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    Ameriprise Financial (AMP) Draws Fresh Valuation Interest, Is It Still Below Fair Value?

    Simply Wall St·09/20/2026 18:22:24
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    Ameriprise Financial (AMP) is back in focus after a high profile advisor team managing US$8.1b left to form an independent firm, just as fresh research spotlights the stock’s earnings profile, capital returns, and new Signature Wealth UMA platform.

    Ameriprise Financial’s share price has eased in the short term, with a 7 day share price return of down 2.4% and a 30 day share price return of down 2%, even though the stock is up 15.5% over 90 days and its 5 year total shareholder return of 115.7% points to momentum that has built steadily over time.

    Scan beyond Ameriprise Financial and compare its story with a curated set of wealth and asset managers using the 35 high quality undervalued stocks that currently share similar valuation appeal.

    Ameriprise Financial is now trading below its recent highs after that advisor exit, while research flags possible undervaluation. Do you lean into the current setup, or wait and hope for a cheaper entry later?

    Most Popular Narrative: 5% Undervalued

    On Simply Wall St's most followed narrative, Ameriprise Financial screens as undervalued with a fair value of about $574 per share versus the latest close at $544.33. That gap is not huge in absolute terms, yet it rests on a detailed set of assumptions about earnings power, capital returns, and how much investors are willing to pay for the stock in a few years.

    Introduction of the new Signature Wealth UMA platform, expected to enhance adviser capabilities and client portfolio management, which could boost net margins through improved adviser efficiency and potentially increase assets under management.

    Continued investment in technology and adviser platforms, including the PracticeTech system, leading to higher adviser productivity and client satisfaction, potentially resulting in increased earnings and improved operational efficiency.

    See why 24 investors see Ameriprise Financial as 5% undervalued.

    The Simply Wall St narrative uses a discount rate of 7.95% and assumes Ameriprise Financial can grow revenue by about 4.9% a year and lift net profit margins from 19.9% to 21.1% over the next few years. On those inputs, analysts in that storyline see earnings reaching about $4.8b by around 2029, with earnings per share of $61.19, helped by buybacks that are expected to reduce the share count by 6.3% a year.

    That framework also bakes in a lower future P/E multiple of roughly 10.9x on those 2029 earnings, compared with about 12.4x used today and against a much higher 37.7x for the wider US Capital Markets group. The fair value of roughly $574 per share therefore combines moderate top line growth, slightly firmer profitability, and a more cautious valuation multiple, discounted back using that 7.95% rate.

    Result: Fair Value of $574 (UNDERVALUED)

    Still, the Ameriprise Financial narrative can crack if market volatility drives heavier asset management outflows or if adviser recruiting costs climb and squeeze profitability.

    Find out about the key risks to this Ameriprise Financial narrative.

    Next Steps

    Mixed signals on Ameriprise Financial so far. If you want to move quickly and build your own view from the ground up, start with the 4 key rewards and 1 important warning sign.

    Looking for more Ameriprise Financial style investment ideas?

    If Ameriprise Financial has sharpened your focus on quality and valuation, do not stop here. Use targeted stock screens to quickly surface fresh, data driven ideas.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.