.06B. Revenue grew 2.2% year-over-year compared to Q2 2024. Operating income came in at $1.47B.
Over the past 8 quarters, AMERIPRISE FINANCIAL INC has demonstrated a growth trajectory, with revenue expanding from $4.39B to $18.42B. Investors analyzing AMP stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
AMP Dividend Yield and Income Analysis
AMERIPRISE FINANCIAL INC (AMP) does not currently pay a dividend. This is common among growth-oriented companies in the Trading industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Financials dividend stocks may want to explore other Financials stocks or use the stock screener to filter by dividend yield.
AMP Momentum and Technical Analysis Profile
AMERIPRISE FINANCIAL INC (AMP) has a momentum factor score of 35/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 29/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 12/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
AMP vs Competitors — Financials Sector Ranking and Peer Comparison
Comparing AMP against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full AMP vs S&P 500 (SPY) comparison to assess how AMERIPRISE FINANCIAL INC stacks up against the broader market across all factor dimensions.
AMP Next Earnings Date
No upcoming earnings date has been announced for AMERIPRISE FINANCIAL INC (AMP) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy AMP? — Investment Thesis Summary
AMERIPRISE FINANCIAL INC presents a balanced picture with arguments on both sides. The quality score of 71/100 indicates above-average profitability and business fundamentals. The value score of 75/100 suggests attractive pricing relative to fundamentals. Momentum is weak at 35/100, a headwind for near-term performance. Low volatility (stability score 76/100) reduces downside risk.
In summary, AMERIPRISE FINANCIAL INC (AMP) earns a Hold rating with a composite score of 52.9/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on AMP stock.
We'll email you when stocks you follow change their composite rating.
Institutional Research Dossier
AMERIPRISE FINANCIAL INC (AMP) Deep Dive Analysis
Published on March 24, 2026
Action RatingHold
Sections
Executive Summary
We maintain a Hold rating on Ameriprise Financial (AMP). While the company exhibits strong profitability and trades at a seemingly attractive valuation relative to the financials sector, concerns regarding its negative free cash flow and relatively weak momentum scores temper our enthusiasm. The company's high ROE and revenue growth are positives, but the sustainability of these metrics in the face of potential economic headwinds and increasing competition warrants caution.
The primary driver of our Hold rating is the uncertainty surrounding AMP's capital allocation strategy, as evidenced by its negative free cash flow. While the company's Advice & Wealth Management segment provides a stable revenue stream, the overall financial picture is complicated by the capital-intensive nature of its operations and the potential for increased regulatory scrutiny. We believe a wait-and-see approach is warranted until AMP demonstrates a consistent ability to generate positive free cash flow and navigate the evolving regulatory landscape.
Business Strategy & Overview
Ameriprise Financial operates through four key segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other. The Advice & Wealth Management segment is the cornerstone of AMP's business, providing financial planning, brokerage services, and investment advisory accounts to a diverse client base. This segment benefits from recurring revenue streams and strong client relationships, contributing significantly to the company's overall profitability. The Asset Management segment focuses on providing investment management and advice to retail, high-net-worth, and institutional clients, offering a range of investment products including mutual funds, ETFs, and separately managed accounts.
The Retirement & Protection Solutions segment offers variable annuity products and life and disability insurance, catering to individual clients seeking retirement income and risk management solutions. This segment is subject to regulatory changes and market volatility, which can impact product demand and profitability. The Corporate & Other segment includes corporate-level activities and investments. AMP's strategic positioning centers on providing comprehensive financial solutions to its clients, leveraging its established brand and extensive advisor network. The company's focus on financial planning and advice differentiates it from pure-play asset managers and brokerage firms.
Ameriprise's business model relies heavily on its advisor network, which serves as the primary distribution channel for its products and services. The company invests in technology and training to support its advisors and enhance their ability to serve clients effectively. AMP also focuses on strategic acquisitions and partnerships to expand its product offerings and geographic reach. The company's revenue is generated through a combination of advisory fees, commissions, and asset management fees. The profitability of each segment is influenced by factors such as market performance, interest rates, and regulatory changes.
In the current industry context, Ameriprise faces increasing competition from both traditional financial institutions and fintech companies. The rise of robo-advisors and online brokerage platforms has put pressure on fees and commissions, requiring AMP to adapt its business model and enhance its value proposition. The company is also subject to regulatory scrutiny, particularly in the areas of investment advice and annuity sales. Despite these challenges, Ameriprise's established brand, extensive advisor network, and comprehensive product offerings provide a solid foundation for future growth.
