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Ameriprise Financial (AMP)
NYSE:AMP
Holding AMP?
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$9.17Last Year’s EPS
$7.2Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2024
|% Change Since: 2.54%
|Next Earnings Date:Jan 22, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant growth in assets under management and strong financial performance, particularly in wealth management and asset management margins. However, challenges remain with net outflows in asset management and the decision to retain the long-term care book due to unfavorable market conditions for risk transfer.Company Guidance
During the Q3 2024 earnings call, Ameriprise Financial provided several key metrics reflecting its strong financial performance and strategic positioning. The company reported an increase in assets under management and administration to $1.5 trillion, a growth of 22%, and adjusted operating net revenue rising by 11% to $4.4 billion. Earnings per share saw a significant rise of 17%, with return on equity reaching 50.7%, up from 49.6% the previous year. In wealth management, total client assets surpassed $1 trillion, marking a 26% increase, and client net inflows were substantial, totaling $46 billion over the past year, including $8.6 billion in the quarter. The asset management segment also showed robust growth, with assets under management up 14% to $672 billion, and the company maintained a best-in-class return on equity of 51%. Additionally, Ameriprise returned $713 million of capital to shareholders in the quarter and reaffirmed its commitment to returning 80% of operating earnings to shareholders in 2024.Record Growth in Assets Under Management
Assets under management and administration reached $1.5 trillion, increasing by 22%.
Strong Financial Performance
Adjusted operating net revenue increased by 11% to $4.4 billion, with earnings up 11% and earnings per share up 17%.
Wealth Management Success
Total client assets surpassed $1 trillion, up 26%, with $46 billion in client net inflows over the past year.
Impressive Return on Equity
The return on equity was 50.7% for the quarter, up from 49.6% a year ago.
Asset Management Margin Improvement
Asset Management margin reached 41%, with operating earnings up 23% to $245 million.
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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 |
|---|---|---|---|
| Oct 23, 2024 | $518.95 | $502.74 | -3.12% |
| Jul 24, 2024 | $421.46 | $438.76 | +4.10% |
| Apr 22, 2024 | $417.12 | $403.57 | -3.25% |
| Jan 24, 2024 | $384.19 | $386.08 | +0.49% |
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 Jan 22, 2025, TBA Not Confirmed.
What is Ameriprise Financial (AMP) earnings time?
Ameriprise Financial (AMP) earnings time is at Jan 22, 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 2024 (Q4) is $9.17.
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