Ameriprise Financial (AMP) Stock Forecast & Price Target

Ameriprise Financial has established itself as a significant player in the financial services sector, generating approximately 65% of its operating income through advice and wealth management, with $1.69 trillion in assets under management and advisory across segments as of year-end 2025. The company has a strong asset management franchise in Columbia Threadneedle, with $678 billion in assets under management, and continues to enhance advisor productivity and client engagement through various initiatives. Additionally, Ameriprise's robust capital return strategy, returning around 80% of operating earnings to shareholders, along with its solid equity market performance and ongoing free cash flow generation, contribute to a positive outlook on its financial health and growth prospects.

Ameriprise Financial's brokerage cash balances experienced a decline of approximately 3% quarter-over-quarter, falling to $36.9 billion, indicating potential weaknesses in client liquidity and investment interest. Additionally, despite positive earnings in the Asset Management segment, there was a deterioration in the underlying flow dynamics due to reduced deposit activity and increased withdrawals, reflecting broader challenges facing the asset management industry. Furthermore, the Retirement & Protection Solutions segment reported reduced earnings and possible adverse claims experiences, alongside anticipated operating expense growth and operating margin compression, which could presage continued financial difficulties for the firm.