Ameriprise Financial, Inc. (AMP) Earnings
Ameriprise Financial, Inc. is expected to report next earnings on July 23, 2026 (in NaN days), with a consensus EPS estimate of $10.81. AMP has beaten EPS estimates in 9 of its last 12 reported quarters (average surprise +4.4% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $10.21 | $11.26 | +10.3% | $4.9B | +3.6% |
| Jan 29, 2026 | $10.34 | $10.83 | +4.7% | $5.0B | +5.8% |
| Oct 30, 2025 | $9.77 | $9.92 | +1.5% | $4.9B | +6.0% |
| Jul 24, 2025 | $9.00 | $9.11 | +1.2% | $4.4B | +0.8% |
| Apr 24, 2025 | $9.08 | $9.50 | +4.6% | $4.4B | -1.5% |
| Jan 29, 2025 | $9.05 | $9.36 | +3.4% | $4.5B | +0.3% |
| Oct 23, 2024 | $8.93 | $8.83 | -1.1% | $4.4B | +2.0% |
| Jul 24, 2024 | $8.53 | $8.72 | +2.2% | $4.2B | -0.5% |
| Jan 24, 2024 | $7.67 | $7.75 | +1.0% | $4.0B | +2.0% |
| Oct 25, 2023 | $7.56 | $6.96 | -7.9% | $3.9B | +1.3% |
| Jul 26, 2023 | $7.38 | $7.44 | +0.8% | $3.9B | +0.4% |
| Jan 25, 2023 | $6.35 | $6.94 | +9.3% | $3.6B | +4.5% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 23, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Ameriprise delivered strong first quarter results with adjusted operating revenues up 11% to $4.8 billion, EPS up 19% to $11.26, and ROE over 54%. - Assets on management, administration, and advisement grew 12% to $1.7 trillion. - Signed a multi-year agreement with Huntington Bank to be the retail investment program provider, expected to add ~260 advisors and $28 billion in assets. - Invested in technology platform with embedded AI and automation, and expanded Signature Wealth UMA product capabilities. - Bank assets exceed $25 billion, with plans to strengthen pledge lending.
Guidance
- Continued to view shares as an attractive buying opportunity and increased share repurchases. - Board approved a 6% increase in dividend. - Anticipated Huntington Bank inflow in the fourth quarter.
Segment performance
Wealth management: Adjusted operating net revenues increased 14% to $3.2 billion. Client assets grew 12% to $1.1 trillion, and WRAP assets increased 16% to $664 billion. Advisor productivity reached a new high of $1.2 million per advisor, up 10% year-over-year. Asset management: Operating earnings increased 13% to $273 million. Total assets under management, administration, and advisement increased 8% to $706 billion. Retirement and protection solutions: Pre-tax adjusted operating earnings was $190 million. Balance sheet: Excess capital position of $2.3 billion and available liquidity of $2.3 billion.
Risks & headwinds
- Market volatility and economic uncertainty leading to cautious client behavior. - Aggressive recruiting environment with potential impact on flows and profitability. - Geopolitical volatility affecting retail flows in EMEA.
Analyst Q&A
Q: Why didn't Ameriprise lean in more to return more than 88% of operating earnings in 1Q26 and should we expect 2Q26 capital return levels more in line with 4Q25 if the stock stays at current level?
A: As indicated, will be buying back 85% to 90%, looking at PE ratio.
Q: Could you quantify the outflows from the Comerica advisors?
A: ECO America outflow started with acquisition in fourth quarter, expected to continue and accelerate in second and third quarter, Huntington inflow in fourth quarter.
Q: How are you thinking about AI tools optimization of cash?
A: Cash contribution is small to earnings, bank development with lending and savings programs, not major change to cash held.