Ameriprise Financial Reaches New 52-Week High (AMP)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Ameriprise Financial (NYSE: AMP) hit a new 52-week high Friday as it is currently trading at $62.25, above its previous 52-week high of $61.82 with 308,002 shares traded as of 10:25 a.m. ET. Average volume has been 1.4 million shares over the past 30 days.

Ameriprise Financial has a market cap of $12.58 billion and is part of the financial sector and financial services industry. Shares are up 23.1% year to date as of the close of trading on Thursday.

Ameriprise Financial Inc., through its subsidiaries, provides a range of financial products and services in the United States and internationally. The company has a P/E ratio of 16.7, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Ameriprise Financial as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Ameriprise Financial Ratings Report.

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