Core Insights - Ameriprise Financial reported adjusted operating earnings per share of $9.11 for Q2 2025, surpassing analyst expectations of $9.00, while revenue was $4.30 billion, slightly below consensus estimates, indicating strong profitability despite mixed growth momentum [1][2] Financial Performance - Adjusted operating earnings per share (Non-GAAP) increased by 6.8% year-over-year from $8.53 to $9.11 [2] - Revenue (Non-GAAP) rose by 4.0% year-over-year from $4.17 billion to $4.34 billion [2] - Net income (GAAP) increased by 27.9% year-over-year from $829 million to $1,060 million [2] - Total assets under management reached $1.58 trillion, an 8.6% increase from the previous year [2] Business Segments Overview - Wealth management remains the primary growth driver, with total client assets reaching a record $1.08 trillion, up 11% year-over-year [5] - The asset management segment, represented by Columbia Threadneedle Investments, reported $690 billion in assets under management, a 2% increase year-over-year, despite net outflows of $8.7 billion [7] - The retirement and protection solutions segment saw a 9% rise in pretax adjusted operating earnings to $214 million, with adjusted operating net revenues increasing by 1% to $936 million [8] Strategic Developments - The company launched the Signature Wealth Program, a new unified managed account platform, aimed at simplifying investment solutions for clients and advisors [6][12] - Advisor productivity increased by 11%, reaching $1.07 million in trailing twelve-month adjusted operating net revenue per advisor [5] - The company emphasized ongoing investments in compliance, digital client service, and operational transformation to support long-term growth [10] Capital Management - Ameriprise distributed $158 million in dividends and repurchased $573 million in shares, totaling $731 million, which is about 81% of adjusted operating earnings [9] - The return on equity, excluding accumulated other comprehensive income, was 45.8% for the trailing twelve months ended Q2 2025 [9] - The balance sheet showed $7.96 billion in cash and a debt-to-capital ratio of 33.6%, down from 40.5% a year earlier [9] Future Outlook - Management did not provide explicit full-year earnings or revenue guidance but indicated that general and administrative expenses in wealth management are expected to increase by low to mid-single digits for the full year [14] - Investors are advised to monitor net client flow trends in wealth management, as this metric has slowed, and asset management's net outflows, which, while improved, remain a concern [15]

Bank of America (BAC) 2025 Conference June 11, 2025 10:30 AM ET Speaker0 Kick off with our disclosure commentary. So for important disclosures, please see the Morgan Stanley Research Disclosure website at ww.morganstanley.com, morganstanley.com/researchdisclosure. And taking a photograph use of recording devices is also not allowed. If you have any questions, reach out to your Morgan Stanley sales representative. Okay. With that out of the way, we are so thrilled and delighted to have with us today Brian Mo ...

Financial Performance - Total originations reached $2 billion, a 21% year-over-year increase, including $675 million in held-for-investment loans[27] - Pre-Provision Net Revenue (PPNR) was $738 million, up 52% year-over-year, driven by higher net interest income and non-interest income[27] - Net Interest Income increased by 22% year-over-year due to higher average interest-earning assets and lower deposit funding costs[39] - Risk-Adjusted Revenue increased by 7% year-over-year, partially offset by higher Day-1 credit provision on retained loans and additional qualitative reserves[39] - Net income was $117 million, with diluted EPS of $011[49] Balance Sheet and Efficiency - Average interest-earning assets grew by 18% year-over-year, with a net interest margin of 6%[41] - The average cost of interest-bearing deposits was 391%[26,41] - The efficiency ratio was 661%, reflecting disciplined expense management and higher marketing investment[44] Loan Portfolio and Credit Quality - The company has originated over $100 billion in loans to over 5 million members[8,28] - Total outstanding revolving consumer credit in the US is $132 trillion, with average credit card interest rates at 2137%[11] - LevelUp Savings accounts have attracted over $19 billion in deposits since August 2024[20] Guidance - The company expects total originations of $21 billion to $23 billion for Q2 2025, a 16% to 27% year-over-year increase[36,57] - The company expects Pre-Provision Net Revenue (PPNR) of $70 million to $80 million for Q2 2025, a 27% to 46% year-over-year increase[57]