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Jun 30, 2020
Ameriprise Q2 2020 Earnings Report
Ameriprise Financial reported results impacted by lower interest rates and market volatility, but demonstrated strong organic growth and expense management.
Key Takeaways
Ameriprise Financial reported adjusted operating earnings per diluted share of $2.64, which included negative impacts from a tax benefit reversal and Federal Reserve rate cuts. Despite these headwinds, the company saw strong organic growth with nearly $5 billion in wrap net inflows in Wealth Management and over $2 billion in Asset Management. Adjusted operating net revenue was $2.8 billion, a 6 percent decline, while the pretax adjusted operating margin remained strong at 21 percent.
Adjusted operating earnings per diluted share was $2.64, negatively impacted by tax benefit reversal and Federal Reserve rate cuts.
GAAP net income was negatively impacted by changes in the company’s credit spread and the valuation of derivatives.
Strong organic growth was achieved with nearly $5 billion in wrap net inflows in Wealth Management and more than $2 billion in Asset Management.
Adjusted operating net revenue was $2.8 billion, a 6 percent decline due to lower interest rates and average equity markets.
Revenue by Segment
Forward Guidance
The news release contains forward-looking statements that reflect management’s plans, estimates and beliefs. Actual results could differ materially from those described in these forward-looking statements.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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