earnings
confidence high
sentiment positive
materiality 0.80
Ameriprise Q1 adjusted EPS $7.25 beats prior year $5.82; raises dividend 8% to $1.35
AMERIPRISE FINANCIAL INC
2023-Q1 EPS reported
$3.79
revenue$3,845,000,000
- Q1 adjusted operating EPS $7.25, up 25% YoY; GAAP EPS $3.79 vs $7.10 due to market impact on derivatives.
- Wealth Management pretax earnings +58% to $693M; operating margin record 30.6% vs 21.5% last year.
- AUM/A down 8% to $1.2T; client net flows $12.3B (+18%); bank/certificate assets $32.9B (+67%).
- Quarterly dividend raised 8% to $1.35; returned $641M capital to shareholders in Q1.
- Announced partnership with Comerica to add ~100 advisors and $18B AUM, expected close by year-end.