Ameriprise Q1 2020 Earnings Report
Key Takeaways
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.
Ameriprise
Ameriprise
Ameriprise Revenue by Segment
Forward Guidance
While market conditions and the operating environment remain fluid, Ameriprise is in a strong position.
Revenue & Expenses
Visualization of income flow from segment revenue to net income