- Ameriprise’s net revenue for the fourth quarter reached $4.50 billion, surpassing the estimated $4.42 billion.
- The Advice & Wealth Management division reported assets under management (AUM) of $570.06 billion, slightly below the expected $582.43 billion.
- Asset Management AUM was $644.91 billion, short of the anticipated $669.58 billion.
- Adjusted operating earnings per share (EPS) remained steady at $9.36.
- The net revenue for Advice & Wealth Management totaled $2.83 billion.
- Retirement & Protection Solutions generated net revenue of $960 million, beating the projected $933.8 million.
- Asset Management net revenue stood at $930 million, exceeding estimates of $900.5 million.
- Asset Management’s adjusted pretax operating earnings were $251 million, higher than the expected $243.7 million.
- Advice and Wealth Management recorded adjusted pretax operating earnings of $823 million, which was under the estimate of $840.1 million.
- The total number of financial advisors was 10,427, surpassing the forecast of 10,391.
- The adjusted operating return on equity, excluding AOCI, stood at 51.6%, above the estimated 50.9%.
- New inflows for Advice & Wealth Management amounted to +$11.07 billion.
- The investment community’s sentiment is mixed with 6 buys, 8 holds, and 1 sell rating according to the latest evaluation.
“`
A look at Ameriprise Financial Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 5 | |
| 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
Based on Smartkarma Smart Scores, Ameriprise Financial holds a promising long-term outlook. With high scores in Resilience and Momentum, the company shows strength in weathering challenges and maintaining positive stock performance. This indicates a stable and growing financial position over the long run, potentially offering consistent returns for investors.
Ameriprise Financial‘s strong focus on Growth further enhances its outlook, suggesting potential for expansion and increasing market share in the financial services industry. While Value and Dividend scores are moderate, the company’s emphasis on growth and resilience may overshadow these factors, positioning Ameriprise Financial as a solid long-term investment option for those seeking growth and stability in their portfolios.
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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