Ameriprise Financial Services Stock Earnings Reports

Ameriprise delivered a strong Q3 2025: adjusted operating EPS (excluding unlocking) rose 12% to $9.92 and firm-wide adjusted operating net revenue (ex unlocking) increased 6% to $4.6 billion. Assets under management, administration and advisement reached a record $1.7 trillion (up 8% YoY). Firm-wide margin was 27% and return on equity was ~53%, reflecting high profitability and continued expense discipline. Wealth Management client assets reached $1.1 trillion with wrap assets of $650 billion; advisor productivity and experienced-advisor recruiting were healthy (90 hires this quarter). Signature Wealth rollout has early positive traction. Ameriprise Bank expanded product offerings (HELOCs, soft checking rollout) and the bank portfolio yields remain supportive of net interest income. Asset Management AUM rose to $714 billion, outflows improved sequentially to $3.4 billion, and margins were strong (42%). Retirement & Protection Solutions delivered solid earnings ($200 million pretax adjusted operating), though the annual actuarial update had a small unfavorable after-tax impact (~$5 million). Capital return remained robust: the company increased quarterly capital returned to $842 million this quarter and is targeting an ~85% payout ratio for Q4; excess capital and liquidity remain healthy. Management reiterated that the business is resilient amid a fluid macro environment, while noting two large advisor teams left to RIAs (some short-term flow impact) and minor administrative adjustments affected reported flows. Overall tone: profitable growth, strong cash generation and continued investment in digital/AI, product expansion and advisor platform capabilities, with capital returns prioritized.