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Ameriprise Financial, Inc. (AMP), headquartered in Minneapolis, Minnesota, operates as a financial planning and services firm. Valued at $51.7 billion by market cap, the company provides financial planning and products and services that are designed to be utilized as solutions for its clients' cash and liquidity, asset accumulation, income, protection, and estate and wealth transfer needs under the Columbia Threadneedle Investments brand. The leading diversified financial services firm is expected to announce its fiscal second-quarter earnings for 2025 on Wednesday, Jul. 23.
Ahead of the event, analysts expect AMP to report a profit of $8.99 per share on a diluted basis, up 5.4% from $8.53 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing the forecast on another occasion.
For the full year, analysts expect AMP to report EPS of $36.76, up 7% from $34.35 in fiscal 2024. Its EPS is expected to rise 7.6% year over year to $39.56 in fiscal 2026.
AMP stock has outperformed the S&P 500 Index’s ($SPX) 13.4% gains over the past 52 weeks, with shares up 25.2% during this period. However, it underperformed the Financial Select Sector SPDR Fund’s (XLF) 28% gains over the same time frame.
On Apr. 24, AMP shares closed up marginally after reporting its Q1 results. Its adjusted EPS of $9.50 topped Wall Street expectations of $9.12. The company’s adjusted revenue was $4.3 billion, falling short of Wall Street forecasts of $4.4 billion.
Analysts’ consensus opinion on AMP stock is moderately bullish, with a “Moderate Buy” rating overall. Out of 13 analysts covering the stock, five advise a “Strong Buy” rating, two suggest a “Moderate Buy,” five give a “Hold,” and one recommends a “Strong Sell.” While AMP currently trades above its mean price target of $528.54, the Street-high price target of $605 suggests an upside potential of 11.4%.
On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
