Ameriprise Financial Reports Strong Q3 2026 Results Driven by Asset Growth and Advisor Productivity
Ameriprise Financial (AMP) delivered robust third-quarter 2026 results, reporting adjusted operating earnings per share of $12.07, a 22% increase year-over-year. The company's total assets under management, administration, and advisement rose to $1.8 trillion, fueled by market appreciation and organic growth. Key drivers included a 13% increase in Advice & Wealth Management revenue and record advisor productivity, which reached $1.2 million per advisor on a trailing 12-month basis. Despite strong performance in wealth management and retirement solutions, the Asset Management segment faced headwinds, including $9.3 billion in total net outflows due to institutional asset allocation shifts and industry pressure on active managers. To support shareholder value, Ameriprise returned $1 billion through dividends and share repurchases and secured a new $5.5 billion share repurchase authorization. The company also completed its largest AFIG deal to date by integrating 260 advisors from Huntington Bank.
Topics: asset management earnings report mergers and acquisitions revenue growth share buyback