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Ameriprise Riding High on Strong Fundamentals: Time to Buy?
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On Apr 4, we issued an updated report on Ameriprise Financial, Inc. (AMP - Free Report) . Its organic and inorganic growth initiatives remain impressive. Also, its strong balance sheet position continues to drive growth. However, consistently increasing expenses remain a major headwind.
Ameriprise’s shares gained 25.4% in the last six months, significantly outperforming the 9.2% growth of the Zacks categorized Financial - Investment Management industry.
While the company’s current-year earnings estimates remained stable over the last 30 days, it holds a Zacks Rank #2 (Buy).
In order to face the competition, Ameriprise has been modifying its product and services consistently to match the needs of its clients. This strategy should lead to revenue growth.
Driven by a solid capital position, Ameriprise consistently enhanced shareholders’ value with its steady capital deployment activities. Moreover, it has shown decent inorganic growth.
However, the company’s expenses witnessed a compound annual growth rate of 3% over the last five years.
Other Stocks to Consider
Some other stocks in the financial space worth considering include KB Financial Group Inc. (KB - Free Report) , First Defiance Financial Corp. and Apollo Global Management, LLC (APO - Free Report) . While KB Financial sports a Zacks Rank #1 (Strong Buy), First Defiance and Apollo Global carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
KB Financial’s earnings estimates were revised upward by 4.6% for the current year in the past 30 days. Also, its share price gained 51.4%, over the last one year.
First Defiance’s current-year earnings estimates were revised 1.2% upward over the last 60 days. Also, its shares surged 31.9% in the last one year.
Apollo Global’s current-year earnings estimates were revised 9.2% upward over the last 60 days. Its shares increased 51.4% over the last year.
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Ameriprise Riding High on Strong Fundamentals: Time to Buy?
On Apr 4, we issued an updated report on Ameriprise Financial, Inc. (AMP - Free Report) . Its organic and inorganic growth initiatives remain impressive. Also, its strong balance sheet position continues to drive growth. However, consistently increasing expenses remain a major headwind.
Ameriprise’s shares gained 25.4% in the last six months, significantly outperforming the 9.2% growth of the Zacks categorized Financial - Investment Management industry.
While the company’s current-year earnings estimates remained stable over the last 30 days, it holds a Zacks Rank #2 (Buy).
In order to face the competition, Ameriprise has been modifying its product and services consistently to match the needs of its clients. This strategy should lead to revenue growth.
Driven by a solid capital position, Ameriprise consistently enhanced shareholders’ value with its steady capital deployment activities. Moreover, it has shown decent inorganic growth.
However, the company’s expenses witnessed a compound annual growth rate of 3% over the last five years.
Other Stocks to Consider
Some other stocks in the financial space worth considering include KB Financial Group Inc. (KB - Free Report) , First Defiance Financial Corp. and Apollo Global Management, LLC (APO - Free Report) . While KB Financial sports a Zacks Rank #1 (Strong Buy), First Defiance and Apollo Global carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
KB Financial’s earnings estimates were revised upward by 4.6% for the current year in the past 30 days. Also, its share price gained 51.4%, over the last one year.
First Defiance’s current-year earnings estimates were revised 1.2% upward over the last 60 days. Also, its shares surged 31.9% in the last one year.
Apollo Global’s current-year earnings estimates were revised 9.2% upward over the last 60 days. Its shares increased 51.4% over the last year.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>