Here’s Why Piper Sandler Raised PT on Ameriprise Financial (AMP)

​The ratings travel Ameriprise’s fiscal Q1 2026 earnings, released connected April 23. During the quarter, the institution reported $4.77 cardinal successful revenue, reflecting 10.79% year-over-year maturation and topping expectations by $75.36 million. The non-GAAP EPS of $11.26 besides exceeded the statement by $1.05. Management attributed the show to its Advice & Wealth Management segment, which grew pretax adjusted operating net by 20% to scope $951 million. Moreover, the assets nether absorption besides grew 12% year-over-year to scope $1.7 trillion.

​Analyst Crispin from Piper Sandler noted that the institution posted beardown results driven by gross maturation and beardown operating margins of 28%. Both metrics topped the firm’s expectations, hence the steadfast accrued its terms target.

​Ameriprise Financial, Inc. (NYSE:AMP) operates arsenic a diversified fiscal services company. Its segments see Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.

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