Ameriprise Sets $5.5 Billion Buyback Authorization Through Sept. 30, 2028

Ameriprise Financial established additional share-repurchase capacity and posted return on equity above 56%, while its third-quarter results included $1 billion returned and higher revenue and earnings per share. The $5.5 billion authorization runs through Sept. 30, 2028. The firm returned $1 billion during the third quarter. Adjusted operating revenue, excluding unlocking, rose 10% to $5.1 billion, and earnings per share increased 22%. Wealth Management’s margin was 29%; management expects margins to remain in that range under normal market conditions. Ameriprise shares trade on the New York Stock Exchange under AMP, the same ticker used by the separate Amp (AMP) token.

Source: TokenPost