Ameriprise Q2 Earnings Beat on Higher Revenues & AUM Growth

Core Insights - Ameriprise Financial (AMP) reported second-quarter 2025 adjusted operating earnings of $9.11 per share, exceeding the Zacks Consensus Estimate of $9, reflecting a 7% increase from the previous year [1][9] - The company's total assets under management (AUM) and assets under administration (AUA) reached a record $1.58 trillion, up 9% year over year [4][9] Financial Performance - Adjusted operating total net revenues for the quarter were $4.34 billion, a 4% increase year over year, matching the Zacks Consensus Estimate [3][9] - Total GAAP net revenues also rose to $4.38 billion, up 4% year over year [3] - Adjusted operating expenses increased to $3.19 billion, a 4% rise year over year, slightly below the projected $3.24 billion [3] Net Income and Share Repurchases - After accounting for significant items, net income on a GAAP basis was $1.06 billion or $10.73 per share, up from $829 million or $8.02 per share in the prior-year quarter [2] - The company repurchased 1.1 million shares for $573 million during the reported quarter [5] Competitive Landscape - Invesco (IVZ) reported adjusted earnings of 36 cents per share, below the Zacks Consensus Estimate of 40 cents, with a 16.3% decline from the prior year due to higher operating expenses [7] - BlackRock (BLK) achieved adjusted earnings of $12.05 per share, surpassing the Zacks Consensus Estimate of $10.66, reflecting a 16% increase year over year, supported by strong revenue growth and record AUM of $12.52 trillion [8]