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Ameriprise Financial Inc   (AMP)
Other Ticker:  
 
    Sector  Financial    Industry Investment Services
   Industry Investment Services
   Sector  Financial

Ameriprise Financial Inc 's

Competitiveness


 

AMP Sales vs. its Competitors Q2 2021



Comparing the results to its competitors, Ameriprise Financial Inc reported Total Revenue increase in the 2 quarter 2021 by 25.27 % year on year.
The sales growth was above Ameriprise Financial Inc 's competitors average revenue growth of 16.65 %, recorded in the same quarter.

List of AMP Competitors

With net margin of 17.28 % company reported lower profitability than its competitors.

More on AMP Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Ameriprise Financial Inc achieved net profit of $591 millions compare to net loss of $-539 millions recorded in same quarter a year ago.

<<  More on AMP Income Comparisons


Ameriprise Financial Inc 's Comment on Competitors and Industry Peers


We operate in a highly competitive global industry. As a diversified financial services firm, we compete directly with a variety of financial institutions, including registered investment advisors, securities brokers, asset managers, banks and insurance companies. Our competitors may have greater financial resources, broader and deeper distribution capabilities and products and services than we do. We compete directly with these for the provision of products and services to clients, as well as for our financial advisors and investment management personnel.

Our Advice & Wealth Management segment competes with securities broker-dealers, independent broker-dealers, financial planning firms, registered investment advisors, insurance companies and other financial institutions to attract and retain financial advisors and their clients. Competitive factors influencing our ability to attract and retain financial advisors include compensation structures, brand recognition and reputation, product offerings and technology and service capabilities and support. Further, our financial advisors compete for clients with a range of other advisors, broker-dealers and direct channels, including wirehouses, regional broker-dealers, independent broker-dealers, insurers, banks, asset managers, registered investment advisers and direct distributors. Competitive factors influencing our ability to attract and retain clients include quality of advice provided, price, reputation, product offerings and technology and service quality.

Our Asset Management segment competes on a global basis to acquire and retain managed and administered assets against a substantial number of firms, including those in the categories listed above. Such competitors may have achieved greater economies of scale, offer a broader array of products and services, offer products with a stronger performance record and have greater distribution capabilities. Competitive factors influencing our performance in this industry include investment performance, product offerings and innovation, product ratings, fee structures, advertising, service quality, brand recognition and reputation and the ability to attract and retain investment personnel. The ability to create and maintain and deepen relationships with distributors and clients also plays a significant role in our ability to acquire and retain managed and administered assets. The impact of these factors on our business may vary from country to country and certain competitors may have certain competitive advantage in certain jurisdictions.

Competitors of our Annuities and Protection segments consist of both stock and mutual insurance companies. Competitive factors affecting the sale of annuity and insurance products include distribution capabilities, price, product features, hedging capability, investment performance, commission structure, perceived financial strength, claims-paying ratings, service, brand recognition and financial strength ratings from rating agencies such as A.M. Best. Competitive factors affecting the sale of property casualty insurance products also include brand recognition and distribution capabilities.





  

Overall company Market Share Q2 2021

Due to strong revenue growth of 25.27 % in Overall company Ameriprise Financial Inc improved its market share, to approximate 4.11 %.



<<  More on AMP Market Share.
 

*Market share calculated with total revenue.


AMP's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Ameriprise Financial Inc 12,977 35,332 1,065 12,209
Academy Sports And Outdoors Inc 7,168 4,414 311 0
The Bank Of New York Mellon Corporation 15,648 49,570 3,658 50,300
Citigroup inc 70,454 132,716 22,847 241,000
Countrywide Financial Corporation 0 0 0 0
Cit Group Inc 2,769 5,118 715 3,360
E trade Financial Corporation 2,869 10,921 823 3,221
First Horizon Corp 3,361 9,083 1,027 0
Fifth Third Bancorp 8,212 29,995 2,712 18,351
General Electric Company 75,754 109,164 -109 305,000
General Electric Capital Corp 44,497 0 5,948 47,000
The Goldman Sachs Group Inc 55,205 138,623 20,195 34,000
Huntington Bancshares Incorporated 5,325 22,860 1,198 0
Merrill Lynch & Co., Inc. 0 0 0 0
NATIONAL CITY CORP. 0 0 0 0
Peoples United Financial Inc 1,939 7,585 600 4,856
Pnc Financial Services Group Inc 18,111 85,243 5,875 0
Regions Financial Corporation 7,162 22,578 4,149 23,723
Schwab Charles Corp 17,988 150,227 5,410 13,800
Slm Corp 2,209 5,439 1,287 1,000
SOVEREIGN BANCORP, INC. 0 0 0 0
Suntrust Banks Inc 9,119 31,305 2,687 26,281
Truist Financial Corporation 22,914 80,919 6,165 0
Talmer Bancorp, Inc. 0 0 0 1,199
SUBTOTAL 383,680 931,090 86,563 785,300


       
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