Ameriprise Financial, Inc. (NYSE:AMP) is among the 10 Most Profitable Undervalued Stocks to Buy. RBC Capital raises its price target on AMP to $605 and reiterates an Outperform rating after strong fourth-quarter earnings report, highlighting organic growth and wrap flows.

Bank of America and Piper Sandler also adjusted their views on Ameriprise following the earnings report. Bank of America raised its price target to $660, while Piper Sandler upgraded Ameriprise to Neutral and lifted its price target to $530.

Ameriprise reported fourth-quarter revenue of $4.96 billion, surpassing consensus estimates. CEO Jim Cracchiolo noted record revenue and earnings for both the quarter and the full year, with strong client activity and inflows driving performance.

Ameriprise Financial, Inc. (NYSE:AMP) provides financial planning and advice services to individual and institutional clients in the US and internationally. The company operates as a diversified financial services firm.

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Read more at Yahoo Finance: RBC Capital Raises its Price Target on Ameriprise Financial, Inc. (AMP) to $605 and Reiterates an Outperform Rating