Industry Overview - The Zacks Investment Management industry is experiencing growth driven by asset growth, digital transformation, evolving investment vehicles, deeper personalization, and strategic scale [1] - Investment managers, also known as asset managers, manage various financial investments for clients, providing diversification and reducing volatility impacts [3] Key Trends - Continued asset inflows are expected to drive AUM growth, with equity markets performing well and institutional interest increasing [4] - There is a notable rise in inflows into alternative investments, including index funds, private credit funds, and ETFs, alongside the growth of tokenized assets [5] - Mergers and acquisitions (M&As) are being utilized by firms to expand scale, cut costs, and enhance product diversification [6][7] - Elevated expenses due to regulatory compliance and technology upgrades are anticipated to impact profits, although investments in AI and digital platforms may improve margins in the long run [9][10] Industry Performance - The Zacks Investment Management industry ranks 58, placing it in the top 24% of 243 Zacks industries, indicating positive near-term prospects [11][12] - The industry's earnings estimates have been revised upward by 1.9% since April 2025, reflecting growing analyst confidence [13] Comparative Analysis - Over the past two years, the industry has underperformed the S&P 500 Index, gaining 33.9% compared to the S&P 500's 52% increase [15] - The industry's trailing 12-month price-to-tangible book (P/TB) ratio is 3.35X, significantly lower than the S&P 500's 12.55X, indicating a discount compared to the broader market [18][19] Company Highlights - **Ameriprise Financial (AMP)**: As of September 30, 2025, AMP's total AUM was $1.66 trillion, with a CAGR of 5.9% in net revenues over the last five years [27][28]. The company has been restructuring to improve profitability and has a Zacks Rank of 2 (Buy) [31] - **Invesco (IVZ)**: IVZ's AUM reached $2.1 trillion as of September 30, 2025, with a CAGR of 8.5% over the last five years [34]. The company has undertaken initiatives to improve efficiency and has a Zacks Rank of 1 (Strong Buy) [38] - **Affiliated Managers Group (AMG)**: AMG's total AUM was $803.6 billion as of September 30, 2025, with a recent shift towards private markets and liquid alternatives to counter revenue challenges [41][43]. The company also holds a Zacks Rank of 1 [45]

Core Insights - The article emphasizes the importance of utilizing Zacks Premium for investors to enhance their stock market strategies and confidence in investing [1][2] Zacks Style Scores - Zacks Style Scores are complementary indicators that rate stocks based on value, growth, and momentum methodologies, helping investors identify stocks likely to outperform the market in the next 30 days [3][4] - Each stock is rated from A to F, with A indicating the highest potential for outperformance [4] Value Score - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, and Price/Sales to find attractive investment opportunities [4] Growth Score - The Growth Score assesses a company's financial health and future outlook, analyzing projected and historical earnings, sales, and cash flow to identify sustainable growth stocks [5] Momentum Score - The Momentum Score identifies optimal times to invest based on price trends and earnings outlook, utilizing metrics like weekly price changes and monthly earnings estimate changes [6] VGM Score - The VGM Score combines the Value, Growth, and Momentum Scores, providing a comprehensive rating that highlights stocks with the best overall potential [7] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to help investors build successful portfolios, with 1 (Strong Buy) stocks historically yielding an average annual return of +23.93% since 1988, significantly outperforming the S&P 500 [8][9] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal returns [10] Stock Highlight: Ameriprise Financial Services (AMP) - Ameriprise Financial, headquartered in Minneapolis, has total assets under management of $1.58 trillion as of June 30, 2025, and holds a Zacks Rank of 2 (Buy) with a VGM Score of A [12] - The company is projected to experience year-over-year earnings growth of 11.4% for the current fiscal year, supported by positive earnings estimate revisions and an average earnings surprise of +3.4% [13]