Execution Benchmarks audit
Revenue Growth
YOY expansion rate
11.4%
Sector: 9.4%
+22% VS SCTR
Economic Moat Analysis
Ameriprise Financial possesses a narrow economic moat, primarily derived from its established brand and extensive advisor network. The company's brand recognition and reputation for providing financial planning services create a level of trust and credibility that is difficult for new entrants to replicate. This brand intangible asset allows Ameriprise to attract and retain clients, providing a competitive advantage in the wealth management industry. The company's advisor network, comprising thousands of financial advisors, serves as a key distribution channel and a source of client relationships. These advisors provide personalized advice and guidance, fostering client loyalty and generating recurring revenue streams.
Switching costs also contribute to Ameriprise's narrow moat. Clients who have established long-term financial plans and investment strategies with Ameriprise advisors may be reluctant to switch to a competitor, due to the time and effort required to transfer accounts and re-establish relationships. However, these switching costs are not insurmountable, as clients can easily move their assets to other wealth management firms or utilize online brokerage platforms. The absence of significant network effects limits the strength of Ameriprise's moat. While the company's advisor network benefits from scale, the value of the network to individual clients does not increase significantly as more clients join.
Ameriprise does not possess significant cost advantages or efficient scale. The wealth management industry is characterized by high operating costs, including advisor compensation, technology investments, and regulatory compliance expenses. While Ameriprise benefits from economies of scale, these advantages are not substantial enough to create a wide moat. The company's profitability is more dependent on market performance and client asset growth than on cost efficiencies. The narrow moat is further constrained by the increasing competition from fintech companies and the commoditization of investment products and services.
While Ameriprise's brand and advisor network provide a competitive edge, the company's moat is not as strong as those of companies with wider moats based on network effects or structural cost advantages. The company's ability to maintain its narrow moat will depend on its continued investment in its brand, advisor network, and technology platform, as well as its ability to adapt to the evolving needs of its clients and the changing competitive landscape. The increasing transparency and accessibility of financial information may erode the value of traditional financial advice, posing a threat to Ameriprise's moat over the long term.
Financial Health & Profitability
Ameriprise Financial demonstrates a mixed financial profile. The company's revenue has shown consistent growth, with TTM revenue reaching $18.91 billion, up from $17.93 billion in FY2024 and $16.10 billion in FY2023. This growth is indicative of the company's ability to attract and retain clients, as well as its success in expanding its product offerings. Net income has also increased, reaching $3.56 billion for the TTM period, compared to $3.40 billion in FY2024 and $2.56 billion in FY2023. The company's operating margin remains strong, at 23.7% for the TTM period, slightly lower than FY2024's 27.5% but higher than FY2023's 23.6%. This indicates efficient cost management and a healthy level of profitability.
However, Ameriprise's free cash flow is a cause for concern. The company reported negative free cash flow of -$855 million for the TTM period. This negative FCF raises questions about the company's ability to fund its operations and investments without relying on external financing. The company's balance sheet shows a healthy cash position, with $9.76 billion in total cash, but also a significant amount of debt, at $5.68 billion. The company's current ratio of 1.04 indicates adequate liquidity to meet its short-term obligations.
Ameriprise's return on equity (ROE) is exceptionally high, at 46.8%, significantly exceeding the sector average of 8.5%. This indicates that the company is effectively utilizing its equity to generate profits. However, the company's debt-to-equity ratio is also very high, at 2,815.00, far exceeding the sector average of 115.00. This high leverage could amplify the company's financial risk, particularly in a downturn. Compared to the sector, Ameriprise exhibits higher revenue growth (11.4% vs. 9.3%) and a comparable net margin (16.6% vs. 17.8%).
Analyzing the quarterly financial history reveals a consistent trend of revenue and net income growth. However, the fluctuations in operating margin suggest potential volatility in the company's profitability. The absence of free cash flow data in the quarterly reports makes it difficult to assess the company's cash flow generation on a quarterly basis. Overall, Ameriprise's financial health is characterized by strong profitability and revenue growth, but also by negative free cash flow and high leverage. The sustainability of the company's financial performance will depend on its ability to improve its cash flow generation and manage its debt levels effectively.
Valuation Assessment
Ameriprise Financial's valuation presents a mixed picture. The company's price-to-earnings (P/E) ratio of 11.9x is lower than the financials sector average of 15.5x, suggesting that the stock may be undervalued relative to its peers. Similarly, the company's EV/EBITDA ratio of 2.0x is significantly lower than the sector average of 3.5x, further indicating potential undervaluation. However, these valuation metrics should be considered in the context of the company's negative free cash flow and high leverage.
