Updated
Updated · MarketWatch · May 7Ameriprise Financial stock slides 3.46% and underperforms rivals
12 articles · Updated · MarketWatch · May 7
- Shares closed at $458.84 on Thursday, as the S&P 500 fell 0.38% and the Dow Jones Industrial Average dropped 0.63%.
- The decline ended a three-day winning streak and left the stock 16.60% below its 52-week high of $550.18 reached on 4 February.
- Ameriprise lagged Morgan Stanley and Bank of New York Mellon, while trading volume of 604,145 was 74,030 below its 50-day average.
With conflicting analyst ratings, is Ameriprise stock a hidden gem or a value trap? Why are record profits at Ameriprise overshadowed by concerns over client and advisor departures?