P/E Ratio Insights for Ameriprise Finl
Portfolio Pulse from Benzinga Insights
Ameriprise Finl Inc. (NYSE:AMP) has seen a 13.08% increase in stock price over the past month and 67.28% over the past year. Despite a recent 0.11% decrease, its P/E ratio of 17.84 is lower than the industry average of 31.39, suggesting potential undervaluation or weak growth prospects.
October 18, 2024 | 2:00 pm
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Ameriprise Finl Inc. (NYSE:AMP) has a P/E ratio of 17.84, lower than the industry average of 31.39, which may indicate undervaluation or weak growth prospects. Despite a recent 0.11% decrease, the stock has increased by 13.08% over the past month and 67.28% over the past year.
The P/E ratio of Ameriprise Finl is significantly lower than the industry average, which could suggest the stock is undervalued or that it has weak growth prospects. The recent stock performance shows a strong increase, but the low P/E ratio warrants caution. The impact on the stock price in the short term is neutral as the market may need more information to determine the true valuation.
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