The company's high ROE of 46.8% could justify a higher valuation multiple, but the sustainability of this ROE is uncertain, given the company's high debt levels and the potential for increased competition. The company's revenue growth of 11.4% is a positive factor, but the market may be discounting the stock due to concerns about its cash flow generation and capital allocation strategy. A discounted cash flow (DCF) analysis would be necessary to determine the intrinsic value of the stock, but the negative free cash flow makes this analysis challenging.
Compared to its historical valuation, Ameriprise's current P/E ratio is within its historical range, but the company's negative free cash flow is a departure from its historical performance. The market may be waiting for the company to demonstrate a consistent ability to generate positive free cash flow before assigning a higher valuation multiple. The company's high debt levels also contribute to the uncertainty surrounding its valuation. A higher debt burden increases the company's financial risk and reduces its flexibility to pursue growth opportunities.
Overall, Ameriprise's valuation appears attractive based on its P/E and EV/EBITDA ratios, but the company's negative free cash flow and high leverage warrant caution. The stock may be fairly valued, given the risks and uncertainties surrounding its financial performance. A more conservative valuation approach is warranted until the company demonstrates a consistent ability to generate positive free cash flow and manage its debt levels effectively. The market's perception of the company's capital allocation strategy will play a key role in determining its future valuation.
Risk & Uncertainty
Ameriprise Financial faces several key risks and uncertainties. Regulatory risk is a significant concern, as the company operates in a highly regulated industry. Changes in regulations related to investment advice, annuity sales, and insurance products could negatively impact the company's revenue and profitability. Increased regulatory scrutiny could also lead to higher compliance costs and potential legal liabilities. Market risk is another important factor, as the company's revenue and profitability are sensitive to market performance. A decline in equity markets or a rise in interest rates could reduce client asset values and decrease advisory fees.
Competition is also a major risk, as the wealth management industry is becoming increasingly competitive. The rise of robo-advisors and online brokerage platforms has put pressure on fees and commissions, requiring Ameriprise to adapt its business model and enhance its value proposition. The company also faces competition from traditional financial institutions and other wealth management firms. Concentration risk is present, as the company's Advice & Wealth Management segment accounts for a significant portion of its revenue and profitability. A decline in the performance of this segment could have a material adverse impact on the company's overall financial results.
Leverage risk is a concern, given the company's high debt-to-equity ratio. A high debt burden increases the company's financial risk and reduces its flexibility to pursue growth opportunities. The company's ability to service its debt obligations could be negatively impacted by a decline in its earnings or cash flow. The negative free cash flow also poses a risk, as it raises questions about the company's ability to fund its operations and investments without relying on external financing. A prolonged period of negative free cash flow could lead to a deterioration in the company's financial condition.
Bulls Say / Bears Say
The Bull Case
BULL VIEWAmeriprise's strong brand and extensive advisor network provide a competitive advantage in the wealth management industry, allowing it to attract and retain clients and generate recurring revenue streams.
BULL VIEWThe company's high ROE and revenue growth demonstrate its ability to effectively utilize its equity and expand its business, suggesting potential for future earnings growth.
BULL VIEWAmeriprise's attractive valuation relative to the financials sector, as indicated by its low P/E and EV/EBITDA ratios, presents an opportunity for investors to capitalize on potential undervaluation.
The Bear Case
BEAR VIEWAmeriprise's negative free cash flow raises concerns about its ability to fund its operations and investments without relying on external financing, potentially limiting its growth prospects.
BEAR VIEWThe company's high debt-to-equity ratio increases its financial risk and reduces its flexibility to pursue growth opportunities, making it vulnerable to economic downturns.
BEAR VIEWIncreasing competition from fintech companies and regulatory changes in the wealth management industry could erode Ameriprise's profitability and market share, negatively impacting its long-term performance.
About the Author
Marques Blank
Founder & Chief Investment Officer, Blank Capital
Marques brings 15 years of institutional finance and investing experience, having overseen financial planning for a $1.6B defense business unit. He developed the proprietary 6-factor quantitative model used to score AMP and 4,400+ other equities.
AMERIPRISE FINANCIAL INC exhibits a 172% valuation premium relative to institutional benchmarks. This represents a potential valuation overextension based on current multiples.
Return on Assets
Efficiency of asset utilization
1.6%
Sector: 1.2%
Gross Margin
Pricing power and cost efficiency
100.0%
Sector: 0.0%
Operating Margin
Core business profitability
23.7%
Sector: 21.8%
Net Margin
Bottom-line profitability
16.6%
Sector: 17.7%
Factor Methodology
The Quality factor evaluates the persistence and magnitude of cash flows. Companies with scores >70 exhibit superior competitive moats and financial resilience through economic cycles.
