Latest news with #Ameriprise
Business Wire
19 hours ago
- Business
- Business Wire
Ameriprise Financial Recognized as Most Recommended Among Wealth Managers in 2025 Kiplinger Readers' Choice Awards
MINNEAPOLIS--(BUSINESS WIRE)--Ameriprise Financial, Inc. (NYSE: AMP) today announced that it received high recognition in the 2025 Kiplinger Readers' Choice Awards. Kiplinger, a publication known for personal finance advice and news, invited their readers to rate the financial firms they affiliate with on key dimensions of the client experience. Ameriprise was one of only two firms to earn an 'outstanding' accolade in all four categories surveyed: 'Clients are at the heart of everything we do, and we are honored that readers rated Ameriprise best-in-class in every category,' said Jim Cracchiolo, Chairman and Chief Executive Officer at Ameriprise. 'Throughout our unique 130-year history, we have had an unwavering focus on serving clients exceptionally well. Our top-tier capabilities and sophisticated solutions empower Ameriprise advisors to deliver quality, tailored advice and service, as well as the confidence people need to reach their financial goals across market cycles.' Kiplinger surveyed more than 2,000 of their readers across 13 different categories, asking them to name the financial product or service that they most frequently use. Within the wealth managers category, respondents were asked to rate companies they affiliate with on a 10-point scale based on: likelihood to recommend, overall satisfaction, advisor trustworthiness and quality of advice. The companies with the highest scores for each criteria won an 'outstanding' accolade. As Kiplinger highlighted in their announcement, readers who work with Ameriprise noted many positive, longtime relationships with their advisors. One survey respondent assessed the firm's financial planning services as 'truly objective' with 'sound recommendations' that are guided by the client's best interests in mind. To learn about Ameriprise, visit About Ameriprise Financial At Ameriprise Financial, we have been helping people feel confident about their financial future for more than 130 years 1. With extensive investment advice, global asset management capabilities and insurance solutions, and a nationwide network of more than 10,000 financial advisors, we have the strength and expertise to serve the full range of individual and institutional investors' financial needs. Ameriprise did not pay a fee to be evaluated for this list but did pay a fee to cite the results. Kiplinger readers were invited to take the 2025 Readers' Choice Awards survey on from Feb. 20-March 21, 2025. Within the wealth management services category, respondents selected the wealth management provider they used most frequently and rated that provider on a ten-point scale in four criteria: likelihood to recommend to others, overall satisfaction, trustworthiness of the firm's advisers and quality of financial advice. Kiplinger awarded multiple providers with the highest-scoring providers in each criterion with an 'outstanding' designation. Award is not indicative of future performance or representative of any one client's experience. For more information, visit From Kiplinger's Personal Finance. ©2025 The Kiplinger Washington Editors. All rights reserved. Used under license. 1 Company founded June 29, 1894 Ameriprise Financial cannot guarantee future financial results. Investment products are not insured by the FDIC, NCUA or any federal agency, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value. Investment advisory products are made available through Ameriprise Financial Services, LLC., a registered investment adviser. Securities offered by Ameriprise Financial Services, LLC. Member FINRA and SIPC. © 2025 Ameriprise Financial, Inc. All rights reserved.
Yahoo
4 days ago
- Business
- Yahoo
Stock market's haul in May comes as tariff turmoil and job angst lurk on the horizon
The stock market enters June in the vicinity of record territory, right around where the year started, but with households now more wary about tariffs, the economy and their jobs. The S&P 500 index SPX scored huge gains in May, which was its biggest monthly haul since November 2023. It closed out a whirlwind month less than 4% off its record close in February, while sailing through hazards that in more normal times could have sunk a fortune. 'You are going to panic,' Jamie Dimon tells regulators about what will happen when the bond market cracks My daughter's boyfriend, a guest in my home, offered to powerwash part of my house — then demanded money 'The situation is extreme': I'm 65 and leaving my estate to only one grandchild. Can the others contest my will? My ex-wife said she should have been compensated for working part time during our marriage. Do I owe her? 'He failed in his fiduciary duty': My brother liquidated our mother's 401(k) for her nursing home. He claimed the rest. The U.S. and U.K. kicked things off with a May 8 trade agreement that included 10% tariffs on many imports of U.K. goods. The U.S. and China next met in Geneva in mid-May, where on May 12 tit-for-tat tariffs were paused. Stocks roared higher. President Donald Trump on May 23 then lobbed a quick 50% tariff threat on goods from the European Union. Stocks came down a notch, investors responded by buying the dip, on a hunch those tariffs wouldn't emerge — and they too were quickly paused. Stocks rounded out the month on higher ground even through a federal court ruling on May 28 invalidated most of Trumps tariffs. That ruling in less than 24 hours was paused to allow the administration's appeal to play out. Finally, the month ended with Trump blasting China on May 30, claiming aspects of the partial tariff pause were being violated, while the White House also doubling tariffs on all steel imports to 50%. 