2024-01-31 20:30:59 ET
Summary
- Ameriprise Financial missed Q4'23 EPS expectations, but delivered decent earnings growth and margins.
- The financial adviser saw a 19% increase in client assets under management in Q4'23.
- The wealth management business looks promising and has upside momentum.
- Ameriprise Financial achieves high returns on equity and is currently valued at a P/E ratio of only 11X.
- Shares have an attractive risk profile at this valuation.
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Ameriprise Financial: 2 Reasons Why It's A Buy