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Ameriprise Financial (AMP)
NYSE:AMP
Earnings Data
Report Date
Apr 28, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
9.12Last Year’s EPS
8.39Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 29, 2025
|% Change Since: -11.93%
|Next Earnings Date:Apr 28, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance for Ameriprise, with significant growth in assets, revenue, and return on equity. The company achieved record client assets and was recognized for customer service. However, challenges included a decline in net interest income and institutional asset management outflows. Overall, the highlights significantly outweigh the lowlights.Company Guidance
During the Q4 2024 earnings call, Ameriprise Financial provided a comprehensive overview of their strong financial performance and strategic initiatives. Key metrics highlighted include assets under management, administration, and advisement reaching $1.5 trillion, a 10% increase, and total revenues rising by 13% to $4.5 billion. The company's adjusted operating earnings grew to $965 million, up 18% from the previous year, with earnings per diluted share increasing by 23% to $9.54. Ameriprise demonstrated industry-leading return on equity of 52.7%, reflecting a 3% increase from the prior year. Wealth Management saw total client assets grow by 14% to $1 trillion, driven by $11.3 billion in client inflows. The Asset Management segment reported $681 billion in assets under management and advisement and achieved strong fund performance, with 108 Columbia Threadneedle funds receiving four- and five-star Morningstar ratings. Ameriprise also noted a $768 million capital return to shareholders in the quarter, with a total of $2.8 billion returned in 2024. The company's strategic focus on digital tools, CRM, data analytics, and advisor productivity, as well as initiatives in areas like AI, are anticipated to support future growth and operational efficiency.Record Assets Under Management
Ameriprise reported assets under management, administration, and advisement of $1.5 trillion, up 10%.
Strong Revenue and Earnings Growth
Total revenues reached $4.5 billion, up 13%, and earnings were $965 million, up 18%. Earnings per diluted share increased by 23% to $9.54.
High Return on Equity
Ameriprise achieved a return on equity of 52.7%, up from 49.7% a year ago.
Wealth Management Growth
Total client assets grew to $1 trillion, up 14%, with client inflows of $11.3 billion. Wrap assets under management increased by 18% to $574 billion.
Recognition and Client Satisfaction
Ameriprise received high client satisfaction scores and was recognized by J.D. Power for outstanding customer service.
Asset Management Performance
Assets under management and advisement reached $681 billion. Nearly 70% of funds globally were above median across one- and three-year time frames.
Strong Capital Returns
Ameriprise returned $768 million in the quarter and $2.8 billion for the year, resulting in a share count reduction of 22% over five years.
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AMP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AMP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 29, 2025 | $573.55 | $546.33 | -4.75% |
| Oct 23, 2024 | $517.52 | $501.36 | -3.12% |
| Jul 24, 2024 | $420.30 | $437.56 | +4.11% |
| Apr 22, 2024 | $415.97 | $402.46 | -3.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ameriprise Financial (AMP) report earnings?
Ameriprise Financial (AMP) is schdueled to report earning on Apr 28, 2025, TBA Not Confirmed.
What is Ameriprise Financial (AMP) earnings time?
Ameriprise Financial (AMP) earnings time is at Apr 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AMP EPS forecast?
AMP EPS forecast for the fiscal quarter 2025 (Q1) is 9.12.
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