- Ameriprise’s net revenue for Q2 2024 was $4.22 billion, matching estimates of $4.21 billion.
- Total assets under management (AUM) reached $1.13 trillion, slightly below the estimated $1.14 trillion.
- Advice & Wealth Management AUM was $531.27 billion, just under the estimated $534.03 billion.
- Asset Management AUM was $641.88 billion, falling short of the $650.29 billion estimate.
- Adjusted operating EPS came in at $8.53.
- Advice & Wealth Management net revenue totaled $2.64 billion.
- Retirement & Protection Solutions net revenue was $928 million, surpassing the $898.7 million estimate.
- Asset Management net revenue was $848 million, below the $860 million estimate.
- Asset Management adjusted pretax operating earnings were $218 million, slightly above the $216.5 million estimate.
- Advice and Wealth Management adjusted pretax operating earnings stood at $822 million, exceeding the $801.3 million estimate.
- The company had a total of 10,392 financial advisors, just one short of the 10,393 estimate.
- Adjusted operating return on equity, excluding AOCI, was 48.9%, slightly below the estimate of 49.9%.
- Advice & Wealth Management achieved new flows of +$7.52 billion, outperforming the estimated +$6.61 billion.
- Analyst recommendations include 8 buys, 6 holds, and 1 sell.
A look at Ameriprise Financial Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Ameriprise Financial shows a strong long-term outlook. With a Growth score of 5, the company is positioned for significant expansion and development in the future. This indicates a potential for robust revenue growth and likely opportunities for investment. Additionally, Ameriprise Financial displays a high Resilience score of 4, implying its ability to withstand economic challenges and market fluctuations, adding a layer of stability to its overall outlook.
In contrast, Ameriprise Financial‘s Value and Dividend scores, both at 2, suggest that the company may not be currently undervalued or paying high dividends. However, with a Momentum score of 3, there is a moderate positive trend in the company’s stock price performance. Overall, Ameriprise Financial, Inc. appears to be well-positioned for sustained growth and resilience in the long term as a financial planning and services firm catering to a range of client needs.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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