NYSE$AMP
Ameriprise Financial Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Ameriprise demonstrated strong financial performance, driven by growth in revenue and earnings across its business segments.
Ameriprise Financial reported a strong third quarter in 2024, with adjusted operating earnings per diluted share increasing by 17% to $9.02, excluding unlocking and severance expenses. The company saw an 11% increase in adjusted operating net revenues, driven by organic growth, strong equity markets, and higher spread revenues. Assets under management and administration reached $1.5 trillion, a 22% increase. Ameriprise returned $713 million of capital to shareholders, highlighting its financial strength and cash flow.
- Adjusted operating earnings per diluted share increased 17% to $9.02, excluding unlocking and severance expenses.
- Assets under management and administration grew 22% to $1.5 trillion.
- Adjusted operating net revenues increased 11% due to organic growth and strong equity markets.
- The company returned $713 million of capital to shareholders.
Headline financials
Revenue & EPS history
Ameriprise · Revenue · Quarterly
$4.56B
Revenue by segment
Ameriprise · $4.11B total across 3 segments · Q3 2023
- Advice & Wealth Management$2.41B+12.6%58.6%
- Retirement & Protection Solutions$876M+11.5%21.3%
- Asset Management$826M+0.4%20.1%
Forward guidance
Ameriprise anticipates continued growth and profitability, driven by strategic investments, operational efficiencies, and a strong focus on client and advisor value propositions.
Tailwinds
- Strong revenue and earnings growth across the business.
- Positive market environment and planning expertise driving client investments.
- Significant increase in flows into fee-based investment advisory accounts.
- Strong transactional activity and advisor productivity.
- Continued drive for operating efficiencies and investments for growth.
Headwinds
- Unfavorable market impacts on the valuation of derivatives and market risk benefits.
- Annual actuarial assumption update resulting in an unfavorable after-tax impact.
- Severance expenses related to initiatives to enhance operational efficiency.
- Increased distribution expenses associated with strong sales levels.
- Mark-to-market impacts on share-based compensation.
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 2024
+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
| Quarter | Report date | Reaction (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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