NYSE$AMP

Ameriprise Financial Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Ameriprise demonstrated resilience amidst market volatility, driven by strong wealth management performance and stable retirement & protection solutions.

Ameriprise Financial reported a solid third quarter, with adjusted operating earnings per diluted share excluding unlocking at $6.43, up 9% year-over-year. The company saw strong growth in Wealth Management and stable performance in Retirement & Protection Solutions, with total client net flows up significantly to over $11 billion. While market depreciation impacted revenue from Asset Management, the company maintained a strong balance sheet and returned $632 million to shareholders.

  • Adjusted operating earnings per diluted share excluding unlocking was $6.43, a 9% increase year-over-year.
  • Total client net flows increased significantly to over $11 billion.
  • Ameriprise Bank approximately doubled in size year-over-year to $18.6 billion.
  • The company returned $632 million of capital to shareholders, remaining on track to return 90% of operating earnings to shareholders for the year.

Headline financials

Total Revenue

$3.51B

Previous: $2.91B+20.6%
EPS (adj)

$6.43

Previous: $5.91+8.8%
Total AUM, Administration & Advisement

$1.1T

Previous: $1.21T-8.7%
AWM AUM

$382B

No prior period
Free Cash Flow

$548M

Previous: $1.03B-46.8%
Net Income

$548M

Previous: $1.03B-46.8%
Operating Income

$1.85B

Previous: $1.47B+25.9%
Gross Profit

$2.84B

Previous: $2.36B+20.5%
Cash & Equivalents

$9.62B

Previous: $9.55B+0.6%
Total Assets

$153B

Previous: $171B-10.2%
Stock-Based Comp

$41M

Previous: $50M-18.0%

Revenue & EPS history

Ameriprise · Revenue · Quarterly

$3.51B

Q3 2022+20.6%vs Q3 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Ameriprise · $3.75B total across 3 segments · Q3 2022

  • Advice & Wealth Management
    $2.14B+4.3%
  • Asset Management
    $823M-10.1%
  • Retirement & Protection Solutions
    $786M-5.8%

Forward guidance

The operating effective tax rate is expected to be approximately 20 percent for the full year.

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 Q3 2022

Historical avgQ3 2022

+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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