Ameriprise Financial (AMP) Stock Forecast & Price Target

Ameriprise Financial has positioned itself as a leading diversified financial services provider, with approximately 65% of its operating income derived from advice and wealth management, supported by $1.69 trillion in total assets under management and advisory as of year-end 2025. The firm's advisory and wealth management segment has demonstrated strong performance, driven by increased client engagement, improving advisor productivity, and a robust advisor recruitment pipeline that has added 90 advisors in the recent quarter. Additionally, Ameriprise's return of approximately 80% of operating earnings to shareholders, alongside a favorable market environment for equity and asset management margins, underscores its strong financial fundamentals and positive growth outlook.

Ameriprise Financial has reported a decline in total brokerage cash balances, dropping approximately 3% quarter-over-quarter to $36.9 billion, despite expectations of stability. The asset management segment is experiencing deteriorating flow dynamics, characterized by reduced deposits and increased withdrawals, which masks underlying challenges facing the traditional asset management industry. Additionally, adverse trends in the retirement and protection solutions segment, including lower earnings and potential outflows from legacy insurance partnerships, contribute to a negative outlook on the firm’s overall financial health and future growth potential.