The upcoming report from Ameriprise Financial Services (AMP) is expected to reveal quarterly earnings of $7.67 per share, indicating an increase of 10.5% compared to the year-ago period. Analysts forecast revenues of $3.87 billion, representing an increase of 6.2% year over year.Over the last 30 days, there has been an upward revision of 0.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecast ...

MINNEAPOLIS--(BUSINESS WIRE)--Ameriprise Financial Inc., (NYSE: AMP) announced that 321 of the firm’s financial advisor teams were named to the Forbes list of Best-in-State Wealth Management Teams. Forbes recognizes the industry’s top teams according to several factors, which include quality of their practices, professionalism and success in the business. The rankings are finalized based on data provided by thousands of the nation’s most accomplished advisor teams. “Congratulations to the advisors and th ...

MINNEAPOLIS--(BUSINESS WIRE)--Ameriprise Financial, Inc. (NYSE: AMP) plans to announce its fourth quarter 2023 financial results on Wednesday, January 24, 2024 after the close of the New York Stock Exchange. The company will host a conference call to discuss the results on Thursday, January 25, 2024 at 9:00 a.m. (ET). Live audio of the conference call, presentation slides and an audio replay will be available on the Ameriprise Financial Investor Relations website at ir.ameriprise.com. At Ameriprise Financ ...

The full team at Kuttin Wealth ManagementCourtesy of Kuttin Wealth ManagementTeam Name: Kuttin Wealth ManagementFirm: Ameriprise Financial AMP ServicesSenior Members: John Kuttin, Jacob Dunlap, Evan Branfman, Aaron Schenkman, Eric SzczurowskiLocation: Hauppauge, NYTeam Custodied Assets: $5.7 billionBackground: 51-year-old John Kuttin has spent his entire career at Ameriprise Financial Services, having started in 1994 when the firm was called IDS Financial Services. Over the years he built up a large team—to ...

MINNEAPOLIS--(BUSINESS WIRE)--Financial advisor Bruce Kunkle MBA, CFP®, RICP®, recently joined the branch channel of Ameriprise Financial, Inc. (NYSE: AMP) from Wells Fargo with over $100 million in assets in Conshohocken, Pennsylvania. Kunkle joined Ameriprise for comprehensive financial solutions and growth opportunities. “As a Certified Financial Planner, I was impressed by the firm’s focus on comprehensive planning and the resources to help advisors foster meaningful client relationships,” said Kunkl ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from_______________________to_______________________ Commission File No. 1-32525 AMERIPRISE FINANCIAL, INC. (Exact name of registrant as specified in its charter) Delaware ...

Ameriprise Financial, Inc. (NYSE:AMP) Q3 2023 Earnings Conference Call October 26, 2023 9:00 AM ET Company Participants Alicia Charity - Investor Relations Jim Cracchiolo - Chairman and Chief Executive Officer Walter Berman - Chief Financial Officer Conference Call Participants Steven Chubak - Wolfe Research Alex Blostein - Goldman Sachs Craig Siegenthaler - Bank of America Suneet Kamath - Jefferies Tom Gallagher - Evercore Brennan Hawken - UBS Ryan Krueger - KBW Operator Welcome to the Q3 2023 Earnings Cal ...

Ameriprise Financial Third Quarter 2023 Conference Call October 26, 2023 © 2023 Ameriprise Financial, Inc. All rights reserved. Forward-looking statements ...

