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1. Company Snapshot

1.a. Company Description

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.

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1.b. Last Insights on AMP

Ameriprise Financial's recent performance was driven by strong Q3 earnings, beating expectations with $9.92 per share, fueled by higher revenues and record AUM growth. The company's wealth management segment showed strength, with disciplined cost control and robust share buybacks. Institutional investors, such as Assenagon Asset Management S.A. and Arrowstreet Capital Limited Partnership, increased their stakes in the company. Additionally, Ameriprise welcomed four experienced financial advisors managing nearly $300 million in client assets, further expanding its financial services capabilities.

1.c. Company Highlights

2. Ameriprise Delivers Strong Q4 Results with Revenue and EPS Growth

Ameriprise Financial reported a robust fourth quarter 2025, with adjusted operating revenue increasing 10% to $4.9 billion and earnings per share rising 16% to $10.83, surpassing analyst estimates of $10.34. The company's return on equity reached a record high of 53.2%. Assets under management, administration, and advisement grew 11% to $1.7 trillion, driven by strong client inflows and organic growth. The company's financial performance was characterized by a 6% revenue growth for the full year, with adjusted EPS increasing 12% and return on equity expanding 60 basis points.

Publication Date: Feb -02

📋 Highlights
  • Revenue & EPS Growth:: Adjusted operating revenue rose 10% to $4.9B, and EPS climbed 16% to $10.83 in Q4 2025.
  • Record Return on Equity:: ROE hit 53.2%, a company record, driven by strong operational efficiency.
  • Assets Under Management:: Total assets reached $1.7 trillion, up 11%, with Advice & Wealth Management assets surging 13% to $1.2T.
  • Wrap Business Expansion:: Wrap assets grew 17% to $670B, while adviser productivity increased 8% to $1.1M per adviser.
  • Capital Returns:: $1.1B returned to shareholders in Q4 (100% of operating earnings), and 88% of 2025 capital returned in dividends/buybacks.

Segment Performance

The Advice & Wealth Management segment saw total client assets rise 13% to $1.2 trillion, with client inflows of $13.3 billion, up 18%. The Wrap business grew strongly, with assets increasing 17% to $670 billion, and adviser productivity reached $1.1 million per adviser, up 8%. The company's investment in technology and product capabilities is driving organic growth, with a reasonable percentage of accounts opened on its Signature Wealth platform.

Capital Return and Balance Sheet

Ameriprise returned over 100% of operating earnings to shareholders in the quarter, with a total capital return of $1.1 billion. The balance sheet remained strong, with excess capital of $2.1 billion and holding company available liquidity of $2.2 billion. For the full year, the company returned $3.4 billion of capital to shareholders, demonstrating its commitment to shareholder returns.

Valuation and Outlook

With a Price-to-Book Ratio of 7.63 and Return on Equity of 58.14%, Ameriprise appears to be reasonably valued. Analysts estimate revenue growth of 4.5% for the next year, which is slightly lower than the company's long-term organic growth expectation of 4% to 5%. The company's expense growth algorithm is expected to be in the low single digits, considering inflation and other factors. The expected maintenance of AWM margins in the range of 29% to 30% in 2026 should support the company's profitability.

Growth Prospects

The company's strong organic growth, driven by new product capabilities and adviser productivity, positions it well for future growth. The bank channel saw a strong quarter, and Ameriprise continues to see opportunities for growth in this area. The company's investment in technology and product solutions is expected to drive long-term growth, with a focus on maintaining competitive TA rates as part of its recruiting packages.

3. NewsRoom

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Mediolanum International Funds Ltd Buys 8,927 Shares of Ameriprise Financial, Inc. $AMP

Feb -01

Source: defenseworld.net

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Mirae Asset Global Investments Co. Ltd. Purchases 1,581 Shares of Ameriprise Financial, Inc. $AMP

Feb -01

Source: defenseworld.net

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Welch & Forbes LLC Decreases Stock Holdings in Ameriprise Financial, Inc. $AMP

Jan -31

Source: defenseworld.net

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Ameriprise Financial, Inc. $AMP Shares Sold by Bank of New York Mellon Corp

Jan -30

Source: defenseworld.net

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Ameriprise Stock Gains on Q4 Earnings Beat as Revenues & AUM Grow Y/Y

Jan -29

Source: zacks.com

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Ameriprise Financial Inc (AMP) Q4 2025 Earnings Call Highlights: Record Growth in Revenue and Assets

Jan -29

Source: gurufocus.com

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Ameriprise Financial, Inc. (AMP) Q4 2025 Earnings Call Transcript

Jan -29

Source: seekingalpha.com

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Ameriprise (AMP) Reports Q4 Earnings: What Key Metrics Have to Say

Jan -29

Source: zacks.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.40%)

6. Segments

Advice & Wealth Management

Expected Growth: 5.0%

The growing demand for wealth management services and the ability to leverage digital platforms to reach more clients are expected to drive growth in this segment, slightly above the global average.

