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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100