earnings
confidence high
sentiment positive
materiality 0.75
Ameriprise Q2 adj. EPS $5.81, up 10% YoY; wealth mgmt earnings up 16%
AMERIPRISE FINANCIAL INC
2022-Q2 EPS reported
$13.16
revenue$7,168,000,000
- GAAP EPS $6.61 vs $4.88; adj. operating EPS $5.81 vs $5.27, up 10%.
- Advice & Wealth Mgmt pretax earnings $492M (+16%); margin 23.9% (+250bps).
- Asset Mgmt pretax earnings $222M (-12%); net outflows $3.1B, retail outflows $5.8B.
- Returned $600M to shareholders; on track for ~90% payout.
- Cash balances $47.4B (+21%); average yield 130bps, benefiting from rising rates.