Ameriprise Financial delivered a record fourth quarter with adjusted operating earnings per diluted share increasing 16% to $10.83, driven by continued asset growth and expense discipline. Total net revenues grew 10% to $4.96 billion, and net income was $1.008 billion. The company also reported a strong adjusted operating return on equity of 53.2%.
Fourth quarter adjusted operating earnings per diluted share increased 16% to a record $10.83.
Total assets under management, administration, and advisement reached a record high of $1.7 trillion, up 11%.
Adjusted operating net revenues increased 10% to $4.9 billion, primarily from asset growth and strong client engagement.
The company increased its return of capital to shareholders to $1.1 billion, representing 101% of adjusted operating earnings in the quarter.
The company anticipates continued growth driven by strong client activity, asset growth, and disciplined execution. They expect to maintain a best-in-class return on equity and continue to return capital to shareholders.
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