AMP
Ameriprise Financial, Inc.
AMP has a slight edge over MS overall, supported by stronger valuation.
MS
Morgan Stanley
MS offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
AMP Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
AMP's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like AMP.
MS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
MS's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like MS.
AMP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 10x | $460 | -10% |
| Forward | 10x | $513 | — |
| Current | 12x | $513 | — |
| Fair | 14x | $624 | +22% |
| Expensive | 17x | $770 | +50% |
Historical ranges are pointers, not guarantees.
AMP has the edge over MS in the historical PE scenario, which offers more potential upside but is not a forecast.
MS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $134 | -29% |
| Fair | 14x | $178 | -5.7% |
| Forward | 14x | $189 | — |
| Current | 15x | $189 | — |
| Expensive | 18x | $223 | +18% |
Historical ranges are pointers, not guarantees.
MS's PE is in its fair range at 15x. If earnings grow as analysts expect, today's price would be 14x next year's earnings.
AMP Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for AMP, with profitability improving.
MS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for MS, with profitability improving.
AMP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $50.19 | +13% |
| Q3 2026 | $44.37 | +22% |
| Q2 2026 | $41.38 | +29% |
| Q1 2026 | $40.13 | +36% |
| Q4 2025 | $36.28 | +9.8% |
| Q3 2025 | $36.46 | +40% |
| Q2 2025 | $32.13 | +10% |
| Q1 2025 | $29.42 | +0.1% |
| Q4 2024 | $33.05 | +39% |
AMP's earnings per share have climbed steadily: $44.37 over the past year, up 22% from the year before, and higher year over year for 13 quarters in a row.
MS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.39 | +6.3% |
| Q3 2026 | $12.60 | +29% |
| Q2 2026 | $12.37 | +40% |
| Q1 2026 | $11.04 | +29% |
| Q4 2025 | $10.21 | +28% |
| Q3 2025 | $9.76 | +48% |
| Q2 2025 | $8.84 | +45% |
| Q1 2025 | $8.53 | +55% |
| Q4 2024 | $7.95 | +53% |
MS has the edge over AMP on earnings, with stronger typical year-over-year growth.
AMP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $5.1B | +6.8% |
| Q2 2026 | $4.9B | +13% |
| Q1 2026 | $4.8B | +11% |
| Q4 2025 | $5B | +10% |
| Q3 2025 | $4.8B | +9% |
| Q2 2025 | $4.4B | +3.7% |
| Q1 2025 | $4.4B | +5% |
| Q4 2024 | $4.5B | +13% |
AMP's revenue has grown year over year for 15 quarters in a row: $5.1B last quarter, up 6.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 28% | +3.4 points |
| Q2 2026 | 29% | -1.7 points |
| Q1 2026 | 24% | +8 points |
| Q4 2025 | 26% | -4 points |
| Q3 2025 | 25% | +9.8 points |
| Q2 2025 | 31% | +6 points |
| Q1 2025 | 16% | -14 points |
| Q4 2024 | 30% | +18 points |
AMP's operating margin was 28% last quarter, up 3.4 points from the same quarter a year ago.
MS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $20.3B | +12% |
| Q2 2026 | $21.3B | +27% |
| Q1 2026 | $20.6B | +16% |
| Q4 2025 | $17.9B | +10% |
| Q3 2025 | $18.2B | +18% |
| Q2 2025 | $16.8B | +12% |
| Q1 2025 | $17.7B | +17% |
| Q4 2024 | $16.2B | +26% |
MS has the edge over AMP on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 32% | -1.2 points |
| Q2 2026 | 34% | +6.9 points |
| Q1 2026 | 34% | +2.8 points |
| Q4 2025 | 32% | +2 points |
| Q3 2025 | 33% | +5.6 points |
| Q2 2025 | 28% | +0.4 points |
| Q1 2025 | 31% | +2.2 points |
| Q4 2024 | 30% | +14 points |
MS has the edge over AMP on profitability, with a higher operating margin.
AMP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.4B | -34% |
| Q2 2026 | $2.8B | +65% |
| Q1 2026 | $430M | -74% |
| Q4 2025 | $2.6B | +708% |
| Q3 2025 | $2.2B | -28% |
| Q2 2025 | $1.7B | +1.4% |
| Q1 2025 | $1.7B | +19% |
| Q4 2024 | $325M | -84% |
AMP has the edge over MS on cash generation, producing positive trailing cash flow while its opponent burns cash.
