We issued an updated research report on
Ameriprise Financial, Inc.
) on Jun 19, 2014. The company's better-than-expected first-quarter
2014 results released on Apr 28, considerable organic growth
prospects and efficient capital deployment activities seem
impressive. However, elevated expenses and an overall subdued
economic scenario keep us apprehensive
Besides maintaining a well-diversified portfolio, Ameriprise
continues to mold its products and service offering to meet
wide-ranging client needs. Going forward, we believe that new
products along with the existing will assist further revenue
Ameriprise's operating earnings per share outpaced the Zacks
Consensus Estimate by 9.1%, and increased 28.3% year over year.
Results were driven by top-line growth partly offset by higher
Moreover, following Ameriprise's strong first-quarter results, the
Zacks Consensus Estimate for 2014 climbed 3.8% to $8.26 per share
over the last 60 days. For 2015, the Zacks Consensus Estimate
advanced 3.1% to $9.37 per share over the same time period.
Despite the positives, rising expenses pose as a major challenge
for Ameriprise. As the company continues to invest in advertising
campaigns and technology upgrades, expenses will mount in the
Currently, Ameriprise has a Zacks Rank #2 (Buy).
Stocks That Warrant a Look
Other investment managers worth considering include
Woori Finance Holdings Co., Ltd.
Artisan Partners Asset Management Inc.
). While Woori Finance Holdings sports a Zacks Rank #1 (Strong
Buy), Artisan Partners Asset Management and BlackRock hold the same
Zacks Rank as Ameriprise.
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