Ameriprise Financial, Inc. (AMP) is a large-cap financial services company with a market cap of $42.3 billion. Despite a recent 21.5% drop from its 52-week high, AMP has underperformed the S&P 500 Index. The company reported better-than-expected Q3 results, yet its shares fell 5.1% after the earnings release.

Analysts are cautious about AMP’s future performance, with a consensus rating of “Hold” and a mean price target of $534, suggesting a 16.9% premium to current prices. AMP has also lagged behind its competitor, Raymond James Financial, Inc., raising concerns about its market position and growth potential in the industry.

Read more at Yahoo Finance: Is Ameriprise Financial Stock Underperforming the S&P 500?