Ameriprise Financial board authorizes $5.5 billion buyback

Ameriprise Financial Inc. (NYSE:AMP) has approved an additional $5.5 billion for share repurchases as part of its buyback program, according to a press release. The company currently has roughly $1.1 billion left from its April 2025 authorization, which remains valid until June 30, 2027. Ameriprise intends to finance the share repurchases using its existing working capital, future cash flow generation, and other standard financing methods.

The program does not mandate the purchase of a specific quantity of shares and can be initiated or halted at any time, contingent on market conditions and other factors. Ameriprise may acquire shares through open market transactions, private negotiations, block trades, or other means.