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 $75.52, above its previous 52-week high of $75.50 with 374,386 shares traded as of 10:45 a.m. ET. Average volume has been 1.5 million shares over the past 30 days.

Ameriprise Financial has a market cap of $14.79 billion and is part of the financial sector and financial services industry. Shares are up 17.5% 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 14.2, 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 revenue growth, expanding profit margins, solid stock price performance, increase in net income and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Ameriprise Financial Ratings Report.

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