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Headquartered in Minneapolis, Minnesota, Ameriprise Financial, Inc. (AMP) is a prominent player in the financial services industry, with a market cap of $43.67 billion. It is known for its wealth management, asset management, and insurance offerings.
AMP has outperformed the broader market over the last year. The stock has gained 31.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 27%. However, in 2024, the stock has gained 15.8%, compared to SPX's 18.1% gains on a YTD basis.