MS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$46B | -$42.7B |
| Q2 2026 | -$2.7B | -123% |
| Q1 2026 | -$7.1B | +$16.9B |
| Q4 2025 | -$2.4B | -120% |
| Q3 2025 | -$3.3B | +$14B |
| Q2 2025 | $11.8B | +368% |
| Q1 2025 | -$24B | -650% |
| Q4 2024 | $11.8B | +$29.6B |
MS's free cash flow was −$58.3B over the past year, against −$3.7B the year before. Free cash flow isn't a meaningful measure for financial services companies like MS.
AMP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.6% | -1.5M shares |
| 1 year | -6.5% | -6.4M shares |
| 3 years | -15% | -15.7M shares |
| 5 years | -23% | -27.8M shares |
| Available history | -30% | -39.9M shares |
AMP has the edge over MS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $915M |
| Q2 2026 | $779M |
| Q1 2026 | $874M |
| Q4 2025 | $895M |
| Q3 2025 | $701M |
| Q2 2025 | $581M |
| Q1 2025 | $730M |
| Q4 2024 | $665M |
AMP spent $3.5B buying back its own shares over the past year, up 29% from the year before.
MS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -3M shares |
| 1 year | -1.5% | -24M shares |
| 3 years | -4.7% | -77M shares |
| 5 years | -14% | -246M shares |
| Available history | -4.5% | -74M shares |
MS has 1.6B diluted shares, down 1.5% from a year ago.
AMP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.9x | Net Cash |
| Q2 2026 | -2.2x | Net Cash |
| Q1 2026 | -1.8x | Net Cash |
| Q4 2025 | -2.4x | Net Cash |
| Q3 2025 | -2.3x | Net Cash |
| Q2 2025 | -2.3x | Net Cash |
| Q1 2025 | -2.3x | Net Cash |
| Q4 2024 | -2.1x | Net Cash |
AMP has the edge over MS on leverage, with a lower net debt burden relative to earnings.
MS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 7.8x | High |
| Q2 2026 | 7.3x | High |
| Q1 2026 | 8.2x | High |
| Q4 2025 | 8.6x | High |
| Q3 2025 | 8.4x | High |
| Q2 2025 | 8.7x | High |
| Q1 2025 | 8.7x | High |
| Q4 2024 | 7.9x | High |
MS's net debt is about 7.8 years of its operating earnings (EBITDA), down from 8.4 years a year ago. Net leverage isn't a meaningful measure for financial services companies like MS.
AMP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.5 | Neutral |
| Stochastic | 25.4 | Neutral |
AMP's weekly RSI is 52 (neutral) and its Stochastic is 25 (neutral).
MS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.0 | Neutral |
| Stochastic | 18.7 | Oversold |
MS's weekly RSI is 45 (neutral) and its Stochastic is 19 (oversold).
AMP PE vs Financial Services Sector
| Metric | AMP | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 11% below |
| PE % | 21 | 63 | 42 pts below |
AMP has the edge over MS on valuation relative to its sector.
MS PE vs Financial Services Sector
| Metric | MS | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 13x | 15% above |
| PE % | 59 | 63 | 4 pts below |
MS is trading at 15x earnings, a 15% premium to the Financial Services sector's median of 13x.
AMP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $497.9 | 3.1% above |
| 20 week MA | $524.0 | 2% below |
| 50 week MA | $493.1 | 4.1% above |
| 100 week MA | $498.0 | 3.1% above |
| 200 week MA | $443.4 | 16% above |
AMP has the edge over MS on trend strength, trading above more of its moving averages.
MS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $186.5 | 1.5% above |
| 20 week MA | $203.3 | 6.9% below |
| 50 week MA | $191.9 | 1.4% below |
| 100 week MA | $164.9 | 15% above |
| 200 week MA | $129.3 | 46% above |
MS's trend is mixed: it's above three of its five weekly moving averages, and 46% above its 200-week average.
AMP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $166.7 | $189.7 | +14% |
| 2021 | $189.7 | $302.3 | +59% |
| 2022 | $302.3 | $308.3 | +2% |
| 2023 | $308.3 | $379.8 | +23% |
| 2024 | $379.8 | $536.0 | +41% |
| 2025 | $536.0 | $501.8 | -6.4% |
| 2026 YTD | $501.8 | $513.5 | +2.3% |
AMP has finished higher in five of the last six years. It's up 2.3% so far in 2026.
MS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $51.1 | $68.1 | +33% |
| 2021 | $68.1 | $99.3 | +46% |
| 2022 | $99.3 | $86.1 | -13% |
| 2023 | $86.1 | $93.3 | +8.3% |
| 2024 | $93.3 | $126.8 | +36% |
| 2025 | $126.8 | $181.9 | +43% |
| 2026 YTD | $181.9 | $189.2 | +4% |
MS has the edge over AMP on returns for 2026, with the stronger performance.