Welcome to our dedicated page for Ameriprise Finl news (Ticker: AMP), a resource for investors and traders seeking the latest updates and insights on Ameriprise Finl stock.
Ameriprise Financial, Inc. provides financial advice, wealth management, global asset management and insurance solutions through a large U.S. advisor network and the Columbia Threadneedle Investments franchise. Company news commonly covers quarterly results, dividend actions, advisor practice affiliations, succession and practice-acquisition support, and updates tied to its advice and wealth management platform.
Recurring Ameriprise developments also include financial-planning research, investor satisfaction studies, industry rankings for advisors and fund families, and commentary on client engagement, asset growth and capital returns.
Ameriprise Financial (NYSE: AMP) announced a projected unfavorable impact of approximately $350 million after-tax on its third quarter 2020 adjusted operating earnings due to its annual review of insurance and annuity valuation assumptions. The low interest rate environment and a reduction in the 10-year Treasury rate assumption to 3.5 percent are primary contributors. However, this change will not affect the company's excess capital, which is determined on a statutory basis. The operating effective tax rate is expected to be elevated in Q3 2020.