Ameriprise Financial (AMP) has drawn fresh attention after its latest quarterly update. Net income and earnings per share were higher than a year earlier, and management expanded the share repurchase program.
Recent trading reflects that mix of earnings strength and capital returns. The share price is up 4.0% over the past month but had fallen 8.9% over the prior quarter, while the 1 year total shareholder return of 12.0% and 5 year total shareholder return of 84.9% show a much stronger longer run record. This suggests momentum has cooled in the short term even as longer horizon investors have still seen solid gains.
Scan Ameriprise Financial alongside a curated group of wealth and asset managers using the 32 high quality undervalued stocks, which combine strong cash generation with balance sheet support.
Ameriprise Financial is generating higher earnings and leaning into buybacks, yet the share price only just bounced after a weaker quarter. Is this still a quality franchise available at a reasonable tag today?
Most Popular Narrative: 6% Undervalued
Ameriprise Financial’s last close at $520.06 sits below the fair value of about $554 in the analyst consensus Narrative on Simply Wall St, which ties that gap to steady earnings, high returns on equity and ongoing capital returns.
The practice of returning approximately 85% to 90% of adjusted operating earnings to shareholders over time, as illustrated by capital return of 88% and 91% of operating earnings in Q1 and Q2 2026 and a 6% dividend increase, together with repurchases of 3.3 million shares in the first half of 2026, could continue to support EPS and total shareholder return even if revenue growth moderates.
See why 29 investors see Ameriprise Financial as 6% undervalued.
Result: Fair Value of $554.64 (UNDERVALUED)
Still, the narrative around Ameriprise Financial can crack if adviser attrition accelerates or if ongoing asset management outflows keep pressuring fee based earnings.
Find out about the key risks to this Ameriprise Financial narrative.
Next Steps
If this mix of capital returns and valuation talk around Ameriprise Financial leaves you curious, move quickly and review the underlying data yourself. To see what is driving optimism around the upside case, go through the 4 key rewards.
Looking for more investment ideas beyond Ameriprise Financial?
If Ameriprise Financial has sharpened your focus on quality opportunities, do not stop here. Use targeted screeners to pressure test your thinking across other companies.
- Target potential mispricing early and scan a focused set of opportunities using the 32 high quality undervalued stocks.
- Anchor your watchlist around income stability and hunt for companies with dependable cash payouts through the 6 dividend fortresses.
- Prioritise resilience first and filter for financially robust businesses with the list of solid balance sheet and fundamentals (23 results).
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