Ameriprise Financial, Inc. · AMP · FY2025 Q2 · Calendar Q3 2025

Ameriprise: Record AUM and EPS Growth, but Outflows Persist

The quarter supports a constructive view of Ameriprise's wealth-management trajectory: record AUM, asset growth, client inflows, adviser recruiting, and technology investment were positives. The thesis remains conditional because asset-management outflows and rising distribution expenses could offset growth.

Reported Before market openNYSEFinancial Services $44.64B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $9.11 Consensus $9.00
EPS surprise +1.2% Reported versus consensus
Reported revenue $4.38B Consensus $4.34B
Revenue surprise +0.8% Reported versus consensus

Market reaction

prior-close to event-session close
Stock move -3.7% Event window
SPY move +0.0% Same window
Abnormal move -3.7% Stock minus SPY
Volume 2.0× Versus trailing sessions
Subsequent drift -2.3% Up to 20 sessions
AMPSPY benchmark

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Transcript intelligence

What changed

The latest analysis added record $1.6 trillion AUM, 11% year-over-year wealth-management asset growth, 7% adjusted operating EPS growth, a 27% consolidated margin, 73 new advisers, and an 85% payout-ratio focus. Compared with the prior quarter, the company continued expanding Signature Wealth and product offerings while asset-management outflows and distribution costs remained concerns.

Guidance delta

No new guidance was provided; prior-quarter guidance sentiment was maintained.

Key takeaways

  • Record AUM of $1.6 trillion and 11% year-over-year wealth-management asset growth were key positives.
  • Adjusted operating EPS grew 7%, while consolidated margins remained strong at 27%.
  • Asset-management outflows and rising distribution expenses remain the main offsets.

Management priorities

  • Expand Signature Wealth and unified management accounts.
  • Launch CDs, HELOCs, checking accounts, and active ETFs in the U.K. and Europe.
  • Continue technology, AI, adviser-tool, CLO, and interval-fund initiatives.

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Earnings History

Estimate Beat Miss Match
AMP EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 4 future estimate-only quarters. Q1 '24 estimate $8.20 Q1 '24 actual $8.39, beat Q2 '24 estimate $8.53 Q2 '24 actual $8.72, beat Q3 '24 estimate $8.93 Q3 '24 actual $8.83, miss Q2 '25 estimate $9.00 Q2 '25 actual $9.11, beat Q3 '25 estimate $9.77 Q3 '25 actual $9.92, beat Q4 '25 estimate $10.34 Q4 '25 actual $10.83, beat Q1 '26 estimate $10.21 Q1 '26 actual $11.26, beat Q2 '26 estimate $10.81 Q2 '26 actual $11.07, beat Q3 '26 estimate $11.77 Q4 '26 estimate $12.42 Q1 '27 estimate $12.26 Q2 '27 estimate $12.52
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Analyst Consensus ?

ConsensusBuy22 ratings
Bullish1150.0%
Neutral1045.5%
Bearish14.5%

Analyst 52W Price Targets

$490.56Current
$330Low
$508.22Average
$645High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 7, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
BMO Capital Market Perform Market PerformMaintainOct 6, 2026
Argus Research Buy BuyMaintainJul 31, 2026
RBC Capital Outperform OutperformMaintainJul 24, 2026
Keefe, Bruyette & Woods Market Perform Market PerformMaintainJul 24, 2026
Piper Sandler Neutral NeutralMaintainJul 13, 2026
Show 17 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $490.56. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Capital One FinancialBrennan Hawken$520$496.67 +6.0%Oct 6, 2026
Raymond JamesAnalyst unavailable$570$490.91 +16.2%Oct 5, 2026
Raymond JamesAnalyst unavailable$638$558.26 +30.1%Aug 21, 2026
Piper SandlerAnalyst unavailable$518$506.76 +5.6%Jul 13, 2026
Morgan StanleyMichael Cyprys$489$506.62 -0.3%Jul 10, 2026
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Company context

Snapshot as of publication

Ameriprise Financial, Inc. is a holding company, which engages in providing financial planning, asset management, and insurance services to individuals, businesses, and institutions. It operates through the following business segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other. The Advice & Wealth Management segment consists of financial planning and advice, as well as full-service brokerage services for retail clients through financial advisors.…

Historical context

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:55.686058+00:00
  3. Polygon adjusted daily market bars · 2026-10-07T21:40:42.074692+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-07T21:40:42.071400+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-07. For educational purposes only; not investment advice.