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Last $130.84 USD
Change Today -0.18 / -0.14%
Volume 973.5K
AMP On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 03/31/15 All times are local (Market data is delayed by at least 15 minutes).

ameriprise financial inc (AMP) Key Developments

Ameriprise Financial, Inc. to Pay $27.5 Million to Settle a Lawsuit

Ameriprise Financial Inc. will pay $27.5 million to settle a lawsuit centered on its stewardship of employee 401(k)s. On March 26, 2015 a joint motion approving the settlement was filed, marking the likely conclusion of a class action suit filed in 2011 against the Minneapolis-based financial services company. The suit, filed by the plaintiffs' attorney Jerry Schlichter, alleged that Ameriprise saddled its own 401(k) plan with low-performing mutual funds and charged its employees excessive fees for the plan's administration. If the motion is approved by U.S. District Judge Susan Richard Nelson, the settlement will cover about 24,000 current and former employees. The law firm for the plaintiffs, St. Louis-based Schlichter, Bogard & Denton, will receive $10 million of the proceeds.

Sterling National Bank Launches Private Wealth Management Services Offer with Ameriprise Financial

Sterling National Bank has launched a private wealth services program through a new relationship with Ameriprise Financial. The alliance will provide the clients of Sterling's commercial teams with access to investment and financial planning services from a number of Ameriprise Financial's top wealth management teams. Access to the services through this new relationship with Ameriprise Financial is available to Sterling clients beginning immediately, and will be delivered through Sterling's distinctive team-based delivery model.

Ameriprise Financial, Inc. Presents at RBC Capital Markets Financial Institutions Conference 2015, Mar-10-2015

Ameriprise Financial, Inc. Presents at RBC Capital Markets Financial Institutions Conference 2015, Mar-10-2015 . Venue: New York Palace Hotel, 455 Madison Avenue, New York, NY 10022, United States. Speakers: Alicia Charity, Stephanie Rabe.

Donald E. Froude to Step Down from Ameriprise Financial, Inc. as President of Personal Advisors Group

On March 3, 2015, Ameriprise Financial, Inc. announced that Donald E. Froude, President of the company's Personal Advisors Group, will be stepping down from his current position at the end of March of this year.

Ameriprise Financial, Inc. Presents at Citi Asset Manager, Broker Dealer and Exchanges Investor Conference, Mar-10-2015

Ameriprise Financial, Inc. Presents at Citi Asset Manager, Broker Dealer and Exchanges Investor Conference, Mar-10-2015 . Venue: Citi Conference Center, 153 East 53rd Street, 14th Floor, New York, NY 10022, United States.

 

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Industry Analysis

AMP

Industry Average

Valuation AMP Industry Range
Price/Earnings 15.8x
Price/Sales 2.0x
Price/Book 3.0x
Price/Cash Flow 14.8x
TEV/Sales 0.5x
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