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Stock impact report

What AI stock selloffs may be getting wrong in wealth management [Yahoo! Finance]

Ameriprise Financial, Inc. (AMP) 
Last ameriprise financial, inc. earnings: 1/29 04:10 pm Check Earnings Report
US:NYSE Investor Relations: ir.ameriprise.com
Company Research Source: Yahoo! Finance
Stock swings tied to the potential impact of artificial intelligence and other questions looming over the economy have sent shares of some of the largest wealth management firms tumbling. But a half dozen publicly traded U.S. retail brokerages and wealth management firms reached record combined client asset levels, boosted net revenue by 17% and pushed up their pretax earnings by 21% through their "solid performance" last year, according to a study released earlier this month by the independent Fitch Ratings agency. Despite the recent stock volatility and varying impacts of economic factors like AI, interest rates, inflation and tariffs, the analysis suggested the underlying strength of the firms' businesses will buoy them in 2026 and beyond. READ MORE: Record-breaking RIA growth, in 5 charts Beyond the daily stock blips The Fitch study focused on Ameriprise, Edward Jones' parent company, LPL Financial, Raymond James, Charles Schwab and Stifel Financial. With the exception Show less Read more
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