Ameriprise Adds $5.5B Buyback Authorization, Boosting Capital Return
AMP sits 19% above its 52-week low of $422.37.
Summary
Ameriprise announced an additional $5.5 billion share repurchase authorization, expanding its capital return program. The new authorization is available through September 30, 2028. The company intends to fund share repurchases through existing working capital, future cash flow generation and other customary financing. As of June 30, 2026, Ameriprise had approximately $1.1 billion available from its April 2025 authorization, which is available through June 30, 2027. This follows the $4.5 billion authorization disclosed in February 2026, bringing total buyback capacity to roughly $10 billion. The company has been actively repurchasing shares while insiders have sold into strength near 52-week highs. The new authorization signals continued confidence in cash generation and a commitment to returning capital to shareholders.
At the time of this announcement, AMP was trading at $502.99 on NYSE in the Finance sector, with a market capitalization of approximately $43.9B. The 52-week trading range was $422.37 to $572.56. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.