Ameriprise Q2 2024 Earnings Report

Ameriprise reported strong Q2 2024 results, driven by robust revenue growth, ongoing expense discipline, and effective capital management.

Key Takeaways

Ameriprise Financial reported excellent financial results for Q2 2024, demonstrating robust revenue growth, disciplined expense management, and effective capital management. Adjusted operating earnings per diluted share was $8.53, with a 17% increase to $8.72 excluding severance expenses. Assets under management and administration reached $1.4 trillion, up 12% from strong client net inflows and market appreciation. The company returned $693 million of capital to shareholders, reflecting its strong balance sheet and free cash flow generation.

Adjusted operating earnings per diluted share was $8.53, and $8.72 excluding severance expense.

Assets under management and administration reached $1.4 trillion, up 12 percent.

Adjusted operating net revenues increased 9 percent due to organic growth and strong equity markets.

The company returned $693 million of capital to shareholders.

Total Revenue

$4.22B

Previous year: $3.88B