Ameriprise Finl Inc Stock Price, News & Analysis

The Board of Directors of Ameriprise Financial has approved an additional $3 billion share repurchase program, effective until March 31, 2024. As of January 25, 2022, approximately $352 million remains from the prior authorization. Share repurchases will be funded through working capital and future earnings, with flexibility in timing and method. Additionally, a quarterly cash dividend of $1.13 per share was declared, payable on February 28, 2022.

Ameriprise Financial reported a record fourth quarter with adjusted operating earnings per diluted share reaching $6.15, a 36% rise year-over-year. Full-year adjusted operating earnings increased 35% to $22.75. The company achieved over $40 billion in client net inflows, bolstered by the acquisition of BMO EMEA, adding $136 billion in assets. GAAP net income per diluted share soared to $5.96, representing an 89% increase. Total assets under management reached a record $1.4 trillion. The company returned $630 million to shareholders in the quarter, totaling $2.4 billion for the year, and announced a $3 billion share repurchase program.

Ameriprise Financial (NYSE: AMP) has launched a new advertising campaign titled “Advice Worth Talking About”, emphasizing its focus on exceptional client satisfaction and personalized financial advice. The campaign, which includes live action and animated TV spots, showcases clients' positive experiences and high satisfaction ratings—4.9 out of 5—and highlights that 9 out of 10 clients are likely to recommend Ameriprise. This initiative aims to strengthen brand recognition and promote the value of its advisory services.

Columbia Threadneedle Investments has selected three fintech start-ups for its 2022 MassChallenge FinTech accelerator program. These firms are Util, OnCorps, and Datia, focusing on technologies for sustainability, automation, and ESG data reporting. Jay Leopold, head of North America Investment Risk, emphasized the importance of data in responsible investment practices. With over 25 start-ups accepted this year, Columbia Threadneedle continues to innovate in asset management, having previously collaborated successfully with fintechs since 2019.

InvestCloud has partnered with Ameriprise Financial (NYSE: AMP) to enhance its Pink platform, providing personalized financial advice to users. Pink is designed for corporate financial wellness and life planning, allowing employees to receive tailored solutions from Ameriprise advisors. This collaboration addresses increased financial stress among employees, with research indicating 63% report heightened stress since the pandemic. The initiative aims to improve employee financial confidence and support by combining InvestCloud's technology with Ameriprise's advisory expertise.

Ameriprise Financial (NYSE: AMP) conducted a survey revealing that 90% of recently joined advisors report enhanced client-facing technology and financial planning capabilities compared to their previous firms. The Ultimate Advisor Partnership survey, involving nearly 300 advisors, highlighted that 91% feel Ameriprise elevates the client experience, while 95% commend its support for deeper client relationships. Since becoming public in 2005, Ameriprise has invested over $5 billion to improve advisor tools and client services, demonstrating a strong commitment to advisor satisfaction and client service excellence.

Ameriprise Financial (NYSE: AMP) will announce its fourth-quarter financial results on January 26, 2022, after the NYSE closes. A conference call to discuss these results is scheduled for January 27, 2022, at approximately 9:00 a.m. (ET). Investors can access live audio, presentation slides, and an audio replay on the Ameriprise Investor Relations website.

With over 125 years in the financial services industry and a network of more than 10,000 financial advisors, Ameriprise is equipped to meet diverse individual and institutional investment needs.