Ameriprise Financial announced an additional $5.5B stock repurchase authorization, sending its shares higher in post-market trading. The new authorization runs alongside the company's 2025 buyback program, under which roughly $1.1B of shares remained available for repurchase through June 30, 2027; the additional $5.5B authorization extends the repurchase window through September 30, 2028. Ameriprise said it intends to fund the new buybacks through existing working capital, future cash flow generation, and other customary financing methods. Shares may be acquired in the open market, through privately negotiated transactions, block trades, or other means. The stock was 1.45% higher at $504.53 during post-market trading on Tuesday.
Ameriprise Financial IncAmeriprise authorized an additional $5.5B share repurchase program through 2028, a direct capital-return event.