Core Viewpoint - Ameriprise Financial, Inc. has been recognized as a 2026 Military Friendly® Employer for its commitment to creating an inclusive work environment for military community members, marking the twelfth consecutive year of receiving this distinction [1] Company Summary - Ameriprise Financial, Inc. has been acknowledged for its efforts in supporting the military community through employment opportunities [1] - The recognition is awarded by VIQTORY, an organization dedicated to connecting military personnel with civilian employment and educational opportunities [1]

Core Viewpoint - Growth investors are attracted to stocks with above-average financial growth, but identifying such stocks can be challenging due to their inherent risks and volatility [1] Group 1: Growth Stock Identification - The Zacks Growth Style Score helps identify promising growth stocks by analyzing real growth prospects beyond traditional metrics [2] - Ameriprise Financial Services (AMP) is currently recommended due to its favorable Growth Score and top Zacks Rank [2] Group 2: Earnings Growth - Earnings growth is crucial for attracting investor attention, with double-digit growth being particularly desirable [3] - Ameriprise has a historical EPS growth rate of 18.1%, with a projected EPS growth of 11.3% this year, surpassing the industry average of 8.7% [4] Group 3: Cash Flow Growth - Higher-than-average cash flow growth is essential for growth-oriented companies, allowing them to expand without relying on external funding [5] - Ameriprise's year-over-year cash flow growth is 7.9%, exceeding the industry average of 5% [5] - The company's annualized cash flow growth rate over the past 3-5 years is 7.3%, compared to the industry average of 5.4% [6] Group 4: Earnings Estimate Revisions - Positive trends in earnings estimate revisions correlate strongly with near-term stock price movements [7] - There have been upward revisions in Ameriprise's current-year earnings estimates, with a 0.5% increase in the Zacks Consensus Estimate over the past month [8] Group 5: Overall Assessment - Ameriprise holds a Zacks Rank of 2 and a Growth Score of B, indicating its potential as an outperformer and a solid choice for growth investors [10]

Core Insights - QIAGEN has launched QIAsymphony Connect, an advanced automated nucleic acid purification platform, at the AMP 2025 meeting, aimed at enhancing liquid biopsy applications [1][2][3] Product Innovations - QIAsymphony Connect builds on over 3,000 placements of its predecessor and is designed for improved speed, sample traceability, and digital connectivity [2][5] - The platform features superior extraction performance, higher throughput (up to 50% more samples), optimized workflows for high-sensitivity oncology applications, full sample traceability, and seamless connectivity with laboratory information management systems (LIMS) [6][5] Strategic Partnerships - QIAGEN is showcasing its partnerships in precision oncology, including a collaboration with Myriad Genetics to develop a homologous recombination deficiency (HRD) assay for cancer profiling [3][5][12] - The QIAseq xHYB HRD Panel can be combined with the QIAseq xHYB CGP Panel for comprehensive genomic profiling, analyzing 724 cancer-relevant genes and key therapy biomarkers [9][12] Market Positioning - The introduction of QIAsymphony Connect reflects QIAGEN's commitment to advancing sample technologies and supporting laboratories in processing complex samples with greater precision and speed [4][5] - QIAGEN's presence at AMP 2025 emphasizes its leadership in providing Sample to Insight solutions for both research and clinical applications [3][4]

