Ameriprise (AMP) Stock Could Be A Bargain After Its 119% Run

Ameriprise Financial has delivered a strong multi‑year run for shareholders, which puts fresh scrutiny on what investors are actually paying for its earnings today. With the stock now trading around US$545.70 per share, the question is how closely that price lines up with the profits the business is generating. Over the past 5 years the Ameriprise Financial share price has gained about 119.2%, which raises the stakes on whether the current valuation can still be explained by its earnings...