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what it is
Ameriprise helps people plan retirement, manage investments, and buy insurance through advisors.
how it gets paid
Last year Ameriprise Fin made $18.9B in revenue. Financial advice and planning was the main engine at $7.4B, or 39% of sales.
growth snapshot
Revenue was roughly flat last year at $18.9B. The 4.44% beat mattered because it cleared the $10.37 bar and kept the market from punishing a plain-vanilla quarter.
what just happened
Ameriprise posted $10.83 in EPS versus $10.37 expected.
At a glance
A balance sheet — strong enough to weather a downturn
25/100 earnings predictability — expect surprises
13.1x trailing p/e — the market's not buying it — or you found a deal
1.3% dividend yield — cash in your pocket every quarter
29.0% return on capital — every dollar works hard here
xvary composite: 66/100 — average
What they do
Ameriprise helps people plan retirement, manage investments, and buy insurance through advisors.
You are not buying a hot app. You are buying 10,000 advisors who sell plans and collect fees. That matters because $1.49T in owned, managed, and administered assets keeps the money flowing.
How they make money
$18.9B
annual revenue · their business grew +0.0% last year
Financial advice and planning
$7.4B
Asset management
$5.6B
Insurance
$3.1B
Banking and cash management
$1.8B
Corporate and other
$1.0B
The products that matter
financial advisor network
Advice & Wealth Management
~$10.4B · 55% of revenue
10,000+ financial advisors manage $900B+ in client assets here. revenue grew 7% last year, which tells you the advice engine is still the center of gravity.
55% of revenue
institutional asset management
Columbia Threadneedle
~$4.7B · 25% of revenue
this business manages $600B+ in AUM and generated roughly $4.7B of revenue. When markets rise, fee revenue gets a tailwind. When markets fall, the math works in reverse.
market-linked fees
insurance and annuities
Retirement & Protection
~$3.8B · 20% of revenue
it's the slowest-growing segment at +3%, but $3.8B of revenue still matters when the market gets noisy. This is the ballast, not the speedboat.
ballast
Key numbers
$606
target price
That is about 19% above $507.89. The market is calling it steady, not cheap.
$18.9B
annual revenue
That is the size of the machine. You are paying 13.1x earnings for a business already throwing off real cash.
28.5%
operating margin
For every $100 of revenue, Ameriprise keeps $28.50 before taxes and interest. That is a rich spread for a service business.
29.0%
return on capital
That means management turns invested money into profit at a 29.0% rate. Most businesses would kill for half that.
Financial health
A
strength
- balance sheet grade A — very strong financial position
- risk rank 3 — safer than 50% of stocks
- price stability 75 / 100
- long-term debt $5.7B (11% of capital)
- net profit margin 20.3% — keeps 20 cents of every dollar in revenue
- return on equity 54% — $0.54 profit for every $1 investors have put in
A with balance sheet grade and net profit margin standing out. your money faces less risk here than at most public companies.
Total return vs. market
You invested $10,000 in AMP 3 years ago → it's now worth $17,160.
The index would have given you $14,770.
source: institutional data · total return
What just happened
beat estimates
Ameriprise posted $10.83 in EPS versus $10.37 expected.
Revenue came in at $13.9B, and the stock-friendly part was the 4.44% EPS beat. The latest quarter in the source set also shows 177% EPS growth vs. prior year.
$13.9B
revenue
$10.83
eps
4.44%
surprise
the number that mattered
The 4.44% beat mattered because it cleared the $10.37 bar and kept the market from punishing a plain-vanilla quarter.
source: company earnings report, 2026
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What could go wrong
the #1 risk is equity-market sensitivity in advice and asset-management fees — when client assets fall, Ameriprise does not need to lose clients to feel pain. The fee base shrinks on contact.
med
market declines hit two segments at once
Advice & wealth is 55% of revenue and asset management is 25%. Both depend on asset values. A real drawdown would pressure a large majority of the $18.9B revenue base at the same time.
A market correction would squeeze fee income first and the stock multiple second. That is how a 13.1x stock still gets cheaper.
med
fee pressure is slow until it isn't
Low-cost competitors keep training clients to pay less for investment management. Columbia Threadneedle's active fees and traditional advisory pricing have held up, but industry pricing pressure never really leaves the room.
This is the kind of risk that trims margins over time rather than detonating a quarter.
med
advisor retention is the hidden operating metric
10,000+ advisors are the distribution network. If productive advisors leave, assets and client relationships can leave with them. That is more dangerous than a modest miss in quarterly revenue.
You would likely see the damage in asset flows and advice revenue before it shows up anywhere else.
The numbers are strong, but the business is not detached from the tape. In 2022, the stock fell from roughly $330 to $235 in five months. That is the trade: elite profitability paired with clear market exposure.
source: institutional data · regulatory filings · risk analysis
Pay attention to
next earnings
Q1 2026 earnings — expected late April 2026
Watch client asset levels, net inflows, and whether EPS still grows faster than revenue. If that spread narrows fast, the cheap multiple stops looking cheap.
the metric to track
advisor productivity and headcount
10,000+ advisors are the engine. More productive advisors mean more assets, more fees, and better margins. Shrinking advisor count would be a louder warning than a soft quarter.
risk to understand
how much of revenue moves with the market
Advice & wealth plus asset management make up 80% of revenue. That is the quiet part. The stock looks defensive on valuation and cyclical in practice.
valuation signal
13.1x earnings against 57% ROE
That gap is the entire bull case. If the business keeps compounding without a market break, the discount looks too wide. If earnings wobble with falling asset values, the market will say it was right all along.
Analyst rankings
short-term outlook
average
momentum score 3 — in human-speak, analysts see a stock moving with the market, not breaking away from it.
risk profile
average
stability score 3 means typical risk, not bunker-safe and not especially fragile.
chart momentum
bottom 5%
technical score 5 is the weakest ranking. In plain english: the chart looks worse than most stocks right now.
earnings predictability
25 / 100
Low predictability means the business can still be good while quarterly estimates stay noisy.
source: institutional data
Institutional activity
institutions have been net selling for 2 consecutive quarters — 552 buyers vs. 575 sellers in 3q2025. total institutional holdings: 80.9M shares. net selling for 2 quarters.
source: institutional data
Price targets
3-5 year target range
$410
$802
$508
current price
$606
target midpoint · +19% from current · 3-5yr high: $720 (+40% · 10% ann'l return)
Want the deeper analysis?
The full deep dive: dcf model, scenario analysis, competitive moat breakdown, and quarterly tracking — everything on this page, taken further.
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