earnings
confidence high
sentiment neutral
materiality 0.70
Ameriprise Q3 adj. operating EPS ex. unlocking $6.43, up 9% YoY; Wealth Management earnings up 30%
AMERIPRISE FINANCIAL INC
2022-Q3 EPS reported
$18.05
revenue$10,674,000,000
- GAAP EPS $4.86 vs $8.65 prior year; net income $548M down 47% due to prior-year reinsurance gains.
- Adjusted operating EPS ex. unlocking $6.43, up 9%; driven by Wealth Management and higher interest rates.
- Advice & Wealth Mgmt pretax earnings $595M (+30%), margin 27.8% (+540bps); client net flows $11.2B (+11%).
- Asset Mgmt pretax earnings $191M (-33%) on market depreciation and outflows; AUM $546B (-6%).
- Returned $632M to shareholders in Q3; on track to return 90% of operating earnings for the year.