Financial Performance - Ameriprise Financial reported net income of $2,555 million for the nine months ended September 30, 2025, compared to $2,330 million for the same period in 2024, reflecting a growth of 9.7%[270]. - Adjusted operating earnings for the same period increased to $2,815 million, up from $2,588 million, representing a growth of 8.8%[270]. - The company achieved adjusted operating earnings per diluted share of $28.46 for the nine months ended September 30, 2025, compared to $25.03 for the same period in 2024, marking a growth of 9.7%[270]. - Net income for the three months ended September 30, 2025, increased by $401 million, or 78%, to $912 million compared to $511 million in the prior year[281]. - Total revenues for the three months ended September 30, 2025, increased by $333 million, or 7%, to $4,893 million compared to $4,560 million in the prior year[281]. - Total revenues for the nine months ended September 30, 2025, increased by $587 million, or 4%, to $13.864 billion compared to the prior year period[340]. Assets Under Management - Assets under management, administration, and advisement reached $1.7 trillion as of September 30, 2025[260]. - Total Assets Under Management increased by $82.2 billion, or 7%, to $1.3 trillion as of September 30, 2025, compared to $1.2 trillion as of September 30, 2024[279]. - Advice & Wealth Management AUM rose by $81.2 billion, or 14%, driven by equity market appreciation and wrap account net inflows[279]. - Total client assets increased by $113.9 billion, or 11%, to $1.1 trillion as of September 30, 2025, primarily due to market appreciation and client net inflows[299]. - Total assets under management and advisement increased to $714.2 billion, up from $705.4 billion in 2024[319]. Operating Metrics - Adjusted operating return on equity was reported at 52.8% for the twelve months ended September 30, 2025, compared to 49.6% for the same period in 2024[273]. - The company expects adjusted operating earnings per diluted share growth of 12% to 15% going forward[271]. - The effective tax rate increased to 22.3% for the three months ended September 30, 2025, compared to 20.7% for the prior year period[294]. - The effective tax rate was 20.4% for the nine months ended September 30, 2025, compared to 20.0% for the prior year period[351]. Segment Performance - Adjusted operating earnings for the Advice & Wealth Management segment increased by $55 million, or 7%, to $881 million for the three months ended September 30, 2025[305]. - Adjusted operating earnings for the Asset Management segment increased by $15 million, or 6%, to $260 million for the three months ended September 30, 2025[321]. - The Retirement & Protection Solutions segment saw total revenues rise to $1.102 billion, a 13% increase from $973 million in 2024[324]. - Adjusted operating earnings for the Retirement & Protection Solutions segment surged by $99 million, or 84%, to $217 million for the three months ended September 30, 2025[325]. - The Corporate & Other segment reported an adjusted operating loss of $116 million, an improvement of $27 million compared to a loss of $143 million in 2024[331]. Expenses and Income - Management and financial advice fees increased by $238 million, or 9%, reflecting market appreciation and continued wrap account net inflows[285]. - Distribution expenses increased by $175 million, or 11%, primarily reflecting higher advisor compensation from increased wrap account assets[288]. - General and administrative expenses decreased by $57 million, or 50%, for the three months ended September 30, 2025, reflecting lower severance expenses and favorable impacts on share-based compensation[338]. - Net investment income decreased by $69 million, or 12%, to $485 million for the three months ended September 30, 2025, primarily due to lower average invested assets[307]. Shareholder Returns - Regular quarterly dividends paid to shareholders amounted to $461 million for the nine months ended September 30, 2025, up from $444 million in the prior year[415]. - The company repurchased 3.7 million shares of common stock at an average price of $512.03 per share during the nine months ended September 30, 2025[416]. - The company has authorized $4.5 billion for share repurchases through June 30, 2027, with $3.5 billion remaining as of September 30, 2025[416]. Market Conditions - The S&P 500 index showed a 16% increase in daily average and period-end values compared to the same quarter in 2024[276]. - The company anticipates continued impacts from market fluctuations and interest rate changes on its operations and financial performance[264].

Core Insights - Ameriprise Financial (AMP) shares have underperformed over the past year, losing approximately 11% of their value, which is particularly disappointing given the expected benefits from its wealth management unit amid rising market levels [1] Group 1 - The performance of Ameriprise Financial's stock is concerning, especially in the context of its wealth management unit's potential to thrive in a rising market [1] - The article highlights a macro view and stock-specific turnaround stories as a strategy for achieving outsized returns with a favorable risk/reward profile [1]

