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AMP Ameriprise Financial News Story

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Ameriprise Q4 revenue and EPS beat estimates

Overview

Financial services firm's Q4 revenue rose, beating analyst expectations

Adjusted EPS for Q4 beat analyst expectations, increasing 16% yr/yr

Company's assets under management reached a record $1.7 trillion, up 11%

Outlook

Ameriprise did not provide specific guidance for future quarters or year

Result Drivers

ASSET GROWTH - Record assets under management, administration, and advisement reached $1.7 trillion, up 11%, driven by strong client inflows and market appreciation

EXPENSE MANAGEMENT - Adjusted operating net revenues increased 10% to $4.9 billion, attributed to disciplined expense management and asset growth

CLIENT ENGAGEMENT - Strong client engagement in financial planning and advice relationships boosted Advice & Wealth Management segment revenues by 12%

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 RevenueBeat$4.96 bln$4.74 bln (6 Analysts)
Q4 Adjusted EPSBeat$10.83$10.32 (11 Analysts)
Q4 EPS$10.47
Q4 Net Income$1.008 bln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 6 "hold" and 2 "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 $550.00, about 10.1% above its January 28 closing price of $499.67 The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago Press Release: ID:nBw6yj58ga 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.)

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