NYSE$AMP

Ameriprise Financial Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Ameriprise reported first quarter results, demonstrating strong business performance amidst market challenges and a tax benefit.

Ameriprise Financial reported strong Q1 2020 results, with adjusted operating earnings per diluted share up 46% to $5.41, driven by solid business performance and a tax benefit from a projected net operating loss. Adjusted operating net revenue grew 4% to $3.0 billion, fueled by client activity, net inflows, and higher average equity markets, which was partially offset by lower interest rates. The company's balance sheet remained strong, with significant liquidity and effective hedging strategies.

  • Adjusted operating earnings per diluted share increased by 46% due to strong business performance and a tax benefit.
  • Adjusted operating net revenue grew by 4% driven by client activity, net inflows and higher average equity markets.
  • Advice & Wealth Management and Asset Management accounted for approximately 74% of revenue and 76% of pretax adjusted operating earnings.
  • The company returned $512 million to shareholders through dividends and share repurchases.

Headline financials

Total Revenue

$3.03B

Previous: $3.15B-4.0%
EPS (adj)

$5.41

Previous: $3.75+44.3%
Free Cash Flow

$2.04B

Previous: $395M+415.4%
Net Income

$2.04B

Previous: $395M+415.4%
Operating Income

$1.07B

Previous: $1.36B-21.3%
Gross Profit

$1.89B

Previous: $2.26B-16.3%
Cash & Equivalents

$11.7B

Previous: $5.76B+102.7%
Total Assets

$146B

Previous: $144B+0.9%
Stock-Based Comp

$36M

Previous: $30M+20.0%

Revenue & EPS history

Ameriprise · Revenue · Quarterly

$3.03B

Q1 2020-4%vs Q1 2019
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Ameriprise · $3.23B total across 3 segments · Q1 2020

  • Advice & Wealth Management
    $1.7B+9.1%
  • Retirement & Protection Solutions
    $846M-2.3%
  • Asset Management
    $686M-0.4%

Forward guidance

While market conditions and the operating environment remain fluid, Ameriprise is in a strong position.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.5%

Avg return

Earnings day

+1.4%

Avg return

5 days after

+3.4%

Avg return

30 days after

53%

39 / 73 earnings

Positive

+9.9%

Q1 2020

Best reaction

-8.0%

Q3 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.5%+3.4%-1.5%
Q4 2025+4.3%+1.5%-3.3%
Q3 2025-0.3%+1.1%+0.4%
Q2 2025-2.1%-1.6%-3.2%
Q1 2025+0.5%-0.0%+6.9%
Q4 2024-4.2%-6.1%-6.0%
Q3 2024-3.0%-1.2%+10.1%
Q2 2024+4.8%+2.5%+4.3%
Q1 2024-2.2%-1.7%+5.0%
Q4 2023+0.9%+1.4%+5.0%
Q3 2023+0.9%+0.7%+12.1%
Q2 2023-1.7%-1.8%-5.8%
Q1 2023-7.7%-2.9%-6.7%
Q4 2022+1.9%+0.7%-0.4%
Q3 2022+7.7%+14.9%+22.4%
Q2 2022+4.3%+9.7%+15.3%
Q1 2022-5.5%-5.2%-5.3%
Q4 2021+1.7%+1.9%+1.4%
Q3 2021-0.6%+1.4%+1.5%
Q2 2021+0.3%+3.5%+9.6%
Q1 2021+3.0%+3.7%+2.6%
Q4 2020-2.2%-4.9%+4.7%
Q3 2020-0.8%+1.3%+17.5%
Q2 2020-1.3%+1.1%+3.1%
Q1 2020+9.9%+11.9%+40.5%
Q4 2019+3.3%+1.4%-14.4%
Q3 2019+5.0%+7.3%+12.2%
Q2 2019-1.4%+0.4%-16.5%
Q1 2019+0.1%+2.0%+1.1%
Q4 2018+4.3%+4.7%+8.9%
Q3 2018-7.9%-8.4%-7.2%
Q2 2018+1.6%+4.0%-2.8%
Q1 2018-0.7%-1.4%-1.1%
Q4 2017-2.9%-0.5%-10.1%
Q3 2017+1.9%+4.2%+3.5%
Q2 2017+5.2%+5.0%+0.6%
Q1 2017+1.9%-0.5%-5.2%
Q4 2016+5.0%+9.9%+18.5%
Q3 2016-8.0%-8.9%+16.0%
Q2 2016-0.8%-0.5%+1.2%
Q1 2016-2.1%
Q4 2015-5.9%
Q3 2015+1.6%
Q2 2015-1.1%
Q1 2015-2.4%
Q4 2014-0.6%
Q3 2014+4.4%
Q2 2014+1.6%
Q1 2014+5.8%
Q4 2013+1.9%
Q3 2013+1.9%
Q2 2013+1.1%
Q1 2013+2.0%
Q4 2012-1.6%
Q3 2012+3.3%
Q2 2012+4.7%
Q1 2012-1.9%
Q4 2011-0.5%
Q3 2011+4.5%
Q2 2011-0.4%
Q1 2011+1.8%
Q4 2007-1.2%
Q4 2010-1.2%
Q3 2010+1.3%
Q2 2010+1.4%
Q1 2009-4.2%
Q1 2010+2.0%
Q4 2009+1.0%
Q3 2008+5.1%
Q3 2009+5.1%
Q2 2008-1.1%
Q2 2009-1.1%
Q4 2008-1.1%

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