Ameriprise Financial Announces Additional $5.5 Billion Share Repurchase Authorization

September 29, 2026 - 23:24

The board of directors at Ameriprise Financial has approved a significant expansion of its stock buyback program, granting an additional $5.5 billion for common share repurchases. This new authorization extends through September 30, 2028, giving the financial services firm a long runway to return capital to shareholders.

The decision builds on existing repurchase capacity. As of June 30, 2026, the company still had roughly $1.1 billion remaining from an earlier authorization approved in April 2025. That prior amount remains usable until June 30, 2027. Combined, the two authorizations provide the Minneapolis-based company with substantial flexibility for its capital management strategy.

Share repurchase programs are a common way for established companies to distribute excess cash. By reducing the number of shares outstanding, buybacks can boost earnings per share and often signal management's confidence in the business outlook. Ameriprise, which trades on the New York Stock Exchange under the ticker AMP, has now secured repurchase capacity stretching several years ahead.

The announcement did not specify a timeline for when the new $5.5 billion would be deployed. Companies typically execute such programs opportunistically, depending on market conditions and available cash flow. The board's move suggests a continued emphasis on shareholder returns alongside other capital priorities.