Core Viewpoint - Ameriprise Financial Services (AMP) is expected to report a year-over-year increase in earnings and revenues for the quarter ended March 2024, with a consensus EPS estimate of $8.10, reflecting an 11.7% increase, and revenues projected at $4.16 billion, up 12.6% from the previous year [1][2]. Earnings Expectations - The upcoming earnings report is anticipated to be released on April 22, and the stock price may react positively if actual results exceed expectations, while a miss could lead to a decline [1]. - The consensus EPS estimate has been revised 0.58% higher in the last 30 days, indicating a bullish sentiment among analysts [2]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP of +0.58% for Ameriprise indicates a likelihood of beating the consensus EPS estimate [5][6]. - The Most Accurate Estimate being higher than the Zacks Consensus Estimate reflects recent analyst optimism regarding the company's earnings prospects [5]. Historical Performance - Ameriprise has a strong track record, having beaten consensus EPS estimates in the last four quarters, including a surprise of +1.04% in the most recent quarter [7]. Industry Context - SEI Investments (SEIC), another player in the financial services sector, is expected to report earnings of $0.97 per share, representing a year-over-year increase of 22.8%, with revenues projected at $505.36 million, up 7.7% [9]. - Despite a positive Zacks Rank of 1 for SEI, its Earnings ESP is 0.00%, making it challenging to predict an earnings beat [9].

One stock that might be an intriguing choice for investors right now is Ameriprise Financial, Inc. (AMP) . This is because this security in the Financial - Investment Management space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably tak ...

Core Insights - Zacks Premium provides tools for investors to enhance their stock market engagement and confidence through various resources like daily updates, research reports, and stock screens [1] Zacks Style Scores - Zacks Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each designed to help investors identify stocks with the potential to outperform the market [2][3][4] - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E and Price/Sales [2] - The Growth Score assesses a company's financial health and future growth potential based on earnings and sales projections [2] - The Momentum Score capitalizes on price trends and earnings outlook changes to identify favorable investment opportunities [3] - The VGM Score combines all three styles to provide a comprehensive evaluation of stocks based on value, growth, and momentum [4] Zacks Rank and Style Scores Integration - The Zacks Rank is a proprietary model that uses earnings estimate revisions to identify stocks with high potential, with 1 (Strong Buy) stocks historically yielding an average annual return of +25.41% since 1988 [5] - To maximize investment success, it is recommended to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [6] Company Spotlight: Ameriprise Financial Services (AMP) - Ameriprise Financial, headquartered in Minneapolis, MN, manages assets worth $1.36 trillion as of December 31, 2023 [7] - AMP holds a Zacks Rank of 2 (Buy) and a VGM Score of B, indicating strong investment potential [7] - The company has a Value Style Score of B, supported by a forward P/E ratio of 12.47, making it attractive for value investors [7] - Recent upward revisions in earnings estimates have increased the Zacks Consensus Estimate for AMP to $34.46 per share, with an average earnings surprise of 1.5% [7]

Core Insights - Ameriprise Financial Services (AMP) has a strong track record of beating earnings estimates, with an average surprise of 1.18% over the last two quarters [1] - The most recent earnings report showed earnings of $7.75 per share, exceeding the Zacks Consensus Estimate of $7.67 per share by 1.04% [1] - The previous quarter also saw a positive surprise, with actual earnings of $7.68 per share against an expected $7.58 per share, resulting in a 1.32% surprise [1] Earnings Estimates - There has been a favorable change in earnings estimates for Ameriprise, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [2] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [2] Earnings ESP Analysis - Ameriprise currently has an Earnings ESP of +0.47%, suggesting analysts are optimistic about the company's earnings prospects [3] - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) indicates a high probability of another earnings beat [3] Importance of Earnings ESP - The Earnings ESP metric is crucial for predicting earnings performance, as it compares the Most Accurate Estimate to the Zacks Consensus Estimate [3] - A negative Earnings ESP reduces predictive power but does not necessarily indicate an earnings miss [3][4]

Core Insights - Ameriprise Financial has been awarded the 2024 BISA Technology and Innovation Award for its eMeeting capability, which enhances the meeting-preparation process for financial advisors [1][6] - The eMeeting tool allows advisors to create customized and branded client presentations, significantly improving efficiency and client engagement [1][2] - Since its launch in 2022, eMeeting has facilitated the creation of over 1 million client presentations by Ameriprise advisors [1] Company Overview - Ameriprise Financial has over 125 years of experience in providing financial services, including investment advice, asset management, and insurance [4] - The company operates a nationwide network of approximately 10,000 financial advisors, catering to a diverse range of individual and institutional investors [4] Technology and Innovation - The BISA Technology Innovation Award recognizes firms that advance the financial services industry through technological innovation [6] - Ameriprise's Chief Information Officer highlighted the importance of integrated technology in enhancing the advisor and client experience [2] - The eMeeting tool is fully integrated into Ameriprise's Customer Relationship Management (CRM) system, streamlining the meeting preparation process for advisors [1][2]

Investors interested in stocks from the Financial - Investment Management sector have probably already heard of 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.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 ...

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Ameriprise Financial Services (AMP) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.Ameriprise Financial Services is a member of our Finance group, which includes 856 different companies and currently sits at #7 in the Zacks Sector Rank. The Zacks Sector R ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?Develope ...

Buyback stocks refer to companies aggressively repurchasing their own shares when they are undervalued. This strategy efficiently allocates capital to buy out external shareholders at discounted prices. Remaining investors win big through accelerated earnings per share growth.As investing legend Charlie Munger wisely advised, “Pay attention to the cannibals.” He was referring to cash-rich firms with share prices trading below intrinsic value. By concentrating ownership amongst fewer outstanding shares, buyb ...

MINNEAPOLIS--(BUSINESS WIRE)--Financial advisors Jim Guthrie CFP®, CRPC™, MBA and Stephen Rouner recently joined the branch channel of Ameriprise Financial, Inc. (NYSE: AMP) from Merrill Lynch with $320 million in client assets in Tacoma, Washington. The advisors are joined by Registered Client Service Associate Nick Vanderlinda and their practice operates under the name Guthrie Rouner Group. Guthrie Rouner Group joined Ameriprise Financial for several reasons: Focus on delivering an outstanding adviso ...