NEW YORK ( TheStreet) -- Shares of Ameriprise Financial Inc (NYSE: AMP) were gapping up Thursday morning with an open price 14.3% higher than Wednesday's closing price. The stock closed at $42.86 Wednesday and opened today's trading at $49. The average volume for Ameriprise Financial has been 3.5 million shares per day over the past 30 days. Ameriprise Financial has a market cap of $9.9 billion and is part of the financial sector and financial services industry. Shares are down 25.5% year to date as of the close of trading on Wednesday. Ameriprise Financial, Inc., through its subsidiaries, provides financial planning, products, and services primarily in the United States. The company operates in four principal segments: Advice & Wealth Management, Asset Management, Annuities, and Protection. The company has a P/E ratio of 8.6, below the average financial services industry P/E ratio of 9.2 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Ameriprise Financial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Ameriprise Financial Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.