Ameriprise Finl Inc Stock Price, News & Analysis

Ameriprise Financial (NYSE: AMP) will participate in the BofA Securities Financial Services Conference on February 16, from 2:30 to 3:10 p.m. ET. The session will feature James Cracchiolo, Chairman & CEO, and Walter Berman, CFO. Investors can listen to the live webcast on the company's website, with a digital replay available within 24 hours for three months. Ameriprise has over 125 years of experience in providing financial advice, asset management, and insurance services, supported by a network of more than 10,000 financial advisors.

Ameriprise Financial (NYSE: AMP) announced that 259 of its financial advisors have been recognized in the Forbes Best-in-State Wealth Management Teams list. This acknowledgment highlights the advisors' professionalism, quality of practice, and success, based on data from productive advisors nationwide. Bill Williams, Executive Vice President, commended the advisors for their hard work in achieving clients' financial goals. Pat O’Connell, another Executive Vice President, praised the firm's dedication to providing tailored financial guidance. The full list of advisors is available on Forbes' website.

Ameriprise Financial (NYSE: AMP) announced a donation of over $17.4 million in 2022, supporting nonprofits focused on domestic hunger relief, homelessness, and financial education. Their initiatives included funding 234 grants aimed at meeting basic needs and enhancing community equity. Employees logged nearly 64,000 volunteer hours, reinforcing a commitment to social responsibility. Noteworthy partnerships include a long-term collaboration with Feeding America, through which over 115 million meals have been provided. Additionally, Ameriprise Bank made a $4 million investment in affordable housing development in the Minneapolis/St. Paul area.

The Board of Directors of Ameriprise Financial (NYSE: AMP) has announced a quarterly cash dividend of $1.25 per common share, set to be paid on February 28, 2023. Shareholders eligible for this dividend must be on record by the close of business on February 10, 2023. With over 125 years of experience, Ameriprise offers comprehensive financial services, including investment advice, asset management, and insurance, supported by a nationwide network of over 10,000 financial advisors.

Ameriprise Financial reported strong Q4 2022 earnings with adjusted operating EPS of $6.94, a 13% increase from the previous year. Full-year adjusted EPS reached $25.14, up 11%. The company returned approximately 85% of earnings to shareholders, totaling $1.9 billion in share repurchases and a dividend increase. Wealth Management generated record client flows of $42.5 billion for the year, bolstered by a growth in cash offerings amid rising interest rates. However, GAAP net income decreased by 30% in Q4 to $494 million, mainly due to market impacts on derivatives.

Financial advisor Russell Smith has transitioned his $150 million practice to Ameriprise Financial in Downers Grove, Illinois. Smith, formerly with Edward Jones, sought enhanced resources to better serve high-net-worth clients. He commended Ameriprise's advisor support, technology, and extensive product offerings as instrumental in his decision. The firm has recently attracted around 1,600 experienced financial advisors in five years, highlighting its expanding influence in the financial advisory sector. This transition signifies Ameriprise’s strong market presence and adaptability in catering to the needs of seasoned advisors.

Ameriprise Financial (NYSE: AMP) will announce its fourth quarter financial results on January 25, 2023, after the markets close. A conference call is scheduled for January 26, 2023, at approximately 9:00 a.m. ET to discuss these results. Investors and stakeholders can access live audio of the call, along with presentation slides and replays on the Ameriprise Financial Investor Relations website.

With over 125 years of experience, Ameriprise Financial serves a wide range of financial needs through its network of over 10,000 financial advisors.