Did Ameriprise Financial beat or miss consensus estimates last quarter?

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What were the key takeaways from Ameriprise Financial’s earnings call?

What does Ameriprise Financial do and what are its main business segments?

What guidance did Ameriprise Financial's management provide for the next earnings period?

What is the revenue and EPS growth rate for Ameriprise Financial year over year?

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What is Ameriprise Financial's latest dividend and current dividend yield?

- **Revenue & EPS Growth**: 6% revenue growth to $4.6B, 12% EPS increase to $9.92, driven by AUM expansion and expense control.
- **Strategic Initiatives**: Signature Wealth platform launch successful; digital adoption metrics hit all-time highs.
- **Advisor Recruitment**: 90 new advisors hired, productivity up 10%, despite two large team departures.
- **Financial Strength**: 90% free cash flow generation, $842M capital returned in Q3, best-in-class 53% ROE.
- **Bank Resilience**: Bank portfolio yield of 4.6% with stable cash earnings; new investments at 5.3% yield.

**【CEO Summary Section】**
- Ameriprise delivered Q3 revenue growth of 6% to $4.6 billion, driven by 8% AUM growth to $1.7 trillion.
- Adjusted operating EPS, excluding unlocking, rose 12% to $9.92, with a 27% firm-wide margin.
- Signature Wealth platform launch is gaining traction, with early success in attracting new assets.
- Experienced advisor recruitment reached 90 in Q3, with advisor productivity up 10% to $1.1 million.
- Digital adoption metrics hit all-time highs, including mobile app satisfaction and Advice Insights usage.

**【CFO Financial Commentary】**
- GAAP net income was $420 million, with Non-GAAP EPS of $9.92 (up 12% YoY).
- G&A expenses improved 3%, targeting a 3% full-year decline.
- Wealth Management net revenues rose 9% to $3 billion, supported by fee-based and transactional growth.
- Asset Management operating earnings increased 6% to $260 million, with AUM up 8% to $714 billion.
- Retirement & Protection Solutions generated $200 million in pretax earnings, driven by annuity demand.
- Free cash flow generation remained strong at 90%, with $842 million returned to shareholders in Q3.

**【Q&A Highlights】**
- **Advisor Departures**: Two large teams exited, impacting flows, but pipeline remains strong with 90 new hires.
- **Cash Balances**: Sweep balances stable at $27.1 billion, reflecting cautious client behavior amid market uncertainty.
- **Bank Strategy**: Bank portfolio yield of 4.6% (duration 3.7 years) supports stable cash earnings; new purchases at 5.3% yield.
- **AM&A Impact**: Comerica relationship remains strong, with $15 billion in assets under management.
- **Expense Management**: Asset Management G&A down 1% YoY, targeting mid-single-digit full-year decline.
- **Interest Rate Sensitivity**: Bank net interest income expected to remain stable with reinvestments at 4.5-5% yields.

Ameriprise Financial, Inc. (AMP) Q3 2025 Earnings Call Transcript

- **Record Financial Performance**: Q2 EPS up 7% to $9.11, with AUM reaching $1.6 trillion.
- **Wealth Management Growth**: Client assets +11%, adviser productivity +11%, and Signature Wealth platform launch.
- **Asset Management Resilience**: 99% of funds rated 4/5 stars, despite $8.7 billion outflows.
- **Shareholder Returns**: $3 billion returned over 12 months, targeting 85% payout ratio.
- **Strategic Investments**: AI, digital tools, and new banking products driving long-term growth.

**【CEO Opening Remarks】**
- Ameriprise reported strong Q2 2025 results with adjusted operating EPS of $9.11, up 7% YoY, driven by asset growth and expense discipline.
- Assets under management reached a record $1.6 trillion, supported by wealth management client flows and market recovery.
- Emphasis on strategic investments in AI, client experience, and digital capabilities, with a focus on maintaining expense discipline.

**【CEO Business Highlights】**
- **Wealth Management**: Client assets grew 11% to $1.1 trillion, with wrap assets up 15% to $615 billion. Adviser productivity rose 11% to $1.1 million per adviser. Signature Wealth platform launched to enhance holistic asset management.
- **Banking**: Total assets grew 6%, with loan growth driven by new products like CDs and HELOCs. Wealth management margin remained best-in-class at 29%.
- **Asset Management**: AUM reached $690 billion, up 5% QoQ. Equity performance ranked top 70% over 5 years, with 99% of funds rated 4/5 stars by Morningstar. Outflows of $8.7 billion were attributed to institutional redemptions.
- **RPS (Retirement & Protection Solutions)**: Sales of $1.4 billion, with structured annuities up 25% QoQ. Margins remained strong at 29%.

**【CFO Financial Commentary】**
- Adjusted operating net revenues: $4.3 billion (+4% YoY)
- G&A expenses: $435 million (+6% QoQ, +3% YoY)
- Free cash flow generation: 90% of operating earnings
- Shareholder returns: $3 billion over 12 months, targeting 85% payout ratio for H2
- ROE: 52% (best-in-class)

**【Q&A Highlights】**
- **Recruitment Strategy**: 73 new advisers added in Q2, with competitive packages focused on long-term productivity. Pipeline remains strong despite market volatility.
- **Distribution Expenses**: 67% of compensable revenue, driven by trading activity and deferred comp. Expected to remain stable.
- **Bank Funding**: New CDs and checking accounts to support loan growth. Net interest income improving as higher-yielding securities roll over.
- **Asset Management Flows**: Institutional outflows offset by retail gross sales growth. Active ETFs and SMAs driving new opportunities.
- **M&A Activity**: No plans for large-scale acquisitions; focused on organic growth and strategic partnerships.


