Ameriprise Financial Inc. reported first‑quarter 2026 results that surpassed expectations on several key metrics. Revenue reached $4.81 billion, adjusted operating earnings per diluted share climbed to $11.26, and GAAP earnings per share were $9.68. The company also announced a 6 % increase in its regular quarterly dividend, raising the payment to $1.70 per share.
Revenue beat the consensus estimate of $4.67 billion, although some analysts had projected $4.786 billion. The lift was driven by a 12 % rise in total client assets to $1.7 trillion and a 16 % increase in wrap assets to $664 billion, which translated into higher fee‑based income across the Advice & Wealth Management and Asset Management segments.
Adjusted operating earnings per share outperformed the $10.20 consensus by $1.06, a 10.4 % beat. The company’s disciplined cost structure and operational leverage, combined with a favorable mix shift toward higher‑margin advisory services, underpinned the strong earnings performance.
Segment results highlighted the strength of the Advice & Wealth Management business, which reported pretax adjusted operating earnings of $951 million, up 20 % from the prior year, and a margin of 30.0 %. Asset Management generated $910 million in adjusted operating net revenues, while Retirement & Protection Solutions added $190 million in pretax adjusted operating earnings. These results demonstrate the company’s ability to generate robust earnings across its diversified business lines.
Capital return remained a priority, with the company returning 88 % of operating earnings to shareholders and raising its dividend to $1.70 per share. The dividend hike signals management’s confidence in the firm’s cash‑flow generation and its commitment to delivering value to investors.
Investors noted the narrow revenue miss relative to some consensus estimates but were reassured by the substantial EPS beat and the dividend increase. Management acknowledged ongoing market volatility and advisor departures as headwinds, while highlighting the Huntington National Bank partnership and continued asset growth as key tailwinds that support the company’s long‑term trajectory.
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