Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...

Ameriprise Financial, Inc. (AMP) is scheduled to report third-quarter 2024 results on Oct. 23, after market close. Its revenues and earnings are anticipated to have increased year over year. See the Zacks Earnings Calendar to stay ahead of market-making news. In the last reported quarter, AMP's earnings surpassed the Zacks Consensus Estimate. Results were aided by a rise in revenues and higher assets under management (AUM) and assets under administration (AUA) balances. However, increased expenses were an u ...

Analysts on Wall Street project that Ameriprise Financial Services (AMP) will announce quarterly earnings of $8.86 per share in its forthcoming report, representing an increase of 15.4% year over year. Revenues are projected to reach $4.3 billion, increasing 9.8% from the same quarter last year.Over the last 30 days, there has been an upward revision of 0.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their ...

Shares of Ameriprise Financial Services (AMP) have been strong performers lately, with the stock up 13.2% over the past month. The stock hit a new 52-week high of $490.24 in the previous session. Ameriprise Financial Services has gained 28.2% since the start of the year compared to the 18.1% move for the Zacks Finance sector and the 26% return for the Zacks Financial - Investment Management industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't ...

This is the official page of Croatian-American media personality Albert Anthony. Since 2023 he has been a contributor to global financial media portal Seeking Alpha, reaching +1MM investors worldwide & his content often averaging +25,000 views monthly. As an independent contributor, his content on the Seeking Alpha portal provides curated analysis of stocks trading on major US exchanges, with a strong focus on the financials and tech sector, and building a diversified dividend income portfolio, but also a f ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

Investors interested in Financial - Investment Management stocks are likely familiar with Ameriprise Financial Services (AMP) and Ares Management (ARES) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while o ...

Financial Performance - For the six months ended June 30, 2024, adjusted operating earnings were $1.76 billion, representing a growth from $1.61 billion in the same period of 2023[284]. - The adjusted operating earnings per diluted share for the six months ended June 30, 2024, was $16.92, compared to $14.70 for the same period in 2023, reflecting a growth of 15%[284]. - Total revenues for the six months ended June 30, 2024, increased by $865 million, or 11%, to $8,717 million compared to $7,852 million in the prior year[323]. - Total revenues for the three months ended June 30, 2024, were $4,392 million, an increase of $385 million, or 10%, compared to $4,007 million in the prior year[294]. - Total revenues for the three months ended June 30, 2024, increased by $342 million, or 14%, to $2,816 million compared to $2,474 million in the prior year[302]. - Total revenues for the six months ended June 30, 2024, were $5,555 million, an increase of $713 million, or 15%, compared to the prior year period[333]. Assets Under Management - As of June 30, 2024, Ameriprise Financial has $1.4 trillion in assets under management and administration[281]. - Total Assets Under Management (AUM) increased by $100.7 billion, or 10%, to $1.1 trillion as of June 30, 2024, compared to $1.0 trillion a year earlier[292]. - Advice & Wealth Management AUM rose by $80.0 billion, or 18%, driven by equity market appreciation and net inflows into wrap accounts[292]. - Total Assets Under Administration (AUA) increased by $50.4 billion, or 20%, to $298.4 billion, primarily due to equity market appreciation and growth in third-party money market funds[292]. - Total managed assets increased by $25.3 billion, or 4%, to $641.9 billion as of June 30, 2024, compared to $616.6 billion in the prior year[335]. Shareholder Equity and Capital Adequacy - Total Ameriprise Financial, Inc. shareholders' equity as of June 30, 2024, was $4.50 billion, up from $3.94 billion as of June 30, 2023[286]. - Available Capital for Capital Adequacy as of June 30, 2024, was $5.25 billion, down from $5.42 billion as of December 31, 2023[287]. - The company maintained $7.5 billion in cash and cash equivalents as of June 30, 2024, excluding CIEs and other restricted cash[352]. - The estimated borrowing capacity from the Federal Reserve was $12.3 billion as of June 30, 2024, with no outstanding obligations[352]. Earnings and Expenses - Adjusted operating earnings for the Advice & Wealth Management segment increased to $1,584 million for the six months ended June 30, 2024, from $1,424 million in the prior year[330]. - Total expenses increased by $420 million, or 15%, to $3,169 million, driven by higher distribution expenses and interest credited to fixed accounts[294]. - Distribution expenses for the six months ended June 30, 2024, increased by $395 million, or 16%, primarily due to higher advisor compensation[327]. - General and administrative expenses decreased by $24 million, or 3%, for the six months ended June 30, 2024, reflecting operational efficiency initiatives[340]. - The effective tax rate for the six months ended June 30, 2024, was 19.9%, compared to 19.5% for the prior year period[328]. Investment Performance - Net investment income rose by $110 million, or 14%, primarily due to growth in customer deposits and rising interest rates[298]. - Net investment income for the six months ended June 30, 2024, increased by $313 million, or 21%, primarily due to growth in customer deposits and higher average balances[326]. - Net investment income increased by $77 million, or 16%, for the three months ended June 30, 2024, driven by higher average invested assets and increasing short-term interest rates[303]. - Net investment income for the three months ended June 30, 2024, decreased by $29 million, or 38%, primarily due to a $12 million benefit in affordable housing partnerships in the prior year[319]. Market Conditions and Strategic Focus - The company continues to focus on strategic objectives amidst macroeconomic uncertainties, including interest rate fluctuations and market volatility[281]. - The daily average of the S&P 500 index increased by 25% from 4,207 in June 30, 2023, to 5,253 in June 30, 2024[290]. - The average yield for investment purchases during the six months ended June 30, 2024, was approximately 5.7%[368]. Corporate Actions and Future Outlook - As of June 30, 2024, the company had $2.1 billion remaining under its share repurchase authorization of $3.5 billion, which is valid through September 30, 2025[357]. - The company intends to fund share repurchases through existing excess capital and future free cash flow generation[357]. - The company has not recorded any Pillar Two tax liabilities based on current estimates and continues to monitor the adoption of related rules[353]. - The Federal Reserve Board's new consolidated capital framework for savings and loan holding companies will take effect on January 1, 2024, with reporting beginning in 2025[355].

Ameriprise Financial Second Quarter 2024 Conference Call July 25, 2024 © 2024 Ameriprise Financial, Inc. All rights reserved. Forward-looking statements Some of the statements made in our July 24, 2024 earnings release and/or in this July 25, 2024 presentation constitute forwardlooking statements. These statements reflect management's estimates, plans, beliefs and expectations, and speak only as of July 25, 2024. These forward-looking statements involve a number of risks and uncertainties. A list of certain ...

J. Michael Jones Minneapolis-headquartered Ameriprise Financial, Inc (NYSE:AMP) - itself spun out of American Express which then went on to acquire the long-term asset management business of Bank of America, among others - specializes in long-term financial planning services for affluent clients. Its earnings release for Q2 made on the 25th of July beat the Zack's Consensus Estimate of $8.51 per share by $0.02. However, revenue missed estimates by 0.35, posting revenues of $4.17 billion for the quarter. It ...