News summaryReuters, via Investing.comOct 19, 2026, 12:00 PM
BofA downgrades Ameriprise to Underperform, citing advisor attrition
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On Oct. 19, BofA cut AMP to Underperform from Buy and its price target to $445 from $570; AMP shares fell 3.6%. BofA cited departures of large advisor teams, including Rise, Fathom and StackStone to rivals such as Charles Schwab, and risks to earnings and margins.