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Stock Charts AI Power Rank: 9.5
Power Rank trend -> Rising
07/26/2024 16:10:00 EST
Ameriprise Financial Inc (AMP)
Industry: Asset Management
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, AMP has been trading in a range between $446.27 and $410.89 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
AMP is trading below resistance at $446.27, about 2% to the upside. There is support at $431.04 -2% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Ameriprise Financial Inc $AMP entered a Green zone 2 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $367.6, a potential down side of -16.37% from the recent price of 439.54. The stock is trading 2.37% (potential upside) below its 52 week high of $449.94 and 44.95 % (potential downside) above its 52 week low of $303.24 - based on the recent price.
Company Summary
Ameriprise Financial, Inc, together with its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.
News
| Ameriprise Q2/H1 2024: A Repeat Of 2023? Ameriprise's revenue shows early signs of surpassing 2023 levels by a modest margin, while net income is currently trending well above the lows seen in 2023. Stock performance has varied relative to market conditions, with a focus on structured variable annuity products impacting expenses and investor conviction. In the present year, there are signs of product uptake diversification, which is an early encouraging sign. Source: Seeking Alpha Thu, 25 Jul 2024 19:07:04 -0400 Sentiment: Positive |
| Ameriprise Financial, Inc. (AMP) Q2 2024 Earnings Call Transcript Ameriprise Financial, Inc. (NYSE:AMP ) Q2 2024 Earnings Conference Call July 25, 2024 9:00 AM ET Company Participants Alicia Charity - SVP, IR Jim Cracchiolo - Chairman & CEO Walter Berman - EVP, CFO & Chief Risk Officer Conference Call Participants Suneet Kamath - Jefferies Ryan Krueger - KBW Alexander Blostein - Goldman Sachs Brennan Hawken - UBS Steven Chubak - Wolfe Research Wilma Burdis - Raymond James Thomas Gallagher - Evercore ISI John Barnidge - Piper Sandler Michael Cyprys - Morgan Stanley Operator Welcome to the Q2 2024 Earnings Call. My name is Briana, and I will be your operator for today's call. Source: Seeking Alpha Thu, 25 Jul 2024 13:25:22 -0400 Sentiment: Neutral |
| Ameriprise (AMP) Q2 Earnings Beat as Revenues & AUM Rise Y/Y Ameriprise (AMP) records a year-over-year improvement in the AUM balance for the second quarter of 2024. Source: Zacks Investment Research Thu, 25 Jul 2024 11:01:14 -0400 Sentiment: Positive |
| Compared to Estimates, Ameriprise (AMP) Q2 Earnings: A Look at Key Metrics The headline numbers for Ameriprise (AMP) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. Source: Zacks Investment Research Wed, 24 Jul 2024 20:35:32 -0400 Sentiment: Positive |
| Ameriprise Financial Services (AMP) Beats Q2 Earnings Estimates Ameriprise Financial Services (AMP) came out with quarterly earnings of $8.53 per share, beating the Zacks Consensus Estimate of $8.51 per share. This compares to earnings of $7.44 per share a year ago. Source: Zacks Investment Research Wed, 24 Jul 2024 18:15:28 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 449.94 52 Week Low: 303.2435 Beta: 1.367 50 Day MA: 431.77 200 Day MA: 395.3781 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.023 Qtr Revenue Growth YOY: 0.096 Forward PE: 12.1951 Trailing PE: 15.0381