Part I [Financial Statements (Unaudited)](index=3&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) Unaudited financial statements as of June 30, 2023, show $890 million net income and $169.8 billion total assets, reflecting a new accounting standard adoption [Consolidated Statements of Operations](index=4&type=section&id=Consolidated%20Statements%20of%20Operations) Consolidated Statements of Operations Highlights (in millions, except per share data) | Metric | Three Months Ended June 30, 2023 | Three Months Ended June 30, 2022 | Six Months Ended June 30, 2023 | Six Months Ended June 30, 2022 | | :--- | :--- | :--- | :--- | :--- | | **Total net revenues** | $3,876 | $3,486 | $7,618 | $7,111 | | **Pretax income** | $1,127 | $773 | $1,623 | $1,779 | | **Net income** | $890 | $614 | $1,307 | $1,439 | | **Diluted EPS** | $8.21 | $5.37 | $11.97 | $12.48 | [Consolidated Statements of Comprehensive Income](index=5&type=section&id=Consolidated%20Statements%20of%20Comprehensive%20Income) Consolidated Statements of Comprehensive Income Highlights (in millions) | Metric | Three Months Ended June 30, 2023 | Three Months Ended June 30, 2022 | Six Months Ended June 30, 2023 | Six Months Ended June 30, 2022 | | :--- | :--- | :--- | :--- | :--- | | **Net income** | $890 | $614 | $1,307 | $1,439 | | **Other comprehensive income (loss)** | $(364) | $(506) | $197 | $(1,106) | | **Total comprehensive income (loss)** | $526 | $108 | $1,504 | $333 | [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets) Consolidated Balance Sheet Highlights (in millions) | Metric | June 30, 2023 | December 31, 2022 | | :--- | :--- | :--- | | **Total assets** | $169,781 | $158,852 | | Investments | $51,376 | $44,524 | | Separate account assets | $76,874 | $73,962 | | **Total liabilities** | $165,701 | $155,049 | | Customer deposits | $35,578 | $30,775 | | **Total equity** | $4,080 | $3,803 | [Consolidated Statements of Equity](index=6&type=section&id=Consolidated%20Statements%20of%20Equity) - For the six months ended June 30, 2023, total equity increased from **$3.80 billion** to **$4.08 billion**, driven by **$1.31 billion** in net income and **$197 million** in other comprehensive income, offset by **$1.16 billion** in common share repurchases and **$284 million** in dividends[19](index=19&type=chunk) [Consolidated Statements of Cash Flows](index=7&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Consolidated Statements of Cash Flows Highlights (in millions) | Cash Flow Activity | Six Months Ended June 30, 2023 | Six Months Ended June 30, 2022 | | :--- | :--- | :--- | | Net cash provided by operating activities | $1,617 | $1,818 | | Net cash used in investing activities | $(6,020) | $(4,592) | | Net cash provided by financing activities | $4,352 | $2,607 | [Notes to Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) - The company adopted the new accounting standard for Long-Duration Contracts (ASU 2018-12) on January 1, 2023, with a transition date of January 1, 2021, resulting in a restatement of prior periods and a **$1.9 billion** reduction in total equity as of the transition date[25](index=25&type=chunk)[39](index=39&type=chunk) Impact of ASU 2018-12 Adoption on Equity (in millions) | Date | Retained Earnings Adjustment | AOCI Adjustment | Total Equity Adjustment | | :--- | :--- | :--- | :--- | | **Jan 1, 2021** | $(900) | $(1,000) | $(1,900) | | **Dec 31, 2022** | $387 | $(197) | $190 | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=80&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes Q2 2023 pretax income growth to rising interest rates and product growth, while maintaining targets of 12-15% adjusted EPS growth and over 30% adjusted ROE, with AUM & AUA reaching $1.3 trillion - The company's financial targets are **12% to 15% growth** in adjusted operating earnings per diluted share and an adjusted operating return on equity of **over 30%**[298](index=298&type=chunk) Reconciliation of GAAP to Adjusted Operating Earnings (Q2 2023 vs Q2 2022) | Metric (in millions, except per share) | Q2 2023 | Q2 2022 | | :--- | :--- | :--- | | **Net Income** | $890 | $614 | | **Adjusted Operating Earnings** | $807 | $654 | | **Diluted EPS** | $8.21 | $5.37 | | **Adjusted Operating Diluted EPS** | $7.44 | $5.72 | - Total Assets Under Management and Administration (AUM & AUA) increased by **9%** to **$1.277 trillion** as of June 30, 2023, compared to **$1.170 trillion** a year prior, driven by market appreciation and net inflows in the Advice & Wealth Management segment[313](index=313&type=chunk) [Consolidated Results of Operations](index=110&type=section&id=Consolidated%20Results%20of%20Operations) - For Q2 2023, pretax income rose **46% YoY** to **$1.13 billion**, driven by higher net investment income from rising interest rates and growth in bank and certificate products, alongside a favorable market impact on non-traditional long-duration products[315](index=315&type=chunk) - Net investment income surged by **$524 million** in Q2 2023 compared to Q2 2022, primarily due to growth in Ameriprise Bank deposits and certificate business, and the impact of rising interest rates on the investment portfolio[316](index=316&type=chunk) - For the six months ended June 30, 2023, pretax income decreased **9% YoY** to **$1.62 billion**, mainly due to an unfavorable market impact on non-traditional long-duration products and lower average equity markets compared to the prior year period[339](index=339&type=chunk) [Results of Operations by Segment](index=113&type=section&id=Results%20of%20Operations%20by%20Segment) - **Advice & Wealth Management:** Q2 