Ameriprise Financial Inc (AMP): Today's Featured Financial Services Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Ameriprise Financial ( AMP) pushed the Financial Services industry lower today making it today's featured Financial Services laggard. The industry as a whole closed the day up 0.1%. By the end of trading, Ameriprise Financial fell $1.71 (-1.6%) to $105.90 on average volume. Throughout the day, 1,530,445 shares of Ameriprise Financial exchanged hands as compared to its average daily volume of 1,163,400 shares. The stock ranged in price between $105.36-$107.58 after having opened the day at $107.36 as compared to the previous trading day's close of $107.61. Other companies within the Financial Services industry that declined today were: Direxion Daily Gold Miners Bear 3X Shares ( DUST), down 9.5%, Tiptree Financial ( TIPT), down 7.5%, PowerShares DB Base Metals Double Short ETN ( BOM), down 6.7% and Palmetto ( PLMT), down 5.2%.

Ameriprise Financial, Inc., through its subsidiaries, provides a range of financial products and services in the United States and internationally. Ameriprise Financial has a market cap of $20.6 billion and is part of the financial sector. Shares are down 6.5% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Ameriprise Financial a buy, no analysts rate it a sell, and 3 rate it a hold.

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

On the positive front, US Global Investors ( GROW), up 16.3%, Paulson Capital ( PLCC), up 15.1%, First Marblehead Corporation ( FMD), up 10.2% and Direxion Daily Gold Miners Bull 3X Shares ( NUGT), up 9.9% , were all gainers within the financial services industry with Franklin Resources ( BEN) being today's featured financial services industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial services industry could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial services industry could consider Proshares Short Financials ( SEF).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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