Ameriprise Financial reports Q2 adjusted EPS $8.72, consensus $8.53

Reports Q2 revenue $4.22B, consensus $4.22B. Perspective from Jim Cracchiolo, Chairman and Chief Executive Officer: “Ameriprise delivered another good quarter and a strong first half of the year. Our financial results were excellent, reflecting robust revenue growth, ongoing expense discipline and effective capital management. Client activity and flows into fee-based investment advisory accounts were up nicely as clients begin to put money back to work. Ameriprise has a powerful and differentiated financial foundation. Our business generates significant free cash flow that we consistently invest in our capabilities, solutions, and people and return to shareholders. In the quarter, we committed $693 million to share repurchases and dividends, which is consistent with our plans, while still maintaining a strong excess capital position. We’re positioned well as we move through the second half of the year, and I feel very good about our focus and how we’re executing. I’d highlight that Ameriprise celebrated our 130-year anniversary in June, joining a select number of firms with this legacy of success. It provided the opportunity for us to both reflect on our history of serving clients’ most important financial needs and our significant opportunity ahead.”