Ameriprise Financial, Inc.
AMP - NYSE - $474.65 ▲ +%1.29
-
Earnings Thu 23 Jul

Ameriprise opens the
books on Thursday evening.

6 analysts' median target is $490[FMP target], stock is $475, +3.2% upside potential. After Q1 +10.3% EPS beat[FMP earnings], the stock moved +1.0%.

summary below
Quick Take - in 40 seconds
A-
HOLD Council 3/6 - Moonshot 41

A- = MoonshotScore 41[9-pillar formula] + Council 3/6[6-lens rule]. Form 4: 0 transactions[FMP Form 4].

Q4 consensus: revenue $4.8B[FMP est], EPS $10.58[FMP est]. 6 consecutive quarters of beat[FMP earnings].

$10.58 EPS Estimate Last year $10.83 - +16% YoY YoY
6 Beat Streak Expectations beaten consecutively for the last 6 quarters

Q1 EPS +10.3% beat[FMP] but the stock +1.0% D+1[FMP D+1]. Walter Berman promised $118.0M CapEx + a sequential decline in Q4 during the Q1 earnings call[Walter Berman capex transcript].

Watchlist

6 metrics stand out this quarter.

12% Investor Focus

Wrap Asset Growth

wrap_asset_growth

Wrap assets at Ameriprise increased 16% to $664 billion.

"Total client assets grew 12% to $1.1 trillion with wrap assets growing 16% to $664 billion."

- Jim Cracchiolo, Chairman and CEO - Q1 FY26 Earnings Call - April 23, 2026
12% Investor Focus

Aum Growth

aum_growth

Ameriprise's assets under management, administration, and advisement grew 12% to $1.7 trillion, driven by client net inflows and positive markets.

"In addition, our assets under management administration advisement grew 12% to $1.7 trillion, driven by our client net inflows and positive markets."

- Jim Cracchiolo, Chairman and CEO - Q1 FY26 Earnings Call - April 23, 2026
10% Investor Focus

Adviser Productivity

adviser_productivity

Adviser productivity at Ameriprise increased 10% to a record $1.2 million per adviser.

"As you saw, our advisers again generated meaningful productivity and revenue growth with productivity increasing another 10% in the quarter to a record $1.2 million per adviser."

- Jim Cracchiolo, Chairman and CEO - Q1 FY26 Earnings Call - April 23, 2026
11% Investor Focus

Record Eps

record_eps

Ameriprise achieved a record EPS of $11.26, up 19%.

"For the quarter, adjusted operating revenues were up 11% to $4.8 billion. Earnings and EPS were also up double digits with EPS up 19% to a record $11.26, and we continue to deliver best-in-class ROE, which increased to more than 54%."

- Jim Cracchiolo, Chairman and CEO - Q1 FY26 Earnings Call - April 23, 2026
260 Investor Focus

Huntington Bank Agreement

huntington_bank_agreement

Ameriprise signed a multiyear agreement with Huntington Bank, expected to add approximately 260 advisers and $28 billion in assets.

"During the quarter, we signed a multiyear agreement to become the retail investment program provider the Huntington Bank. This relationship is expected to add approximately 260 advisers and $28 billion in assets with onboarding beginning later this year."

- Jim Cracchiolo, Chairman and CEO - Q1 FY26 Earnings Call - April 23, 2026
88% Investor Focus

Capital Return

capital_return

Ameriprise returned 88% of operating earnings to shareholders in the first quarter, and the board approved a 6% increase in the dividend.

"As a result, as you know, we increased our share repurchases in the fourth quarter and continued our strong return to shareholders with 88% returned in the first quarter, and our board just approved another 6% increase in our dividend."

- Jim Cracchiolo, Chairman and CEO - Q1 FY26 Earnings Call - April 23, 2026

Stock Expert AI - Methodology

Do our 9 pillars, 7 perspectives, and Munger lens point in the same direction?

Council Score 3 / 6 Bullish

6 investor frameworks. 3 bullish (Ray Dalio, Ken Griffin, Buffett), 0 bearish (none), 3 neutral (Jim Simons, Klarman, Munger).

How is it calculated? ->
Ray Dalio macro - target upside +3.2%
Ken Griffin flow - 50d MA above
Jim Simons quant - RSI 59
Klarman value - target upside +3.2%
Buffett quality - ROE score 5/5
Munger valuation - target upside +3.2%
Munger's Mindset character & balance sheet lens
Fairly Valued

Quality business, trading at fair value.

How is it calculated? ->
Financial HealthStrong
Margin of SafetyWeak
Interest CoverageAdequate
ROIC vs WACCHealthy
Technical Levels - Pre-earnings positioning

What levels is the stock being tested at?

