Citi Maintains Hold on Ameriprise Financial Inc (AMP)

Citi is out with its report on Ameriprise Financial AMP, maintaining Hold. In a note to clients, Citi writes, "We rate the shares of Ameriprise Hold/Medium Risk (2M). The company's asset management and financial-planning-oriented business model should consistently generate above-average earnings growth and a strong ROE. With over 2.7M clients, 11.5K advisors and approx. $375B in retail assets, it has become a key player within the retirement planning industry." Citi has a $65 PT on AMP. Shares of AMP closed Monday at $62.41, down 0.83% from Friday's close.