Ameriprise Financial reported a strong second quarter with adjusted operating earnings per diluted share of $5.27, a 39% increase from the prior year excluding a negative prior year period tax impact. Adjusted operating net revenue was $3.4 billion, a 22% increase from strong organic growth. Assets under management and administration were up 28% to $1.2 trillion, a record high. The company returned $585 million of capital to shareholders.
Adjusted operating earnings per diluted share was $5.27, up 39% year-over-year excluding a prior year tax impact.
Adjusted operating net revenue increased 22% to $3.4 billion due to strong organic growth.
Assets under management and administration grew 28% to a record $1.2 trillion.
The company returned $585 million of capital to shareholders, representing 92% of adjusted operating earnings.
Full year operating effective tax rate is expected to be approximately 17 percent.
Visualization of income flow from segment revenue to net income
Analyze how earnings announcements historically affect stock price performance