Ameriprise Financial stock faces a lower BMO target

Published on 10/08/2026 at 02:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ameriprise Financial stock was last at USD 490.46 on October 7, 2026, down 1.24 percent. Second-quarter adjusted EPS reached USD 11.07.

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Ameriprise Financial (ISIN US03076C1062) was last at USD 490.46 on the NYSE on October 7, 2026, at 3:59 p.m. ET, down 1.24 percent. BMO Capital Markets cut its price target from USD 560.00 to USD 520.00 on October 6, 2026, while keeping a Market Perform rating, as reported by MarketBeat. The revised target lies 6.0 percent above the October 7 price.

BMO lowers the valuation bar

BMO's move places a more cautious number beside Ameriprise's strong second-quarter operating performance. The USD 40.00 reduction in the target is a concrete shift in the near-term earnings view, even though the rating stayed at Market Perform.

The wider analyst picture remains more constructive. MarketBeat lists 12 analysts, with one Strong Buy, five Buy, five Hold and one Sell rating, producing a Moderate Buy consensus and an average target of USD 559.80. That average target lies 14.1 percent above the October 7 price.

Second-quarter earnings beat estimates

Ameriprise reported adjusted second-quarter earnings of USD 11.07 per share against consensus of USD 10.81, a USD 0.26 beat, according to MarketBeat. Revenue reached USD 4.90 billion versus USD 4.87 billion expected, while quarterly revenue grew 11.6 percent from the comparable period.

The same report puts the prior-year quarterly EPS at USD 9.11, making the latest adjusted EPS figure USD 1.96 higher. Ameriprise also authorized a USD 5.5 billion share-repurchase plan on September 29, 2026, allowing purchases of up to 12.3 percent of outstanding shares.

October earnings date is set

Ameriprise is scheduled to publish its third-quarter 2026 results before the market opens on October 29, 2026, followed by a 9:00 a.m. ET conference call, according to the company's Ameriprise Financial announcement. The date gives investors a defined checkpoint for testing the lower growth assumptions behind BMO's target reduction.

On October 7, Ameriprise Financial had a market capitalization of USD 44.1 billion. Its 52-week range was USD 422.37 to USD 572.56, leaving the stock USD 82.10 below its yearly high and USD 68.09 above its yearly low.

Ameriprise Financial stock stays below its yearly high

Ameriprise Financial stock was last at USD 490.46 on the NYSE on October 7, 2026, with the session range at USD 484.67 to USD 496.32. The next material checkpoint is the October 29 results release.