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Ameriprise (AMP) Reports Q3 Earnings: What Key Metrics Have to Say
ZACKS· 2024-10-23 23:01
Ameriprise Financial Services (AMP) reported $4.35 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 11.1%. EPS of $8.83 for the same period compares to $7.68 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $4.31 billion, representing a surprise of +0.86%. The company delivered an EPS surprise of -0.90%, with the consensus EPS estimate being $8.91.While investors closely watch year-over-year changes in headline numbers -- revenue a ...
Ameriprise Financial Services (AMP) Misses Q3 Earnings Estimates
ZACKS· 2024-10-23 22:26
Ameriprise Financial Services (AMP) came out with quarterly earnings of $8.83 per share, missing the Zacks Consensus Estimate of $8.91 per share. This compares to earnings of $7.68 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -0.90%. A quarter ago, it was expected that this financial services company would post earnings of $8.51 per share when it actually produced earnings of $8.53, delivering a surprise of 0.24%.Over the l ...
Ameriprise Financial(AMP) - 2024 Q3 - Quarterly Results
2024-10-23 20:11
Ameriprise Financial, Inc. Minneapolis, MN NYSE: AMP October 23, 2024 | --- | --- | --- | --- | |---------------------------------------------------------------|---------|-----------------------------------------|---------------| | Earnings Per Diluted Share | Q3 2024 | Return on Equity, ex AOCI | (1) \nQ3 2024 | | GAAP | $5.00 | GAAP | 40.1% | | Adjusted Operating | $8.10 | Adjusted Operating | 49.6% | | Adjusted Operating, excluding unlocking and severance expense | $9.02 | Adjusted Operating, excluding u ...
Ameriprise Financial Services (AMP) is a Great Momentum Stock: Should You Buy?
ZACKS· 2024-10-21 17:00
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...
Growth in AUM to Support Ameriprise This Earnings Season
ZACKS· 2024-10-21 13:01
Ameriprise Financial, Inc. (AMP) is scheduled to report third-quarter 2024 results on Oct. 23, after market close. Its revenues and earnings are anticipated to have increased year over year. See the Zacks Earnings Calendar to stay ahead of market-making news. In the last reported quarter, AMP's earnings surpassed the Zacks Consensus Estimate. Results were aided by a rise in revenues and higher assets under management (AUM) and assets under administration (AUA) balances. However, increased expenses were an u ...
Ameriprise (AMP) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
ZACKS· 2024-10-18 14:20
Analysts on Wall Street project that Ameriprise Financial Services (AMP) will announce quarterly earnings of $8.86 per share in its forthcoming report, representing an increase of 15.4% year over year. Revenues are projected to reach $4.3 billion, increasing 9.8% from the same quarter last year.Over the last 30 days, there has been an upward revision of 0.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their ...
Ameriprise Financial, Inc. (AMP) Hit a 52 Week High, Can the Run Continue?
ZACKS· 2024-10-07 14:16
Shares of Ameriprise Financial Services (AMP) have been strong performers lately, with the stock up 13.2% over the past month. The stock hit a new 52-week high of $490.24 in the previous session. Ameriprise Financial Services has gained 28.2% since the start of the year compared to the 18.1% move for the Zacks Finance sector and the 26% return for the Zacks Financial - Investment Management industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't ...
Ameriprise Financial: Advisor And Asset-Based Fees To Drive Further Growth While Costs Are Low
Seeking Alpha· 2024-10-07 14:03
This is the official page of Croatian-American media personality Albert Anthony. Since 2023 he has been a contributor to global financial media portal Seeking Alpha, reaching +1MM investors worldwide & his content often averaging +25,000 views monthly. As an independent contributor, his content on the Seeking Alpha portal provides curated analysis of stocks trading on major US exchanges, with a strong focus on the financials and tech sector, and building a diversified dividend income portfolio, but also a f ...
What Makes Ameriprise Financial Services (AMP) a Strong Momentum Stock: Buy Now?
ZACKS· 2024-10-03 17:01
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...
AMP vs. ARES: Which Stock Should Value Investors Buy Now?
ZACKS· 2024-10-02 16:46
Investors interested in Financial - Investment Management stocks are likely familiar with Ameriprise Financial Services (AMP) and Ares Management (ARES) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while o ...