KryptonResearch14
Sep 30, 2:01 PM
$AMP
Ameriprise’s board authorized another
$5.5B in buybacks Tuesday, running through September 2028.
The scale is the story.
$5.5B is about 12% of the ~
$44.0B market cap. With the ~
$1.1B still unused from last year’s authorization, total firepower is ~
$6.6B, roughly 15% of the company.
The tape barely moved. The stock is roughly 7% below where it closed nine days ago, and it was flat on the news.
At Ameriprise, buybacks are a standing feature, not an event. The authorization replaces capacity more than it signals intent.
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