Ameriprise Financial (AMP) Stock May Be 42% Undervalued Despite $5.5B Buyback Authorization

Ameriprise Financial has delivered a strong 85.7% total return over the past 5 years, which naturally raises the question of whether the current US$500.51 share price is adequately supported by the returns the business earns on its capital. With the stock still modestly positive year to date and recent trading a bit choppy, the focus shifts to how efficiently the company is turning its capital base into value for shareholders. A gain of 85.7% over 5 years puts long term Ameriprise Financial...