$AMP

Major brokerage firms like UBS, Ameriprise, Morgan Stanley, and Merrill Lynch are implementing retention bonuses and deferred compensation to prevent advisors from leaving for independent RIAs. Advisor attrition at the Big Four wirehouses increased significantly in 2026, with a net loss of 517 advisors in the first half of the year. Ameriprise and UBS are introducing retention bonuses, while Morgan Stanley and Merrill Lynch are sticking to traditional pay structures.

Goldman Sachs initiated coverage of TAG Immobilien AG (TEG) with a Buy rating and €14.30 price target, citing expansion in Poland, high dividend yield, low vacancy in Germany, and a strong balance sheet. Ameriprise Financial and TR Property Investment Trust each now hold at least 3% voting rights in the company.

AmeriServ Financial has moved its investment services to Ameriprise Financial, providing clients with expanded wealth management services. The bank manages $525 million in assets and aims to grow this business, according to the company. AmeriServ also partners with SB Value Partners and Federated Hermes for its wealth management offerings.

Citizens Bank sued Ameriprise Financial, alleging that ex-advisor Darrell Smith violated his contract by misappropriating trade secrets and soliciting clients. Citizens claims Smith managed $194M in assets and moved $37M to Ameriprise. The firm seeks an injunction to stop Smith from contacting clients.

Ameriprise Financial's average stock price target was reduced from $568.6 to $556.1 by 10 analysts, with a range of $445 to $638. The new target suggests an 11% upside from the Oct. 16 close. The consensus rating is now 'Hold' among 16 analysts.

Wall Street analysts issued updates on multiple companies. Upgrades include Boyd Gaming (BYD) to Overweight, CoreWeave (CRWV) to Buy, Datadog (DDOG) to Outperform, and Intel (INTC) to Neutral. Downgrades include Ameriprise Financial (AMP) to Underperform, LCI Industries (LCII) to Hold, and PayPal (PYPL) to Underperform. New initiations include Azul (AZUL) with Neutral, Pinterest (PINS) with Buy, and others.

Analysts updated price targets for several companies. Bernstein raised Microsoft's target to $662, maintaining an Outperform rating. Morgan Stanley increased Global-E Online's target to $50 and upgraded it to Overweight. Other notable changes include Truist Financial, Annexon, Ameriprise Financial, Lyft, A O Smith, Hudson Pacific Properties, Boyd Gaming, and Veradermics.

BofA Securities downgraded Ameriprise Financial (AMP) to Underperform, lowering its price target to $445 from $570. The firm cited lower organic growth expectations and higher expenses in wealth and asset management. EPS estimates for 2026-2028 were also reduced. AMP's stock currently trades at a P/E ratio of 12.08, with analysts' price targets ranging from $483 to $638. Despite recent strong Q2 2026 results, BofA revised its outlook due to slower expected growth.

Ameriprise Financial (AMP) approved a $5.5B share buyback. Its stock fell 9.3% in 30 days, though 1-year and 5-year returns are 5.8% and 85.7% respectively. Analysts see it as 14% undervalued at $500.51, with a fair value of $579.45. The company returns 85-90% of earnings to shareholders. Risks include adviser turnover and asset management outflows.

BMO Capital reduced its price target for Ameriprise Financial from $560 to $520, maintaining a Market Perform rating. The company's stock closed at $494.94, with a 5-day change of +0.82% and a 1st Jan change of -0.25%.