Ameriprise Financial, Inc. · AMP · FY2026 Q3 · Calendar Q4 2026

Ameriprise posts strong Q3 as AI investment and advisor growth accelerate

Ameriprise's Q3 supports a constructive operating trajectory: asset growth, advisor productivity and financial-institution partnerships are strengthening the franchise, while AI investment broadens future capacity. The main counterweights are recruiting costs, softer institutional and fixed-income flows, and market sensitivity.

Reported Before market openNYSEFinancial Services $43.98B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $11.26 Consensus $11.77
EPS surprise -4.3% Reported versus consensus
Reported revenue $5.08B Consensus $5.10B
Revenue surprise -0.5% Reported versus consensus

Market reaction

prior-close to event-session close
Stock move +1.7% Event window
SPY move -0.4% Same window
Abnormal move +2.0% Stock minus SPY
Volume 1.5× Versus trailing sessions
Subsequent drift 0.0% Up to 20 sessions
AMPSPY benchmark

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Transcript intelligence

What changed

Management highlighted continued growth in assets, revenue, EPS and advisor productivity; introduced early-release AI meeting-prep and service-assistant tools; and expanded capital-return capacity with a new repurchase authorization. Huntington Bank remains a major advisor-asset addition, with Cadence Bank planned for 2027.

Guidance delta

Guidance sentiment was maintained. Management's forward priorities point to broader AI workflows in 2027, additional premium equity-income and alternative offerings, continued financial-institution team acquisitions, and ongoing share repurchases.

Key takeaways

  • Operating momentum remained strong, with higher assets, revenue, EPS and return on equity.
  • Advisor productivity reached a record level, supported by recruiting, retention and technology investment.
  • Huntington and Cadence expand the financial-institution partnership pipeline.
  • Capital allocation and AI investment both increased, but flows and recruiting economics remain important watch points.

Management priorities

  • Deepen AI capabilities through data integration and automated workflows in 2027.
  • Expand premium equity-income, alternative and public-private investment offerings.
  • Continue financial-institution advisor acquisitions and maintain share repurchases.

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Earnings History

Estimate Beat Miss Match
AMP EPS earnings history estimate and actual scatter chart 10 reported fiscal quarters and 4 future estimate-only quarters. Q4 '23 estimate $7.67 Q4 '23 actual $7.75, beat 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 Q3 '26 actual $11.26, miss Q4 '26 estimate $12.37 Q1 '27 estimate $12.21 Q2 '27 estimate $12.51 Q3 '27 estimate $13.17
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Analyst Consensus ?

ConsensusHold22 ratings
Bullish1045.5%
Neutral1045.4%
Bearish29.1%

Analyst 52W Price Targets

$497.9Current
$330Low
$509.11Average
$645High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 30, 2026. Not an FN2 forecast.

Firm-level rating actions

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

FirmRatingPrior ratingActionDate
B of A Securities Underperform BuyDowngradeOct 19, 2026
Morgan Stanley Underweight UnderweightMaintainOct 9, 2026
Evercore ISI Group In Line In LineMaintainOct 7, 2026
BMO Capital Market Perform Market PerformMaintainOct 6, 2026
Argus Research Buy BuyMaintainJul 31, 2026
Show 17 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $497.9. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Morgan StanleyAnalyst unavailable$483$499.08 -3.0%Oct 9, 2026
Capital One FinancialBrennan Hawken$520$496.67 +4.4%Oct 6, 2026
Raymond JamesAnalyst unavailable$570$490.91 +14.5%Oct 5, 2026
Raymond JamesAnalyst unavailable$638$558.26 +28.1%Aug 21, 2026
Piper SandlerAnalyst unavailable$518$506.76 +4.0%Jul 13, 2026
See 34 more

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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 · 2026-10-29T18:10:40.182767+00:00
  2. FN2 earnings calendar · 2026-10-30T01:23:13.979536+00:00
  3. Polygon adjusted daily market bars · 2026-10-30T02:20:45.622104+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-30T02:20:45.619313+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 2026-10-30. For educational purposes only; not investment advice.