- Ameriprise Financial reported a net revenue of $4.40 billion, surpassing the estimated $4.28 billion.
- Total assets under management were $1.19 trillion, exceeding the estimated $1.17 trillion.
- Advice and Wealth Management reported assets under management at $565.15 billion, above the estimated $562.43 billion.
- Asset Management’s assets under management reached $672.11 billion, higher than the estimated $653.99 billion.
- The adjusted operating earnings per share (EPS) stood at $8.10, with EPS excluding unlocking at $8.83.
- Advice and Wealth Management saw net revenue of $2.74 billion.
- Retirement and Protection Solutions reported net revenue of $973 million, beating the $911.1 million estimate.
- Asset Management generated net revenue of $882 million, surpassing the $859 million estimate.
- Asset Management adjusted pretax operating earnings were $245 million, exceeding the expected $226.4 million.
- Advice and Wealth Management adjusted pretax operating earnings were slightly below estimates, at $826 million versus the expected $833.4 million.
- The total number of financial advisors was 10,368, just below the estimated 10,415.
- The adjusted operating return on equity, excluding AOCI, was 49.6%, surpassing the estimated 45.9%.
- New flows in Advice and Wealth Management amounted to +$7.99 billion.
- The effective tax rate for the full year is expected to range between 20% and 21%.
- Analyst ratings: 7 buys, 7 holds, and 1 sell.
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A look at Ameriprise Financial Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
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
The Smartkarma Smart Scores for Ameriprise Financial indicate a positive long-term outlook for the company. With high scores in Growth and Momentum, Ameriprise Financial is positioned for strong future expansion and market performance. These scores suggest that the company is likely to experience continued growth and maintain its upward momentum in the financial services industry.
Ameriprise also demonstrates resilience, which indicates its ability to withstand economic challenges and market fluctuations. While Value and Dividend scores are moderate, the company’s strong performance in Growth, Momentum, and Resilience factors point towards a promising future for Ameriprise Financial as a financial planning and services firm.
Ameriprise Financial, Inc. is a financial planning and services firm. The Company provides financial planning, products and services that are designed to be utilized as solutions for its clients’ cash and liquidity, asset accumulation, income, protection, and estate and wealth transfer 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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