Investors with an interest in Financial - Investment Management stocks have likely encountered both Ameriprise Financial Services (AMP) and Ares Management (ARES) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank ...

Core Insights - Zacks Premium provides tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Industry Rank, Equity Research reports, and Premium stock screens [1][5] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market over a 30-day period [1][2] Zacks Style Scores Overview - Each stock is rated from A to F based on value, growth, and momentum characteristics, with A being the highest score indicating better chances of outperforming [2] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score [2][4] Value Score - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [2] Growth Score - The Growth Score assesses a company's financial health and future outlook by analyzing projected and historical earnings, sales, and cash flow [2] Momentum Score - The Momentum Score identifies optimal times to invest based on price trends and earnings estimate changes [3] VGM Score - The VGM Score combines all three Style Scores to highlight stocks with the best value, growth potential, and momentum [4] Zacks Rank Integration - The Zacks Rank utilizes earnings estimate revisions to guide investors in building successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988 [5] - Stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B are recommended for maximizing return potential [6] Company Spotlight: Ameriprise Financial Services (AMP) - Ameriprise Financial, headquartered in Minneapolis, MN, manages assets worth $1.42 trillion as of March 31, 2024 [7] - AMP holds a Zacks Rank of 3 (Hold) with a VGM Score of B and a Momentum Style Score of B, having seen a 1.4% increase in shares over the past four weeks [7] - Recent upward revisions in earnings estimates by six analysts have raised the Zacks Consensus Estimate for AMP to $34.95 per share, reflecting an average earnings surprise of 2% [7]

Financial Performance - For the first quarter of 2024, adjusted operating earnings were $878 million, compared to $798 million in the same period of 2023, reflecting a growth of approximately 10%[256] - The adjusted operating earnings per diluted share for Q1 2024 was $8.39, up from $7.25 in Q1 2023, representing a year-over-year increase of 15.7%[256] - Net income for the three months ended March 31, 2024, was $990 million, a significant increase of $573 million compared to $417 million in the prior year[267] - Total revenues for the three months ended March 31, 2024, were $4.325 billion, an increase of $480 million, or 12%, compared to $3.845 billion in the prior year[267] - Pretax income surged by $723 million, resulting in a total of $1.219 billion for the three months ended March 31, 2024, compared to $496 million in the prior year[268] - The effective tax rate for the three months ended March 31, 2024, was 18.8%, up from 15.9% in the prior year period, primarily due to higher pretax income and a decrease in foreign tax credits[273] Assets Under Management - As of March 31, 2024, Ameriprise Financial has $1.4 trillion in assets under management and administration[253] - Total Assets Under Management (AUM) increased by $126.1 billion, or 13%, to $1.1 trillion as of March 31, 2024, compared to $1.0 trillion as of March 31, 2023[263] - Advice & Wealth Management AUM rose by $86.7 billion, or 20%, to $518.1 billion, while Asset Management AUM increased by $44.4 billion, or 7%, to $652.1 billion[264] - Total Assets Under Administration (AUA) increased by $63.2 billion, or 27%, to $297.5 billion as of March 31, 2024, driven by equity market appreciation[263] Capital and Equity - Total Ameriprise Financial, Inc. shareholders' equity as of March 31, 2024, was $4.331 billion, an increase from $4.032 billion a year earlier[258] - Available Capital for Capital Adequacy as of March 31, 2024, was $5.135 billion, down from $5.418 billion at the end of 2023[259] - The total shareholders' equity, excluding accumulated other comprehensive income (AOCI), was $6.505 billion as of March 31, 2024, compared to $6.069 billion a year earlier[258] - The company has $2.6 billion remaining under its share repurchase authorization as of March 31, 2024[305] Investment Income and Expenses - Net investment income increased by $203 million, or 29%, to $901 million for the three months ended March 31, 2024, primarily due to growth in customer deposits and rising interest rates[270] - Distribution expenses rose by $193 million, or 16%, to $1.419 billion, reflecting higher advisor compensation and increased transactional activity[271] - Banking and deposit interest expense increased by $76 million, or 74%, reflecting higher average crediting rates and volumes on certificates and deposits[270] - Total expenses for the three months ended March 31, 2024, were $649 million, an increase of $15 million, or 2%, compared to the prior year period[288] Strategic Focus and Market Conditions - The company continues to focus on strategic objectives amid macroeconomic uncertainties, including interest rate fluctuations and market volatility[253] - The daily average of the S&P 500 index increased by 25% from 3,998 in Q1 2023 to 4,996 in Q1 2024[262] - The company anticipates continued growth in client acquisition and retention strategies, alongside expected trends in lower-risk product shifts[310] Shareholder Returns - Regular quarterly dividends paid to shareholders totaled $143 million for the three months ended March 31, 2024, compared to $138 million for the same period in 2023[305] - The company repurchased a total of 1.2 million shares of common stock at an average price of $409.96 per share during the three months ended March 31, 2024[305]

Ameriprise Financial Services (AMP) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individua ...

Ameriprise Financial’s (AMP) first-quarter 2024 adjusted operating earnings of $8.39 per share handily surpassed the Zacks Consensus Estimate of $8.10. The bottom line reflects a rise of 16% from the year-ago quarter.Results were aided by revenue growth, along with higher assets under management (AUM) and assets under administration (AUA) balances. However, an increase in expenses acted as a headwind.After considering significant items, net income (GAAP basis) was $990 million or $9.46 per share, up from $4 ...

Ameriprise Financial, Inc. (NYSE:AMP) Q1 2024 Earnings Conference Call April 23, 2024 9:00 AM ET Company Participants Alicia Charity - Senior Vice President, Investor Relations James M. Cracchiolo - Chairman and Chief Executive Officer Walter S. Berman - Executive Vice President and Chief Financial Officer Conference Call Participants Brennan Hawken - UBS Suneet Kamath - Jefferies Wilma Burdis - Raymond James Thomas Gallagher - Evercore ISI Ryan Krueger - KBW Alex Blostein - Goldman Sachs Craig Siegenthaler ...

Ameriprise Financial First Quarter 2024 Conference Call April 23, 2024 © 2024 Ameriprise Financial, Inc. All rights reserved. Forward-looking statements ...

For the quarter ended March 2024, Ameriprise Financial Services (AMP) reported revenue of $4.1 billion, up 10.9% over the same period last year. EPS came in at $8.39, compared to $7.25 in the year-ago quarter.The reported revenue represents a surprise of -1.53% over the Zacks Consensus Estimate of $4.16 billion. With the consensus EPS estimate being $8.10, the EPS surprise was +3.58%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...

Ameriprise Financial, Inc. Minneapolis, MN NYSE: AMP April 22, 2024 Ameriprise Financial Reports First Quarter 2024 Results, Raises Quarterly Dividend 10 Percent | --- | --- | --- | --- | |----------------------------|-----------|---------------------------|---------------| | Earnings Per Diluted Share | \nQ1 2024 | Return on Equity, ex AOCI | (1) \nQ1 2024 | | GAAP | $9.46 | GAAP | 48.1% | | Adjusted Operating | $8.39 | Adjusted Operating | 49.0% | | --- | --- | |------------------------------------------- ...

Ameriprise Financial, Inc. (AMP) is scheduled to report first-quarter 2024 results on Apr 22, after market close. Its revenues and earnings in the to-be-reported quarter are anticipated to have increased on a year-over-year basis.In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate. Results were aided by growth in revenues, along with higher assets under management (AUM) and assets under administration (AUA) balances. However, an increase in expenses was a negative.Ame ...