earnings
confidence high
sentiment positive
materiality 0.75
Ameriprise Q1 adjusted EPS $8.39, up 16% YoY; raises dividend 10%
AMERIPRISE FINANCIAL INC
2024-Q1 EPS reported
$9.46
revenue$4,325,000,000
- Adjusted operating EPS $8.39 vs $7.25; GAAP EPS $9.46 vs $3.79 (prior-year included unfavorable market impacts).
- Adjusted operating net revenues up 11% YoY; total AUM/AUA reached $1.4 trillion (+15% YoY).
- Quarterly dividend raised 10% (amount not specified); $650M returned to shareholders in Q1.
- Advice & Wealth Mgmt pretax earnings $762M (+10%); client assets $954B (+19%).
- Asset Mgmt pretax earnings $206M (+25%) on market gains and expense discipline, though net outflows $5.7B.