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Mar 31, 2024
Ameriprise Q1 2024 Earnings Report
Ameriprise reported a good quarter, driven by wealth management growth and aided by positive markets.
Key Takeaways
Ameriprise Financial reported strong first-quarter results, with adjusted operating earnings per diluted share up 16 percent. Wealth Management was a primary growth driver, with assets under management and administration reaching $1.4 trillion. The company returned $650 million of capital to shareholders and increased its quarterly dividend by 10 percent.
Adjusted operating earnings per diluted share increased by 16 percent.
Assets under management and administration reached $1.4 trillion, up 15 percent.
The company returned $650 million of capital to shareholders.
Wealth Management continues to be the primary growth driver.
Ameriprise
Ameriprise
Ameriprise Revenue by Segment
Revenue by Segment
Advice & Wealth Mgmt net Revenue
CapyFin.comAsset Mgmt net Revenue
CapyFin.comRetirement & Protection net Revenue
CapyFin.com Forward Guidance
Ameriprise Financial did not provide specific forward guidance in this earnings report. However, they expect mid-single digit growth in general and administrative expenses for the full year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income