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$45.60 1.55 (3.52%)
8/28/2008 4:04 PM

Ameriprise Financial, Inc. (AMP)

CAPS Rating:
**

The Company is engaged in providing financial planning, products and services that are designed to offer solutions for its clients' asset accumulation, income and protection needs.

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Avatar bluetitan (< 20) Submitted: 7/10/08 10:39 AM : Outperform Start Price: $38.55 AMP Score: 13.74

Strong financial company that wasn't really exposed to the bad real estate market, taking a hit due to other financials going down and overall market negativity which impacts revenues for Ameriprise since they make less money on commissions if they're clients' portfolios decline. This stock will weather the storm and at $38/share I won't hesitate to pull the trigger. Five year target, will be back to about $65-$70 maybe higher once the markets rebound. Which, in five years is a pretty good be they will.

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