Ameriprise Q1 adjusted operating EPS rises; co lifts dividend 6%

Ameriprise Financial

23/04/2026 21:24

Overview

US wealth management firm's Q1 adjusted operating EPS rose 19% to record high

Adjusted operating net revenue grew 11% on asset growth and client engagement

Company raised quarterly dividend 6% and returned $936 mln to shareholders

Outlook

Ameriprise expects full-year 2026 operating effective tax rate of 20-22%

Company continues to expect Retirement & Protection Solutions earnings in its target range over time

Result Drivers

ASSET GROWTH - Co said asset growth and higher advisor productivity contributed to revenue and earnings increases

CLIENT ENGAGEMENT - Strong client engagement in holistic financial planning and advice relationships drove higher revenues, per co

TRANSACTIONAL ACTIVITY - Increased sales of annuity products and brokerage transactions drove strong transactional activity, according to co

Company press release: ID:nBwbW8xv1a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$9.68
Q1 Net Income
$915 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy"

Wall Street's median 12-month price target for Ameriprise Financial Inc is $562.50, about 20.1% above its April 22 closing price of $468.51

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)