Ameriprise Financial is trading higher in extended hours following the announcement on September 29 that the Board of Directors authorized an additional 5.5 billion dollars for share repurchases through September 30, 2028.
This capital return initiative serves as the primary catalyst, offsetting recent headwinds that included a 4.8 million dollar arbitration verdict related to trade secret allegations. While the stock faced pressure during the regular session alongside a broader decline in financial peers like Raymond James and Prudentia