Ameriprise Financial, Inc. (NYSE: AMP) announced on April 12, 2021, that it has signed a definitive agreement to acquire BMO Financial Group's EMEA asset management business for £615 million ($845 million). The all-cash transaction is expected to close in the fourth quarter of 2021, pending...
Ameriprise Financial, Inc. (NYSE: AMP) announced on September 29, 2026, that its Board of Directors has authorized an additional $5.5 billion for the repurchase of common shares through September 30, 2028. This new authorization builds upon existing capital available from a prior program, with approximately...
Ameriprise Financial's AMP reported second-quarter 2026 adjusted operating earnings of $11.07 per share, significantly beating the Zacks Consensus Estimate of $10.72 and representing a 22% increase from the prior-year quarter. On a GAAP basis, net income reached $1.11 billion or $11.98 per share, up from...
Assenagon Asset Management S.A. significantly reduced its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 62.6% during the first quarter, selling 132,397 shares and retaining a position worth approximately $35.16 million. While this major institutional investor exited a large portion of its holdings, several smaller entities...
Ameriprise Financial (AMP) has been a significant underperformer over the past year, losing approximately 11% of its value despite a broader market rally, particularly within the brokerage sector. An analyst argues that fears regarding AI-driven cash sweep revenue are exaggerated given the company's diversified business...
Ameriprise Financial (AMP) has increased its quarterly dividend to $1.70 per share from $1.60, resulting in an annualized payout of $6.80 and a forward yield near 1.44%. The company maintains a strong track record of growing its dividend at approximately 8% to 9% annually over...
Ameriprise Financial (NYSE:AMP) saw mixed institutional activity in the fourth quarter, led by Corient Private Wealth LLC raising its stake by 5.9% to 27,420 shares worth $13.4 million. Several smaller institutions also initiated new positions or significantly increased holdings, including SouthState Bank Corp growing its...
This article provides a detailed comparison of quarterly financial results and recruitment strategies between two major financial advisory firms, Raymond James Financial and Ameriprise Financial. While Raymond James reported robust net new asset growth of $23 billion in the second fiscal quarter ended March 31,...
Ameriprise Financial held its 2026 annual meeting of shareholders to report record-breaking results for the year ended 2025 and confirm unanimous approval of all management proposals, including the election of eight new directors and the ratification of PricewaterhouseCoopers as auditor. CEO Jim Cracchiolo highlighted that...
Ameriprise continues to invest approximately $1 billion annually in technology, focusing on automating routine tasks to enhance advisor productivity rather than chasing the latest AI headlines. Gerard Smyth, Ameriprise's head of technology and service delivery, emphasizes that the firm's strategy is grounded in return on...
The Securities and Exchange Commission announced that Ameriprise Financial Services agreed to settle charges regarding the mis-selling of higher-fee mutual funds to retirement savers. The regulator accused the Minneapolis-based firm of steering clients into expensive products when lower-cost options were available, thereby benefiting from higher...
Ameriprise Financial (AMP) recently presented at the Morgan Stanley US Financials Conference 2026 in New York, where management highlighted its strategic expansion into banking products. The company is actively developing certificates of deposit, planned home equity lines of credit (HELOCs), and checking accounts to diversify...
Ameriprise Financial stock is currently under investor scrutiny as the market awaits the company's next quarterly earnings report, which is expected in late July. With no new firm-specific headlines or regulatory filings released today, the primary focus remains on Wall Street's existing analyst consensus and...
AMP Limited is currently undergoing a significant transformation following its sale, with indicative bids largely received and the process moving into detailed due diligence. The company, which manages approximately $177 billion in assets, has seen its wealth platform perform well, though revenues from other business...
AMP Ltd (ASX: AMP) shares closed flat on Tuesday at $1.20, but the stock remains significantly underperforming this year, down 34.43% year-to-date and 7.69% over the past year. The majority of the decline occurred following the release of FY25 results in mid-February, which saw a...
Hsbc Holdings PLC increased its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 3.7% during the fourth quarter, purchasing an additional 21,017 shares to hold a total of 593,738 shares valued at approximately $291.6 million. This move represents about 0.65% of Ameriprise's outstanding stock. Several other...
Ameriprise Financial, Inc. (AMP) is paying a quarterly dividend of $1.70 per share, totaling an annual amount of $6.60. As of September 6, 2026, the stock trades at approximately $560.56, resulting in a current yield of 1.18%. The company has maintained a streak of dividend...
