earnings
confidence high
sentiment positive
materiality 0.85
Ameriprise Q2 adjusted EPS $7.44 up 30% YoY; Wealth Mgmt margin record 31.2%
AMERIPRISE FINANCIAL INC
2023-Q2 EPS reported
$11.97
revenue$7,852,000,000
- GAAP EPS $8.21 (vs $5.37); adjusted operating EPS $7.44 (vs $5.72), up 30%.
- Wealth Management pretax adjusted margin 31.2% (record); net revenue +14%, earnings +49%.
- Assets under management $1.3T (+9%); client net flows $9.4B (+10%).
- Returned $638M capital to shareholders (79% of adj. earnings); new $3.5B buyback authorization.
- Asset Management faced $5.3B net outflows; pretax margin 30%; Retirement earnings +13%.