NYSE$AMP

Ameriprise Financial Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Ameriprise reported strong organic growth and strategic acquisition of BMO’s EMEA asset management business.

Ameriprise Financial reported an excellent first quarter, building on the momentum from 2020. The company continues to execute its strategy well, invest for business growth and deliver meaningful results. Adjusted operating net revenue was $3.3 billion, a 10 percent increase from strong organic growth. Assets under management and administration were up 36 percent to $1.14 trillion, a record high.

  • Adjusted operating earnings per diluted share was $5.43.
  • Adjusted operating net revenue was $3.3 billion, a 10 percent increase.
  • Assets under management and administration were up 36 percent to $1.14 trillion.
  • The company returned $491 million of capital to shareholders and announced a 9 percent increase in its quarterly dividend to $1.13 per share.

Headline financials

Total Revenue

$3.36B

Previous: $3.03B+10.9%
EPS (adj)

$5.43

Previous: $5.41+0.4%
Total AUM, Administration & Advisement

$1.14T

No prior period
AWM AUM

$397B

No prior period
Free Cash Flow

$437M

Previous: $2.04B-78.5%
Net Income

$437M

Previous: $2.04B-78.5%
Operating Income

$1.67B

Previous: $1.07B+56.0%
Gross Profit

$2.54B

Previous: $1.89B+34.0%
Cash & Equivalents

$7.54B

Previous: $11.7B-35.5%
Total Assets

$166B

Previous: $146B+13.8%
Stock-Based Comp

$35M

Previous: $36M-2.8%

Revenue & EPS history

Ameriprise · Revenue · Quarterly

$3.36B

Q1 2021+10.9%vs Q1 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Ameriprise · $3.49B total across 3 segments · Q1 2021

  • Advice & Wealth Management
    $1.88B+10.9%
  • Asset Management
    $828M+20.7%
  • Retirement & Protection Solutions
    $787M-7.0%

Forward guidance

The operating effective tax rate was 14.9 percent for the first quarter. The full year operating effective tax rate is expected to be approximately 17 percent.

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 2021

Historical avgQ1 2021

+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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