Ameriprise: Cash Sweep Fears Are Overdone

Shares of Ameriprise Financial ( AMP ) have been a poor performer over the past year, losing about 11% of their value. Given how its wealth management unit benefits from rising market levels, the performance this year is particularly disappointing, and it speaks to the fearOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a quest ...