Ameriprise Financial, Inc. (AMP) Hits Fresh High: Is There Still Room to Run?

A strong stock as of late has been Ameriprise Financial Services (AMP). Shares have been marching higher, with the stock up 8.8% over the past month. The stock hit a new 52-week high of $553.82 in the previous session. Ameriprise has gained 12.6% since the start of the year compared to the 7.6% gain for the Zacks Finance sector and the -5.8% return for the Zacks Financial - Investment Management industry.

What's Driving the Outperformance?

The stock has a great record of positive earnings surprises, having beaten the Zacks Consensus Estimate in each of the last four quarters. In its last earnings report on July 23, 2026, Ameriprise reported EPS of $11.07 versus consensus estimate of $10.72.

For the current fiscal year, Ameriprise is expected to post earnings of $46.12 per share on $19.91 in revenues. This represents a 17.23% change in EPS on a 9.56% change in revenues. For the next fiscal year, the company is expected to earn $51.45 per share on $21.2 in revenues. This represents a year-over-year change of 11.56% and 6.47%, respectively.

Valuation Metrics

Ameriprise may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.

On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.

Ameriprise has a Value Score of A. The stock's Growth and Momentum Scores are F and B, respectively, giving the company a VGM Score of B.

In terms of its value breakdown, the stock currently trades at 12X current fiscal year EPS estimates, which is not in-line with the peer industry average of 12.3X. On a trailing cash flow basis, the stock currently trades at 13.6X versus its peer group's average of 10.8X. Additionally, the stock has a PEG ratio of 0.74. This is good enough to put the company in the top echelon of all stocks we cover from a value perspective, making Ameriprise an interesting choice for value investors.

Zacks Rank

We also need to look at the Zacks Rank for the stock, as this is even more important than the company's VGM Score. Fortunately, Ameriprise currently has a Zacks Rank of #2 (Buy) thanks to a solid earnings estimate revision trend.

Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Ameriprise meets the list of requirements. Thus, it seems as though Ameriprise shares could have potential in the weeks and months to come.

How Does AMP Stack Up to the Competition?

Shares of AMP have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Invesco Ltd. (IVZ). IVZ has a Zacks Rank of #1 (Strong Buy) and a Value Score of B, a Growth Score of B, and a Momentum Score of C.

Earnings were strong last quarter. Invesco Ltd. beat our consensus estimate by 5.97%, and for the current fiscal year, IVZ is expected to post earnings of $2.81 per share on revenue of $5.37 billion.

Shares of Invesco Ltd. have gained 11.1% over the past month, and currently trade at a forward P/E of 11.01X and a P/CF of 4.1X.

The Financial - Investment Management industry is in the top 28% of all the industries we have in our universe, so it looks like there are some nice tailwinds for AMP and IVZ, even beyond their own solid fundamental situation.

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This article originally published on Zacks Investment Research (zacks.com).

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