Citigroup Maintains Buy Rating On AMP

Analysts at Citigroup reiterated their Buy rating on shares of Ameriprise Financial (AMP) and kept the $50 price target intact. After a positive earnings report, Citigroup stated that "Improved earnings outlook reflects growing confidence in management’s ability to successfully leverage recent acquisition of Columbia Asset Management into sustainable margin expansion and ROE improvement which in turn should support a steadily expanding valuation. Ameriprise Financial provides financial planning, products, and services primarily in the United States.