earnings
confidence high
sentiment positive
materiality 0.75
Ameriprise Q3 adjusted operating EPS ex unlocking $7.68, up 21% YoY; Wealth Management pretax earnings up 23%
AMERIPRISE FINANCIAL INC
2023-Q3 EPS reported
$20.08
revenue$11,928,000,000
- Adjusted operating EPS ex unlocking $7.68 vs $6.35 prior year, up 21%; GAAP diluted EPS $8.14.
- Wealth Management pretax adjusted operating earnings $729M, up 23%; margin 30.3% (31.1% ex regulatory accrual).
- Total AUA/A $1.2T (+12% YoY); Wealth Management client net flows $8.9B, Asset Management net outflows $4.2B.
- Unfavorable unlocking impact $78M after-tax ($0.72/sh) from annuity assumption update.
- Returned $663M to shareholders (80% of adjusted op. earnings); Comerica Bank partnership expected to close in November.