Ameriprise Financial, Inc. posted a robust first quarter of 2026, with record-adjusted operating earnings of $11.26 per share, surpassing estimates and reflecting a 19% year-over-year increase. While the company faced total net outflows of $5.9 billion—markedly better than the $18.3 billion outflows of the previous year—it solidified its position in asset management through new partnerships, including a $28 billion deal with Huntington Bank. Additionally, adjusted operating revenues rose 11% to $4.8 billion, and the company is set to return 88% of its operating earnings to shareholders, signaling confidence despite potential challenges ahead.
“Ameriprise Financial's (AMP) Q1 beat · was driven by · margins in its Advice & Wealth · better-than-expected”
“Ameriprise · reported · total net outflows · $5.9 billion”
“Ameriprise · previous total net outflows · same quarter last year · $18.3 billion”
“Ameriprise · overseeing · assets for Comerica’s advisors · about $18 billion”
“Chief Financial Officer Walter Berman · said · pace of outflows related to Comerica · will continue in the second and third quarters”
“Ameriprise · received · one-time payment · $25 million”
“Ameriprise · signed · deal with Huntington Bank · to oversee $28 billion in client assets”
“Ameriprise · expects · deal with Huntington Bank · to be realized in the fourth quarter”
“Ameriprise · reported · net revenue for advice and wealth management division · up 14% year-over-year to $3.18 billion”
“Ameriprise · saw · operating expenses · rise 12% to $2.2 billion”
“Sean Dunlop · wrote · analyst’s note · prioritizing its wealth management business”
“Ameriprise Financial’s AMP · first-quarter 2026 adjusted operating earnings · record $11.26 per share · surpassed the Zacks Consensus Estimate of $10.20”
