BofA lowered the firm’s price target on Ameriprise to $470 from $482 and keeps a Buy rating on the shares following a core earnings beat that the firm says was driven by strong overall market returns in tandem with expense discipline. The firm is lowering its Q2, 2025 and 2026 EPS estimates to $8.62, $40.07, and $47.00, respectively, driven by refinements to its client cash sorting forecasts as well changes to its advisor payout ratio, the analyst noted.
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