Ameriprise Financial announced a 19 percent increase in adjusted operating earnings per share to a record $11.26 during the first quarter of fiscal 2026, as reported by Detik Finance. The firm reached $1.7 trillion in assets under management while navigating cautious client behavior and market volatility.
The company reported that adjusted operating revenues climbed 11 percent to reach $4.8 billion. This performance was supported by a 12 percent year-over-year increase in total assets under management, administration, and advisement, according to official company data.
Chairman and CEO Jim Cracchiolo described the period as a “strong start to the year” for the first quarter of fiscal 2026, pointing to double-digit revenue and earnings growth despite “ongoing market volatility and economic uncertainty contributing to a more cautious client behavior.”
Cracchiolo noted that return on equity rose to “more than 54%,” and assets under management, administration and advisement increasing 12% to $1.7 trillion, driven by net inflows and market appreciation.
Within the Advice & Wealth Management segment, total client assets reached $1.1 trillion. The CEO observed that wrap net inflows were $6 billion during the quarter, although management described overall flows as “lighter” due to cautious client behavior and “some lumpiness in recruiting and terminations.”
Chief Financial Officer Walter Berman said the quarter produced an operating margin of 28% and that Ameriprise returned 88% of operating earnings to shareholders through dividends and share repurchases.
The firm maintains significant liquidity to support its ongoing capital return strategy. Berman added the balance sheet remained “exceptionally strong,” with $2.3 billion in excess capital and $2.3 billion in holding company available liquidity.
Ameriprise also reported progress on growth initiatives, including the signing of a deal with Huntington Bank to add approximately $28 billion in assets and 260 advisors. Advisor productivity reached a record $1.2 million per person, representing a 10 percent increase as the firm integrates AI into workflows.
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