Ameriprise Financial (AMP) Stock Forecast & Price Target

Ameriprise Financial is benefiting from a strong mix of scale, profitability, and operating leverage, with about 65% of operating profit from advice and wealth management and nearly $1.2 trillion in segment AUM and advisory at year-end 2025. Its 2Q26 results showed adjusted operating EPS strength on 13% revenue growth, a 28% operating margin, and improving advisor productivity to $1.2 million per advisor, while total AUM and advisement rose 12% to $1.7 trillion. The firm’s diversified platform, including Columbia Threadneedle’s $678 billion in AUM and retirement and protection services, supports durable fee-based earnings and should benefit from favorable market valuations and a trough in short-term rates.

Ameriprise Financial is exposed to multiple structural risks that can pressure earnings and capital, including equity market swings, interest rate and credit volatility, currency moves, adverse mortality and morbidity experience, and broad economic weakness. Its heavy reliance on advice and wealth management, which generates roughly 65% of operating profit, also makes results sensitive to client asset flows and market levels even with nearly $1.2 trillion in segment assets under management and advisory at year-end 2025 and 10,600 advisors. Competition, regulation, and rating agency scrutiny add further downside risk, while Columbia Threadneedle’s $678 billion in assets and the retirement and protection services business can still be weighed by market and insurance-related uncertainty.