Minneapolis, Minnesota-based Ameriprise Financial, Inc. (AMP) is a diversified financial services company operating in the United States and internationally. The company has a market cap of $50.4 billion and offers financial planning and advice services to individual and institutional clients.
Shares of Ameriprise Financial have lagged behind the broader market over the past year, growing 8.4% compared to the S&P 500 Index’s ($SPX) 18.7% surge. However, in 2026, the stock has grown by nearly 14.3%, outperforming the SPX’s 12.1% rise.
More Top Stocks Daily: Go behind Wall Street’s hottest headlines with Barchart’s Active Investor newsletter.
Looking into it further, the State Street Financial Select Sector SPDR ETF (XLF) has risen 8.6% over the past year, slightly outpacing the stock. In 2026, however, XLF has grown 6.4% and has underperformed the stock.
www.barchart.com On July 24, AMP stock rose 1.7% following the release of its impressive Q2 2026 earnings. The company’s revenue for the quarter rose 15.6% from the prior year’s quarter to $4.9 billion and surpassed the Street’s forecasts. Moreover, its adjusted EPS came in at $11.07, also topping Wall Street’s estimates. This growth was supported by assets in Ameriprise’s bank exceeding $25 billion, with lending growing 61% year-over-year, with new products like HELOCs and checking accounts introduced.
For the current year, which ends in December, analysts expect AMP’s EPS to grow 17.6% to $46.27 on a diluted basis. The company surpassed the consensus estimate in each of the last four quarters, which is impressive.
Among 15 Wall Street analysts covering AMP stock, the consensus is a “Moderate Buy.” That’s based on five “Strong Buy” ratings, two “Moderate Buys,” seven “Holds,” and one “Strong Sell.”
www.barchart.com The configuration has grown more bullish over the past months, with the stock now having five “Strong Buy” ratings, up from four recorded three months prior.
On Aug. 21, Raymond James analyst Wilma Burdis maintained a “Buy” rating for AMP stock and raised its price target from $582 to $638.
AMP’s mean price target of $582.54 offers a 4% upside compared to the current market price. Its Street-high target of $645 implies a 15.1% upside from current levels.
On the date of publication, Aritra Gangopadhyay 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.
More news from Barchart
Nasdaq Futures Rally on Blowout Nvidia Earnings, Fed’s Jackson Hole Summit in Focus Seagate vs. Western Digital: Which One is The Best AI Storage Play for Dividend Investors? Nvidia Reports $7.8 Billion in Q2 Gains on Equity Portfolio That Includes SpaceX, Intel, CoreWeave, and More Meta Platforms Almost Slashed 60% of Jobs in AI Push. What Comes Next for META Stock.