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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 Financial, Inc. (AMP) - free report >>

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