2023 adjusted operating earnings increased **49% YoY** to **$731 million**, driven by higher short-term interest rates and growth in bank and certificate products, with pretax adjusted operating margin expanding significantly to **31.2%** from **23.9%**[323](index=323&type=chunk) - **Asset Management:** Q2 2023 adjusted operating earnings decreased **27% YoY** to **$162 million**, primarily due to the cumulative impact of net outflows and lower average fixed income markets[330](index=330&type=chunk) - **Retirement & Protection Solutions:** Q2 2023 adjusted operating earnings increased **13% YoY** to **$189 million**, driven by higher investment income from rising interest rates and portfolio repositioning[333](index=333&type=chunk) - **Corporate & Other:** The segment's adjusted operating loss was stable at **$60 million** in Q2 2023, with the Long-Term Care (LTC) insurance business reporting a pretax adjusted operating earning of **$1 million**, an improvement from a **$6 million** loss in the prior year period[336](index=336&type=chunk) [Liquidity and Capital Resources](index=131&type=section&id=Liquidity%20and%20Capital%20Resources) - As of June 30, 2023, the company had Available Capital for Capital Adequacy of **$5.0 billion** and maintained substantial liquidity with **$7.3 billion** in cash and cash equivalents (excluding CIEs and restricted cash)[363](index=363&type=chunk) - The parent company held **$895 million** in cash, cash equivalents, and unencumbered liquid securities as of June 30, 2023, with total estimated liquidity available to the parent company at **$2.1 billion**[363](index=363&type=chunk) - During the six months ended June 30, 2023, the company repurchased **3.2 million shares** for **$998 million** and paid **$284 million** in dividends, with an additional **$3.5 billion** authorized for share repurchases through September 2025 in July 2023[367](index=367&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=108&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's market risks include interest rate, equity price, foreign currency, and credit risk, with sensitivity analysis showing potential impacts on pretax income and a comprehensive hedging program in place Market Risk Sensitivity Analysis (as of June 30, 2023) | Scenario | Estimated Net Impact on Pretax Income (in millions) | | :--- | :--- | | **Equity Price Decline 10%** | $(303) | | **Interest Rate Increase 100 bps** | $559 | - The company is primarily exposed to changes in the British Pound related to its net investment in Threadneedle, which was approximately **£1.3 billion** as of June 30, 2023[393](index=393&type=chunk) [Controls and Procedures](index=113&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of June 30, 2023, with no material changes to internal control over financial reporting during the quarter - The Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were effective at a reasonable level of assurance as of June 30, 2023[397](index=397&type=chunk) - No changes were made to the internal control over financial reporting during the quarter that have materially affected, or are reasonably likely to materially affect, these controls[398](index=398&type=chunk) Part II. Other Information [Legal Proceedings](index=113&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various legal proceedings and regulatory inquiries, establishing accrued liabilities for probable and estimable losses, noting elevated regulatory activity - The company is involved in legal proceedings and regulatory inquiries from entities like the SEC, FINRA, and the OCC, which is normal for a diversified financial services firm, and an accrued liability is established when a loss is probable and can be reasonably estimated[287](index=287&type=chunk) [Risk Factors](index=113&type=section&id=Item%201A.%20Risk%20Factors) No material changes have occurred in the risk factors previously disclosed in the 2022 10-K report - No material changes have occurred in the risk factors previously disclosed in the 2022 10-K report[400](index=400&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=114&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During Q2 2023, Ameriprise repurchased 1.6 million shares for $310.31 average, with $0.6 billion remaining for future repurchases Share Repurchases (Q2 2023) | Month | Total Shares Purchased (Program) | Average Price Paid Per Share | | :--- | :--- | :--- | | April 2023 | 299,040 | $307.09 | | May 2023 | 665,897 | $300.30 | | June 2023 | 619,091 | $322.64 | | **Q2 Total** | **1,584,028** | **$310.31** | - In July 2023, the Board of Directors authorized an additional **$3.5 billion** for share repurchases through September 30, 2025[403](index=403&type=chunk) [Other Information](index=114&type=section&id=Item%205.%20Other%20Information) No director or officer adopted, modified, or terminated a Rule 10b5-1 trading arrangement during Q2 2023 - No director or officer adopted, modified, or terminated a Rule 10b5-1 trading arrangement during the three months ended June 30, 2023[404](index=404&type=chunk)

Ameriprise Financial, Inc. (NYSE:AMP) Q2 2023 Earnings Conference Call July 27, 2023 9:00 AM ET Company Participants Alicia Charity - SVP, IR James Cracchiolo - Chairman & CEO Walter Berman - EVP, CFO & Chief Risk Officer Conference Call Participants Alexander Blostein - Goldman Sachs Group Brennan Hawken - UBS Erik Bass - Autonomous Research Michael Anagnostakis - Wolfe Research Jeffrey Schmitt - William Blair & Company Ryan Krueger - KBW Suneet Kamath - Jefferies Craig Siegenthaler - Bank of America Merri ...