Core Insights - Ameriprise Financial (AMP) reported third-quarter 2025 adjusted operating earnings of $9.92 per share, exceeding the Zacks Consensus Estimate of $9.60, reflecting a 12.3% increase from the previous year [1][9] - The results were driven by higher revenues and a significant improvement in assets under management (AUM) and assets under administration (AUA), although increased expenses posed a challenge [1][3] Financial Performance - Adjusted operating total net revenues for the quarter were $4.61 billion, a 6% year-over-year increase, surpassing the Zacks Consensus Estimate [3][9] - Total GAAP net revenues reached $4.8 billion, marking a 9% increase year over year [3] - Adjusted operating expenses totaled $3.47 billion, up 4.8% year over year, compared to projected expenses of $3.27 billion [3] Assets Under Management - As of September 30, 2025, total AUM and AUA reached a record $1.66 trillion, reflecting a 7.9% increase year over year, surpassing the estimate of $1.55 trillion [4] Share Repurchase Activity - The company repurchased 1.4 million shares for $687 million during the reported quarter [5] Market Position and Outlook - Ameriprise is positioned for strong top-line growth due to its robust AUM balance and ongoing business restructuring initiatives, although elevated expenses, particularly from technology upgrades, may impact profitability [6]

Core Insights - Ameriprise added 90 financial advisors in Q3, marking an increase from the previous year [1] - UBS experienced a decline in advisor headcount in the Americas due to changes in compensation and buyout packages aimed at enhancing profitability [1] Group 1: Advisor Recruitment and Compensation - James Cracchiolo, CEO of Ameriprise, stated that the firm is attracting advisors through ongoing investments and its financial strength [2] - Ameriprise reported adding 71 advisors in Q3 2024, with a total advisor headcount of 10,427 as of January [3] - Cracchiolo noted a mix of "rational" and "irrational" recruiting offers in the market [3] - The firm has slightly increased pay packages to remain competitive while focusing on a full-service platform and technology investment [4][5] Group 2: Financial Performance - Ameriprise's total revenue rose by 4% to $4.3 billion, driven by asset growth and transactional sales, leading to a 78% increase in net earnings to $912 million [5] - The company's assets under management, administration, and advisement reached a record $1.7 trillion, with client assets increasing by 11% to $1.1 trillion [7] Group 3: Wealth Management Initiatives - Ameriprise launched a new wealth management platform, Signature Wealth, in June, which offers advisors a unified managed account for client portfolios [6]

Core Insights - Ameriprise Financial Services (AMP) reported a revenue of $4.61 billion for Q3 2025, marking a year-over-year increase of 6.1% and surpassing the Zacks Consensus Estimate by 2.01% [1] - The earnings per share (EPS) for the same quarter was $9.92, compared to $8.83 a year ago, representing a surprise of 3.33% over the consensus estimate of $9.60 [1] Financial Performance Metrics - Total Assets Under Management (AUM) stood at $1.27 billion, slightly below the average estimate of $1.28 billion [4] - Total Assets Under Administration reached $347.92 million, exceeding the average estimate of $334.57 million [4] - Combined Total Assets Under Management and Administration was $1.66 billion, above the average estimate of $1.62 billion [4] - Distribution fees revenue was $539 million, compared to the average estimate of $553.36 million, reflecting a year-over-year increase of 5.1% [4] - Net investment income was reported at $920 million, surpassing the average estimate of $833.84 million, but showing a year-over-year decline of 1.5% [4] - Premiums, policy, and contract charges revenue was $493 million, significantly higher than the estimated $373.8 million, indicating a year-over-year increase of 20.5% [4] - Other revenues totaled $130 million, slightly below the average estimate of $134.25 million, with a year-over-year change of -0.8% [4] - Management and financial advice fees revenue was $2.81 billion, exceeding the average estimate of $2.75 billion, representing a year-over-year increase of 9.3% [4] - Asset Management revenue was reported at $906 million, above the average estimate of $892.41 million, reflecting a year-over-year increase of 2.7% [4] - The stock of Ameriprise has returned -1.7% over the past month, while the Zacks S&P 500 composite has increased by 3.6% [3] - Ameriprise currently holds a Zacks Rank 2 (Buy), suggesting potential outperformance against the broader market in the near term [3]