Core Viewpoint - The article emphasizes the importance of value investing and highlights Ameriprise Financial (AMP) as a strong value stock based on various financial metrics [2][8]. Company Metrics - Ameriprise Financial (AMP) holds a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential for value investors [4]. - The stock has a P/E ratio of 13.46, significantly lower than the industry average of 17.41, suggesting it may be undervalued [4]. - AMP's Forward P/E has fluctuated between 10.63 and 15.63 over the past 52 weeks, with a median of 11.99 [4]. - The PEG ratio for AMP is 0.80, compared to the industry average of 0.95, indicating favorable growth expectations relative to its price [5]. - The P/S ratio for AMP is 3.08, lower than the industry average of 3.45, reinforcing the notion of undervaluation [6]. - AMP's P/CF ratio stands at 21.17, significantly below the industry average of 35.68, further suggesting it is undervalued based on cash flow [7]. - Overall, these metrics indicate that Ameriprise Financial is likely undervalued and presents an attractive investment opportunity [8].

Jacobs Solutions Inc. (J) has been selected by United Utilities, one of the largest listed water companies in the United Kingdom, to provide modeling support for water infrastructure during the asset management period (AMP8) from 2025 to 2030. The initial agreement is for five years with the possibility of extending it to a total of 11 years.Jacobs will offer water network and water quality modeling services across capital programs, asset management and operations. The company will collaborate with United U ...

Core Viewpoint - Ameriprise Financial Services reported a mixed performance in its Q3 2024 earnings, with adjusted operating earnings lagging behind estimates due to increased expenses, despite revenue growth and higher assets under management (AUM) and assets under administration (AUA) [2][4][5]. Financial Performance - Adjusted operating earnings for Q3 2024 were $8.83 per share, below the Zacks Consensus Estimate of $8.91, but up 15% from the previous year [2]. - Net income on a GAAP basis was $511 million or $5.00 per share, down from $872 million or $8.14 per share in the prior-year quarter [3]. - Adjusted total net revenues were $4.35 billion, an 11% increase year over year, surpassing the Zacks Consensus Estimate of $4.31 billion [4]. - Total GAAP net revenues reached $4.4 billion, reflecting a 12% year-over-year increase [5]. Expense and AUM Analysis - Adjusted operating expenses totaled $3.3 billion, rising 11% year over year, exceeding projected expenses of $3.05 billion [5]. - Total AUM and AUA increased by 22% year over year to $1.51 trillion, driven by strong client net inflows and market appreciation [5]. Share Repurchase Activity - The company repurchased 1.3 million shares for $563 million during the reported quarter [6]. Future Outlook - Management anticipates that net interest income in 2024 will be higher than in 2023 [7]. - Estimates for the stock have been trending downward, indicating a potential shift in investor sentiment [8][10]. Industry Comparison - Ameriprise operates within the Zacks Financial - Investment Management industry, where competitor Invesco reported revenues of $1.1 billion, a year-over-year increase of 0.6% [11]. - Invesco's expected earnings for the current quarter are $0.48 per share, reflecting a year-over-year change of 2.1% [12].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from_______________________to_______________________ Commission File No. 1-32525 AMERIPRISE FINANCIAL, INC. (Exact name of registrant as specified in its charter) | --- | ...

| --- | --- | |--------------------------------------------------------------------------|-------| | | | | Ameriprise Financial Third Quarter 2024 Conference Call October 24, 2024 | | | © 2024 Ameriprise Financial, Inc. All rights reserved. | | Forward-looking statements Some of the statements made in our October 23, 2024 earnings release and/or in this October 24, 2024 presentation constitute forward-looking statements. These statements reflect management's estimates, plans, beliefs and expectations, and s ...

Ameriprise Financial, Inc. (NYSE:AMP) Q3 2024 Earnings Call Transcript October 24, 2024 9:00 AM ET Company Participants Alicia Charity - Senior Vice President, Investor Relations Jim Cracchiolo - Chairman and Chief Executive Officer Walter Berman - Chief Financial Officer Conference Call Participants Suneet Kamath - Jefferies Alex Blostein - Goldman Sachs Wilma Burdis - Raymond James Steven Chubak - Wolfe Research Craig Siegenthaler - Bank of America Thomas Gallagher - Evercore ISI Kenneth Lee - RBC Capital ...

Ameriprise Financial’s (AMP) third-quarter 2024 adjusted operating earnings of $8.83 per share lagged the Zacks Consensus Estimate of $8.91. The bottom line reflected a rise of 15% from the year-ago quarter's level. Excluding severance expenses, the third-quarter adjusted operating earnings were $9.02 per share.See the Zacks Earnings Calendar to stay ahead of market-making news.Results were adversely impacted by an increase in expenses. However, revenue growth and higher assets under management (AUM) and as ...

Ameriprise Financial Services (AMP) reported $4.35 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 11.1%. EPS of $8.83 for the same period compares to $7.68 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $4.31 billion, representing a surprise of +0.86%. The company delivered an EPS surprise of -0.90%, with the consensus EPS estimate being $8.91.While investors closely watch year-over-year changes in headline numbers -- revenue a ...

Ameriprise Financial Services (AMP) came out with quarterly earnings of $8.83 per share, missing the Zacks Consensus Estimate of $8.91 per share. This compares to earnings of $7.68 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -0.90%. A quarter ago, it was expected that this financial services company would post earnings of $8.51 per share when it actually produced earnings of $8.53, delivering a surprise of 0.24%.Over the l ...

Ameriprise Financial, Inc. Minneapolis, MN NYSE: AMP October 23, 2024 | --- | --- | --- | --- | |---------------------------------------------------------------|---------|-----------------------------------------|---------------| | Earnings Per Diluted Share | Q3 2024 | Return on Equity, ex AOCI | (1) \nQ3 2024 | | GAAP | $5.00 | GAAP | 40.1% | | Adjusted Operating | $8.10 | Adjusted Operating | 49.6% | | Adjusted Operating, excluding unlocking and severance expense | $9.02 | Adjusted Operating, excluding u ...