Retirement and Protection Solution

Expected Growth: 4.8%

The growing demand for retirement and protection products, driven by the aging population and increasing awareness of retirement planning, is expected to drive growth in this segment, slightly above the global average.

Asset Management

Expected Growth: 5.2%

The growing demand for asset management services, driven by institutional investors and the increasing popularity of passive investment products, is expected to drive growth in this segment, above the global average.

Corporate & Other

Expected Growth: 4.4%

The growth in this segment is expected to be in line with the global average, driven by the overall performance of the company's investments and the elimination of intersegment revenues.

Unallocated Non-Operating Revenue

Expected Growth: 4.0%

The growth in this segment is expected to be conservative, as it is not directly related to the core operations of the company, and is likely to be influenced by various miscellaneous revenue items.

Elimination of Intersegment Revenues

Expected Growth: 4.4%

The growth in this segment is expected to be in line with the global average, as the eliminations are directly related to the revenues of other segments, which are expected to grow at the global average rate.

7. Detailed Products

Wealth Management

Ameriprise Financial offers a comprehensive wealth management service that provides personalized financial planning, investment management, and wealth protection to individuals, families, and businesses.

Investment Products

Ameriprise Financial offers a range of investment products, including mutual funds, exchange-traded funds (ETFs), and variable universal life insurance, to help clients achieve their investment goals.

Insurance Services

Ameriprise Financial provides a range of insurance products, including life insurance, disability insurance, and long-term care insurance, to help clients protect their financial well-being.

Retirement and Estate Planning

Ameriprise Financial offers retirement and estate planning services to help clients plan for their retirement, create a lasting legacy, and ensure the distribution of their assets according to their wishes.

Brokerage Services

Ameriprise Financial provides brokerage services, including online trading, options trading, and margin lending, to help clients buy and sell securities, manage their investments, and achieve their financial goals.

Financial Planning

Ameriprise Financial offers comprehensive financial planning services to help clients create a personalized financial plan, set financial goals, and achieve financial independence.

8. Ameriprise Financial, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Ameriprise Financial, Inc. operates in a highly competitive industry, but the threat of substitutes is mitigated by the company's strong brand recognition and diversified product offerings.

Bargaining Power Of Customers

Ameriprise Financial, Inc. has a large and diversified customer base, which reduces the bargaining power of individual customers. Additionally, the company's products and services are often complex and require specialized knowledge, making it difficult for customers to switch to alternative providers.

Bargaining Power Of Suppliers

Ameriprise Financial, Inc. has a diversified supplier base, and the company is not heavily dependent on any single supplier. This reduces the bargaining power of suppliers and allows the company to negotiate favorable terms.

Threat Of New Entrants

The financial services industry is heavily regulated, and new entrants face significant barriers to entry, including high capital requirements and complex regulatory hurdles. This reduces the threat of new entrants to Ameriprise Financial, Inc.

Intensity Of Rivalry

The financial services industry is highly competitive, and Ameriprise Financial, Inc. faces intense competition from established players and new entrants. The company must continually innovate and differentiate its products and services to maintain its market position.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 54.89%
Debt Cost 7.12%
Equity Weight 45.11%
Equity Cost 10.70%
WACC 8.74%
Leverage 121.70%

11. Quality Control: Ameriprise Financial, Inc. passed 7 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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BNY Mellon

A-Score: 6.7/10

Value: 4.6

Growth: 6.4

Quality: 5.7

Yield: 5.0

Momentum: 9.0

Volatility: 9.7

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BlackRock

A-Score: 5.7/10

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Growth: 5.3

Quality: 7.9

Yield: 4.0

Momentum: 6.0

Volatility: 9.0

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Ameriprise Financial

A-Score: 5.7/10

Value: 4.4

Growth: 8.0

Quality: 7.6

Yield: 2.0

Momentum: 3.5

Volatility: 8.7

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Value: 1.1

Growth: 5.7

Quality: 5.5

Yield: 6.0

Momentum: 4.5

Volatility: 6.3

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Blackstone

A-Score: 4.8/10

Value: 0.3

Growth: 4.1

Quality: 7.4

Yield: 7.0

Momentum: 3.5

Volatility: 6.7

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KKR

A-Score: 4.5/10

Value: 2.9

Growth: 6.6

Quality: 6.3

Yield: 2.0

Momentum: 3.5

Volatility: 5.7

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

532.18$

Current Price

532.18$

Potential

-0.00%

Expected Cash-Flows