'We've had quite a decent run over the last couple of weeks,' Anthony Saglimbene, Ameriprise's chief market strategist, told MarketWatch. Stock valuations may look 'a little stretched' relative to history, but he said investors no longer appear to fear the worst-case scenario on tariffs. What's priced into stocks is U.S. tariffs on imports will settle around 10% for much of the world, and 30% for China, he said. 'If that level is maintained — and we don't see it get worse than that — the markets have correctly rebounded, because companies can manage that environment,' he said. 'The impacts of inflation will be less draconian, and growth can remain positive.' 'But you just don't know if that's going to be the real rules of the road,' Saglimbene said. An inflation reading for April arrived on Friday that showed the annual cost of living moved closer to prepandemic levels. But that was cold comfort to Wall Street, given the highly uncertain tariff backdrop. 'It's also old news at this point,' said Kevin Gordon, senior investment strategist at Charles Schwab & Co., on Friday. 'We know that for most of April and May, the average effective tariff rate didn't rise that much. By mid-to-late summer, that starts showing up.' 'We expect kind of a grind from here,' Gordon said of stocks. Yet the data also reflecting a pull-forward of 'consumer spending ahead of the tariff increases,' which 'will continue to dampen household spending in the coming months, especially as they face higher prices and a softening labor market,' said Kathy Bostjancic, chief economist at Nationwide, in emailed comments. Concerns about how companies might manage tariff costs will keep investors glued to Friday's monthly jobs report for May. Bostjancic said the sharply higher 4.9% personal savings rate in April was a cautious sign on spending, given that it was only 3.9% in November. 'Everyone is waiting to see how this settles out,' said Brent Schutte, chief investment officer, Northwestern Mutual Wealth Management Company, in a phone call. He sees something akin to a 'yo-yo' economy playing out over a few months, Schutte said, given the zig-zag on tariffs and extreme front-loading of inventory by companies and consumers hoping to avoid the worst of them. A similar theme could also play out in stocks. 'We don't know a lot more than we knew two months ago,' Schutte said. Read next: Americans are 'revenge saving' after years of splurging: 'Savings are a great way to have some certainty' Tariff and economic clarity isn't expected until the Trump administration makes more concrete headway with several trade partners, hopefully over the summer. An area to watch for signs of appetite for U.S. assets, including stocks, will be the dollar DXY, which was down 8.3% on the year as of Friday against a basket of rival currencies, according to FactSet. 'To really have the 'buy America' trade come back, you would have to see the dollar stabilize,' Gordon at Schwab said, adding that if the dollar keeps sliding and bond yields continue moving higher, it could signal a scenario of more capital flight out of the U.S. Stocks have been suggesting any rough patches will smooth out. With first-quarter earnings nearly complete, FactSet's senior analyst John Butters pegged the S&P 500's next 12-month price-to-earnings ratio at 21.3, above the 18.4 average of the past 10 years. Schutte at Northwestern said investors should be cautious with stocks valuations back to levels widely viewed as lofty. On the other hand, small-caps RUT could finally get a lasting boost, he said, if tariffs end up being on the lower end. It also would help if the inflation picture clears up, so the Federal Reserve can resume lowering rates. Maulik Bhansali, a senior portfolio manager at Allspring Global Investments, said that despite fears about the appeal of U.S. assets abroad, the moment feels like a 'goldilocks' market in bonds. Any new issuance of investment-grade U.S. corporate bonds was being quickly snapped up by investors, he said. 'If you have yields in the 5-plus-precent area for most of the bond market, that's a pretty decent amount of cushion in there, to help feel you're getting well compensation for the risks out there,' he told MarketWatch. With an eye to the jobs report, Bhansali said the biggest risk might be a report that's too positive on the labor front, one that could add to inflation worries and narrow the odds on any Fed rate cuts this year — or even put a narrow chance of a price a hike on the map. 'The reason that would be so painful is because no one is positioned for it,' Bhansali said, adding that this year has been all about bond investors expecting a steepening yield curve, where longer-duration yields BX:TMUBMUSD10Y rise more than short-end BX:TMUBMUSD02Y rates. 'That would create a lot of volatility.' On deck, Wall Street will be hearing this week from a bunch of Federal Reserve officials, starting on Sunday, while monitoring other jobs data, manufacturing updates and the Fed's Beige Book, all before Friday's monthly employment report. The blue-chip Dow DJIA rose 3.9% in May, its best month since January, while the S&P 500 jumped 6.2% and the Nasdaq Composite Index COMP surged 9.6%, booking their best months since Nov. 2023, according to Dow Jones Market Data. Read: U.S.-China trade talks: Why rare-earth minerals are a sticking point in getting back on track After the TACO trade, here comes the 'Trump Collar.' Here's what that means for stocks. It's my dream to travel to Africa. My husband says it's not on his bucket list. Do I pay for him or go alone? What on earth is going on with the American consumer? My friend is getting divorced. Her husband kindly said, 'Take the house.' Is there a catch? My husband used my money to renovate his house. Will I now get half of his property in a divorce?
