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AMP · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Ameriprise Financial, Inc. (AMP) stock moving?
Ameriprise beat Q3 2026 consensus on both lines, with adjusted EPS of $12.07 against $11.70 expected and sales of $5.117B against $5.047B, and it declared a $1.70 quarterly dividend. The stock's reaction to the print was modest: it closed at $496.21 on Oct 29 after a 477.18 low that day, then slid to $489.17 on Oct 30. The rally came later. Shares climbed to $525.62 on Nov 4, spiked to $537.95 intraday on Nov 5 and then reversed to close at $507.59 on heavier volume, which points to supply near the upper $520s to $530s. The stock fell to $499.79 on Nov 6 before recovering to $518.30 on Nov 9. On Nov 10 it opened at $534.31 and faded to $519.96, so the 30-day range of roughly $477 to $538 has not yet resolved into a clear trend. Analyst views are mixed. Goldman's $525 target sits close to the current price, while Evercore kept In-Line with a $568 target. The remaining headlines are minor, including holding disclosures in Irish and German real estate names and routine personnel news. Volume has eased from the post-earnings peak of about 1.05M shares to roughly 390K to 590K recently. The main near-term driver is price action around the recent highs, while the fundamental read from the Q3 beat supports a constructive medium-term view.
News behind the analysis
- Ameriprise Financial Announces Third Quarter 2026 ResultsAmeriprise reported Q3 2026 results on Oct 29 and furnished the earnings release to the SEC in an 8-K. The results were the main company news of the period.
- Ameriprise Finl Q3 Adj. EPS $12.07 Beats $11.70 Estimate, Sales $5.117B Beat $5.047B EstimateAdjusted EPS of $12.07 beat the $11.70 consensus, and sales of $5.117B beat the $5.047B estimate.
- Ameriprise Finl Q3 2026 Earnings Call TranscriptTranscript of the Q3 2026 earnings call, held the day results were released.
- Ameriprise Financial Declares Quarterly Cash DividendThe Board declared a quarterly cash dividend of $1.70 per common share.
- Goldman Sachs Adjusts Price Target on Ameriprise Financial to $525 From $524Goldman Sachs raised its price target on Ameriprise by $1 to $525, a near-flat change.
- Evercore ISI Group Maintains In-Line on Ameriprise Financial, Lowers Price Target to $568Evercore ISI kept its In-Line rating and lowered its price target to $568 after the quarter.
- Form 10-Q Quarterly ReportAmeriprise filed its quarterly report on Form 10-Q on Oct 30, following the Q3 results release.
- Ameriprise Financial Chief Financial Officer to Present at the 2026 BMO Financials ConferenceCFO Walter S. Berman is scheduled to speak at the 2026 BMO Financials Conference on Nov 10.
- Here's How Much $1000 Invested In Ameriprise Financial 10 Years Ago Would Be Worth TodayBenzinga reports AMP has outperformed the market by 3.12% annualized over 10 years, with an average annual return of 16.25%.
About Ameriprise Financial, Inc.
Ameriprise Financial is a Minneapolis-based firm that gives financial planning and advice to individuals through a large network of roughly 10,000 financial advisors, and also manages investment funds through Columbia Threadneedle. It stands out for pairing a big advice business with its own asset manager, insurance and annuity arm, and bank, and it reports a very high return on equity (about 56% in Q3 2026).
How it makes money
Most of its money, about two-thirds of net revenue (roughly $3.2B of about $4.9B in Q2 2026), comes from Advice & Wealth Management. That covers advisory and brokerage fees tied to client assets, plus interest earned on client cash and on Ameriprise Bank deposits (about $24B). The rest comes from asset management fees at Columbia Threadneedle and from retirement and protection products such as annuities and life insurance. Total quarterly revenue is roughly $5B.
What usually moves AMP
- Stock and bond market levels, which set asset-based fees
- Advisor recruiting, retention and client net flows
- Interest rates, which affect income on client cash and bank deposits
- Asset management fund inflows and outflows
- Share buybacks and capital returns