BofA cuts target for Ameriprise Financial stock to USD 570.00

Published on 10/05/2026 at 15:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BofA now sees USD 570.00 versus USD 616.00 on October 5, 2026. Ameriprise Financial stock costs EUR 439.90 on October 5, 2026 after EUR 436.25.

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Ameriprise Financial (ISIN US03076C1062) was trading at EUR 439.90 at Lang & Schwarz on October 5, 2026 at 3:10 p.m. CEST, up 0.84 percent versus the prior close of EUR 436.25. On October 5, 2026, BofA Securities lowered its price target for the company from USD 616.00 to USD 570.00 while maintaining a Buy rating, Investing.com reported.

Buyback adds capital-return support

Ameriprise Financial announced an additional USD 5.5 billion authorization for repurchases of common stock on September 29, 2026. The program runs through September 30, 2028, giving the board a defined framework for returning capital while the company continues funding its operating businesses.

As of June 30, 2026, the company also had USD 1.1 billion available under an April 2025 authorization through June 30, 2027, according to the official Ameriprise Financial release. The authorization does not require a minimum number of purchases and allows open-market, privately negotiated and block transactions.

Second-quarter growth beat estimates

Ameriprise reported adjusted earnings of USD 11.07 per share and revenue of USD 4.94 billion for the second quarter of 2026. Revenue increased 13 percent from the year-earlier period, while adjusted operating earnings per share rose 22 percent, Investing.com reported.

The same report said adjusted earnings exceeded the estimate by 2.69 percent and revenue exceeded expectations by 2.28 percent. That combination gives the lower BofA target a clear counterpoint: operating results were ahead of estimates, but the analyst now assumes slower future growth.

Target remains above the market quote

BofA's revised USD 570.00 target remains above its former USD 616.00 level, a cut of 7.47 percent calculated from the prior target. The new target is based on a 10 times multiple applied to BofA's 2028 earnings-per-share estimate, while its 2026 estimate fell from USD 46.29 to USD 46.00.

Ameriprise had a market capitalization of USD 44.1 billion and a 52-week range of USD 422.37 to USD 572.56 as of October 2, 2026. The range places the Lang & Schwarz euro quote above the reported low and below the market's recent high, while the modest daily move keeps the current session distinct from the larger target revision.

Ameriprise Financial stock holds above its yearly low

At Lang & Schwarz, Ameriprise Financial stock was trading at EUR 439.90 on October 5, 2026 at 3:10 p.m. CEST, plus 0.84 percent versus the prior close of EUR 436.25. The further course of trading is shown by the continuously updated real-time quote of Ameriprise Financial stock.