Yahoo
28-05-2025
- Business
- Yahoo
Ameriprise Financial (NYSE:AMP) Launches Signature Wealth Program for Enhanced Personalization
Ameriprise Financial (NYSE: AMP) announced the launch of its Ameriprise Signature Wealth Program, a major development aimed at offering personalized investment strategies with enhanced efficiency. Over the past month, the company's stock rose 11%, aligning closely with the overall market's 11% gain over the last year. While the launch of the new program is a significant step and could have contributed to optimism, its impact was likely tempered by broader market conditions, similar to other firms' developments. Additionally, Ameriprise's ongoing share repurchase strategy underscores its financial health and commitment to shareholder value, aligning with its upward stock movement. Buy, Hold or Sell Ameriprise Financial? View our complete analysis and fair value estimate and you decide. AI is about to change healthcare. These 22 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. The launch of Ameriprise Financial's Signature Wealth Program promises to enhance its personalized investment strategies, potentially boosting both adviser efficiency and client satisfaction. These advancements are likely to positively influence future earnings and operational efficiency, complementing Ameriprise's ongoing banking product expansion. In the context of these developments, it's significant to note that Ameriprise's shares have seen a total return of very high value over the past five years. The consistent increase offers a broader view of the company's long-term appeal. Despite experiencing a small decline compared to the US Capital Markets industry over the past year, Ameriprise's share price outlook remains promising, trading 8.2% below the consensus analyst price target of US$518.18. This moderate gap suggests analysts view the stock as fairly valued, albeit with room for growth. Projected revenue and earnings growth, at 3.1% and 6.2% annually, respectively, are aligned with technological and strategic enhancements, indicating potential resilience amidst market challenges. Ameriprise's robust adviser recruitment and share repurchase strategies, alongside these initiatives, could sustain its market position and shareholder returns in the years to come. According our valuation report, there's an indication that Ameriprise Financial's share price might be on the cheaper side. 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. Companies discussed in this article include NYSE:AMP. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
28-05-2025
- Business
- Yahoo
S&P 500 Forecast Cut to 5,900 Over Trade Worries
The S&P 500 is set to tread water around 5,900 by year-end, Reuters' poll of 51 equity strategists shows, as tariff jitters and debt worries clip upside. Conducted May 1528, the survey points to a median 2025 target of 5,900a 9.2% cut from February's 6,500 estimatedespite the index trading in the mid-5,900s today. Tariff uncertainty tops the list of headwinds, joined by concerns over the U.S. debt balance and Moody's recent downgrade of U.S. debt. Ameriprise's Anthony Saglimbene warns, It's very difficult to forecast given the tariff uncertainty and the changing dynamics that seem to happen daily. Strategists' sliced targets underscore how policy risk can trump earnings momentum: S&P 500 companies are still on track for mid-teens profit growth next year, but escalating trade frictions could erode that edge. Investors should care because a flat-to-down market in 2025 may force portfolio shifts away from growthier sectorsand heighten the value of defensive allocations. With Fed meetings and tariff talks heating up in H2, markets will watch for any signs of de-escalation or fresh levies that could reposition year-end levels. This article first appeared on GuruFocus. Sign in to access your portfolio
CNBC
19-05-2025
- Business
- CNBC
Wall Street's rebound puts pressure on earnings to justify high stock prices
The stock market rally that followed the U.S.-China agreement to temporarily reduce tariffs appears to have run out of steam , and investors may now find themselves uneasy with where prices sit. Adam Parker, founder of Trivariate Research, said in a note to clients Sunday that the "upside-downside ratio for the S & P 500 is not particularly attractive" with the outlook for earnings looking particularly shaky. "The 20-year median Q3 year-over-year earnings growth is 4.7%. The growth in 2024 was 7.2% (higher than the long-term average) and yet estimates for 2025Q3 call for 7%. This is an above normal expectation for growth, against a more challenging than average comparison, six months lagged from the first major tariff implementation in nearly a century," Parker said. "Does this holistically make sense? We don't think so," he added. .SPX YTD mountain The S & P 500 has rebounded sharply from its April lows. The S & P 500 currently has a forward price-to-earnings ratio of about 21.6, according to FactSet, which is roughly where the market was trading in late 2024 before President Donald Trump's tariff rollout. "Investors have quickly gone from a glass-half-empty view on stocks to a glass-half-full view, which has significantly closed opportunity gaps that formed in early April," Anthony Saglimbene, Ameriprise chief market strategist, said in a note to clients Monday. To be sure, the U.S. economy has surprised to the upside quite often since the Covid-19 pandemic, and continued growth could help put a floor under the market. Michael Grant, co-CIO at Calamos Investments, told CNBC that he thinks many economists are too pessimistic about the economy and that a recession is unlikely this year. "What the market is interpreting is a broadening of stimulus across the economy, of which this whole tariff plan is just a part," Grant said. — CNBC's Michael Bloom contributed reporting.
