P/E Ratio Insights for Ameriprise Finl
Portfolio Pulse from Benzinga Insights
Ameriprise Finl Inc. (NYSE:AMP) shares are currently trading at $334.09, after a 0.93% decrease. Over the past month, the stock decreased by 0.01%, but over the past year, it spiked by 31.97%. The company's P/E ratio is 15.33, lower than the Capital Markets industry average of 42.11, which could indicate that the stock is undervalued or that shareholders do not expect future growth.
September 22, 2023 | 6:30 pm
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Ameriprise Finl Inc.'s stock decreased by 0.93% and its P/E ratio is lower than the industry average, indicating potential undervaluation or lack of future growth expectation.
The decrease in Ameriprise Finl Inc.'s stock price and its lower P/E ratio compared to the industry average could indicate that the stock is undervalued. However, it could also suggest that shareholders do not expect future growth, which could negatively impact the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100