Ameriprise Financial, Inc. (AMP) Q2 2025 Earnings Conference Call Transcript

- **EPS Growth Leadership**: 13% YoY increase to $9.50, outpacing peers with 5% revenue growth and 5% expense decline.
- **Wealth Management Strength**: $1T AUM, 12% adviser productivity growth, and $10.3B inflows highlight client engagement.
- **Signature Wealth Innovation**: New UMA platform positions for enhanced client retention and asset management integration.
- **Bank Resilience**: Floating rate portfolio reduced to 15%, supporting stable NII despite rate cuts.
- **Shareholder Returns**: $4.5B buyback and 8% dividend hike reflect capital discipline and confidence.
- **Active Management Edge**: 43% margin expansion in Asset Management despite $18.3B outflows, driven by fee rate stability.

**【CEO Summary Section】**
- Ameriprise reported a strong start to 2025 with adjusted operating EPS up 13% to $9.50, driven by Wealth Management flows and expense discipline.
- Wealth Management assets grew to $1 trillion, with $10.3 billion in client inflows and 12% increase in revenue per adviser to $1.1 million.
- Signature Wealth UMA platform launched to streamline client portfolio management and enhance adviser productivity.
- Asset Management outflows of $18.3 billion were offset by strong fee-based revenue growth and 43% margin expansion.
- Share buyback authorization increased to $4.5 billion, with an 8% dividend hike.

**【CFO Financial Commentary】**
- Total revenues rose 5% to $2.8 billion, with 5% decline in operating expenses due to cost transformation initiatives.
- Wealth Management margin remained stable at 29%, supported by transactional activity and wrap flows.
- Bank net interest income stabilized through floating rate reduction to 15% and liability growth at 5.5% yield.
- Free cash flow generation of 90% enabled $765 million returned to shareholders in Q1.

**【Q&A Key Takeaways】**
- **Adviser Recruitment**: 82 new advisers joined in Q1, with pipeline strong in Q2, driven by tech platform and balance sheet strength.
- **Signature Wealth Impact**: Expected to enhance client engagement and asset management flows through integrated UMA platform.
- **Cash Levels**: Client cash balances remain elevated at $86 billion, presenting future deployment opportunities.
- **Asset Management Strategy**: Focus on active ETFs, SMAs, and model delivery to offset outflows; 101 Morningstar 4/5-star funds highlight performance.
- **Bank Earnings Stability**: Floating rate reduction and liability growth support net interest income despite Fed rate cuts.
- **Acquisition Flexibility**: Strong excess capital ($2.4B) and liquidity ($2.5B) enable opportunistic investments in volatile markets.

Ameriprise Financial (AMP)-24 Apr 25-2025 Q1 Earnings call transcript

- **Q4 Record Results**: $4.5B revenue, 23% EPS growth, 52.7% ROE, and $1.5T AUM.
- **Wealth Management Dominance**: $1T client AUM, 18% wrap AUM growth, and 13% adviser productivity rise.
- **Capital Efficiency**: 90% free cash flow, $2.8B annual capital return, and 22% share reduction over 5 years.
- **Bank Expansion**: Launching HELOCs, CDs, and checking accounts to boost lending and deposits.
- **AI Innovation**: Automation reducing costs, Generative AI in testing for client engagement and research.
- **Long-Term Growth**: 17% CAGR in EPS, 8% CAGR in revenue over 5 years, and best-in-class ROE.


**【CEO Opening Remarks】**
- **Record Performance**: Q4 revenue of $4.5B (+13% YoY), EPS of $9.54 (+23%), and ROE of 52.7% (vs. 49.7% YoY). Total AUM reached $1.5T (+10%).
- **Wealth Management Growth**: Client AUM hit $1T (+14%), with $11.3B inflows. Wrap AUM grew 18% to $574B, driven by 59% surge in wrap flows.
- **Adviser Productivity**: Revenue per adviser hit $1M (+13%), supported by digital tools and CRM. 91 new advisers recruited in Q4.
- **Bank Expansion**: Assets exceed $23B, with plans to launch HELOCs, checking accounts, and fixed-rate CDs in 2025.
- **Culture & Recognition**: 90% advisers recommend Ameriprise as a workplace. Named one of America's Most Responsible Companies.

**【CFO Financial Breakdown】**
- **Revenue Drivers**: Wealth Management (+18%), Asset Management (+29%), and Retirement Solutions (+5%) all outperformed expectations.
- **Expense Management**: G&A expenses grew 5% YoY, with 27% consolidated margin. Free cash flow generation remained stable at 90%.
- **Capital Return**: $768M returned in Q4 ($2.8B annualized), with $12B returned over 5 years (22% share reduction).
- **Segment Highlights**: 
  - **Wealth Management**: 29% margin, $823M pre-tax earnings, and 13% revenue growth.
  - **Asset Management**: $251M pre-tax earnings (+29%), 39% margin, and $1.3B net inflows.
  - **Retirement Solutions**: $213M pre-tax earnings, 26% sales growth in protection products.

**【Q&A Key Takeaways】**
- **Bank NII Outlook**: Stable with 87% fixed assets, but cautious on rate cuts' impact. HELOCs and pledge loans to drive loan growth.
- **Cash Balances**: $85.4B (8% of AUM) expected to decline as rates normalize. Sequential $2.3B sweep growth signals re-deployment.
- **AI Deployment**: Intelligent automation reducing costs, Generative AI in testing for client engagement and research.
- **Long-Term Care**: $62M annualized earnings, benefiting from rate increases and claim management.
- **M&A Strategy**: Focused on adviser recruitment and channel expansion, with limited inorganic activity due to market pricing.


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