Morgan Stanley Reports on Shifting Metrics Within Ameriprise

Morgan Stanley has published a report on Ameriprise AMP covering earnings and further evaluating the company. In the report, Morgan Stanley wrote, "This quarters results reaffirmed our view, with solid earnings in its higher return businesses and an improvement in net flows suggesting the company remains on track to further grow its ROE going forward. While we estimate core earnings were modestly shy of expectations, the outlook remains solid from our perspective, which is at odds with the substantial sell‐off in the stock that we have seen in the past month." Morgan Stanley rated Ameriprise an Equal-weight with no price target given. Ameriprise closed Wednesday at $51.57.