What to Expect From Ameriprise Financial’s Q3 2024 Earnings Report

Core Viewpoint - Ameriprise Financial, Inc. (AMP) is a leading diversified financial services company with a market cap of $46.4 billion, focusing on comprehensive financial planning and advice for individual and institutional clients [1] Financial Performance Expectations - Analysts anticipate AMP to report a profit of $9.42 per share for the fiscal third quarter of 2025, reflecting a 6.7% increase from $8.83 per share in the same quarter last year [2] - For the current fiscal year, EPS is expected to be $37.82, up 10.1% from $34.35 in fiscal 2024, with a further rise to $41.05 projected for fiscal 2026, representing an 8.5% year-over-year increase [3] Stock Performance - Over the past year, AMP stock has increased by 2.6%, which is significantly lower than the S&P 500 Index's 17.8% gains and the Financial Select Sector SPDR Fund's 19.7% gains during the same period [4] Analyst Ratings and Price Targets - Bank of America Securities analyst Craig Siegenthaler has reiterated a "Buy" rating on AMP, setting a price target of $599 [5] - The consensus opinion on AMP stock is neutral, with a "Hold" rating overall; among 15 analysts, there are four "Strong Buy," two "Moderate Buy," seven "Hold," and two "Strong Sell" recommendations, with a mean target price of $554.92 indicating a potential upside of 12.8% from current market prices [6]