Ameriprise Financial Inc. ($AMP) Stock Forecast: Down 5.2% Today

What is Ameriprise Financial Inc.?

Ameriprise Financial Services (AMP) is a financial services company that offers wealth management, asset management, and insurance products to individuals and institutions. Today, the stock experienced a strong bearish movement in the market.

Why is Ameriprise Financial Inc. going down?

AMP stock is down 5.2% on Oct 24, 2024 13:55

• Bullish sentiment surrounding AMP's stock potential and growth in assets under management (AUM) may have led to heightened investor expectations.
• The market's reaction today could be linked to discrepancies between these optimistic expectations and the actual Q3 earnings, resulting in a sell-off.
• Negative responses to any earnings disappointments likely contributed to the decline in AMP's stock price.
• While the company's positive momentum and AUM growth are encouraging, market reactions to earnings can sometimes overshadow these strengths in the short term.

AMP Price Chart

AMP Technical Analysis

AMP News

Ameriprise Financial Services ( AMP ) is a Great Momentum Stock: Should You Buy?

Does Ameriprise Financial Services (AMP) have what it takes to be a top stock pick for momentum investors? Let's find out.

https://www.zacks.com/stock/news/2354195/ameriprise-financial-services-amp-is-a-great-momentum-stock-should-you-buy

Growth in AUM to Support Ameriprise This Earnings Season

A decent increase in AUM balance driven by inflows is expected to have supported AMP's Q3 earnings.

https://www.zacks.com/stock/news/2353760/growth-in-aum-to-support-ameriprise-this-earnings-season

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Ameriprise Financial Inc. Price History

26.09.2023 - AMP Stock was up 5.4%

• Ameriprise Financial announced a quarterly dividend, which may have attracted investors and contributed to the bullish movement.
• Despite a decline in Q3 earnings, Ameriprise Financial's profit still rose due to an increase in assets under management and client assets.
• The company's Non-GAAP EPS beat expectations, indicating strong financial performance.
• Investors are eagerly awaiting the company's latest quarterly earnings report, with hopes of positive guidance and forecasted growth.

01.08.2023 - AMP Stock was up 0.3%

• September is typically a challenging month for stocks, but AMP managed to outperform the market over the past 5 years, indicating its resilience.
• The increase in AMP's dividend and the positive assessment of its undervalued shares by BI Asset Management Fondsmaeglerselskab A S could have contributed to the bullish movement.
• The news about U.S. companies engaging in stock buybacks, which are seen as a positive signal for a stock's appreciation potential, might have also influenced the bullish movement of AMP.

24.09.2024 - AMP Stock was down 5.2%

• Bullish sentiment surrounding AMP's stock potential and growth in assets under management (AUM) may have led to heightened investor expectations.
• The market's reaction today could be linked to discrepancies between these optimistic expectations and the actual Q3 earnings, resulting in a sell-off.
• Negative responses to any earnings disappointments likely contributed to the decline in AMP's stock price.
• While the company's positive momentum and AUM growth are encouraging, market reactions to earnings can sometimes overshadow these strengths in the short term.