Ameriprise Financial reports Q4 adjusted EPS $9.36, consensus $9.05

Reports Q4 revenue $4.5B, consensus $4.48B. Perspective from Jim Cracchiolo, Chairman and Chief Executive Officer: “Ameriprise (AMP) delivered a record year in 2024, including a strong fourth quarter. We generated double-digit revenue growth with excellent earnings growth, reflecting the strength of the business and our client and advisor value propositions. Client activity and engagement were robust. Client inflows into fee-based investment advisory accounts grew to an all-time high. And with strong wealth management flows and positive markets, total client assets reached record levels. We continue to demonstrate our unique ability to navigate shifting market environments while delivering a differentiated client experience and maintaining rock-solid balance sheet fundamentals. Ameriprise consistently generates significant free cash flow, which we invest in the business and return to shareholders at a differentiated rate.”