RSI(14)
58.7 RSI 58.7 positive momentum, 50d above
MACD
+4.10 price above 50d - support positive
50d MA
$456 stock 4.1% above - short-term support
200d MA
$483 stock 1.7% below - long-term pressure
Volume (10d)
-40% decrease - low participation
Resistance
$490
Analyst median target - upgrade trigger if broken
Current
$475
Pre-earnings position
Support
$411
Invalidation - close below this is a technical breakdown
Pattern
Range
$411-$490 band - earnings breakout/breakdown trigger

Past Performance

Ameriprise's last 8 quarters: 6 consecutive beats.

BEAT
Q2 FY25
$9.11 vs $9.00 est - +0.8%
BEAT
Q3 FY25
$9.92 vs $9.77 est - -0.3%
BEAT
Q4 FY25
$10.83 vs $10.34 est - +1.1%
BEAT
Q1 FY26
$11.26 vs $10.21 est - +1.0%

Q1 (April 23, 2026): EPS $11.26 vs $10.21 est[FMP], +10.3% beat. D+1 movement: +1.0%[FMP D+1]. Decline despite beat - market reacted to guidance, not numbers.

Three scenarios: what could happen?

EPS < $10.26 (no guidance)

Q1: EPS $11.26 vs $10.21 beat[FMP], stock +1.0% D+1[FMP].

Backlog concentration

No RPO/backlog concentration disclosed in Q1 earnings call.

CapEx shock

Q1 CapEx $118.0M[FMP cashflow]. Q1 op margin 25.1%[FMP op margin] - this level in Q4 is sensitive to CapEx revision risk.

Framework - Position discipline

After the data arrives: 3 scenarios, 3 windows

Not advice - a structural framework for earnings night. Decision discipline is yours.

Scenario A - Beat
Q4 EPS > $10.58 + CapEx discipline
Threshold: EPS > $10.58[FMP est].
Target: Break above median target $490[FMP target]; high target $582[FMP] upper bound.
Scenario B - In-Line
EPS approx $10.58 + CapEx < $118.0M
Threshold: EPS approx $10.58[FMP est], Q4 CapEx < $118.0M[FMP].
Target: Consolidation in the band between current $475[FMP] and median $490[FMP].
Scenario C - Miss
EPS < $10.26 or CapEx >= $118.0M
Threshold: EPS < $10.26[FMP estx0.97].
Target: Current $475 below SMA200 $483[FMP], if rejection continues, $411[derived] support activates.
Sizing
Earnings volatility -> max portfolio 1-2%. Waiting for earnings is not a gamble, it's a position entrustment.
Timing
IV crush within 24 hours post-earnings. Waiting for premium decay makes options preferable to spot.
Staging
Don't go all-in at once, divide into 3: initial reaction, 24 hours later, after Friday's close.

Market Outlook

What do 6 analysts say?

Wall Street Consensus
$490
12-month median target price (+3.2% upside potential)
6
BUY
7
HOLD
1
SELL
Risk Management
$411
Invalidation level - critical support threshold
$456 - 50-day MA (above, +4.1%)
$483 - 200-day MA (below, -1.7%)
IV Crush risk (sudden drop in inflated option premiums before earnings): Option premiums are inflated before earnings.
Verdict - AMP Q4 FY26
A-

You read it in 5 minutes. When the numbers come out on Thursday evening - you know what you're looking at.

Data arrives at night. The framework is ready now.

Data arrives on Thursday evening. The framework is ready on this page: Q4 EPS threshold $10.58[FMP], CapEx threshold "below $118.0M"[Walter Berman]. Two anchors, three scenarios.

Comparison Stock Expert AI Pro $24/month ($240/year), 77% cheaper than the total of three earnings-tracking tools ($1,059/year -> $240/year).

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Prices as of April 2026. Sources: seekingalpha.com/subscriptions - tipranks.com/pricing - trendspider.com/pricing

Stock Expert AI Pro: $24/month ($240/year). Council 7-lens analysis + MoonshotScore 9-pillar + Insider tracker + Technical levels - all in one platform, for every stock.

Educational tool, not investment advice. Past performance does not guarantee future results.

Calendar

Catalyst Calendar - 90-day forward look

Jul 23, 2026EARNINGSQ4 FY26 results (after market close) + earnings call
Jul 24, 2026PRICEFirst trading day after earnings - 200dMA test + IV crush
Sep 6, 2026FILING10-Q deadline - segment breakdown + RPO detail (SEC rule: quarter-end + 45 days)
~Oct 23, 2026EARNINGSQ1 FY27 (next quarter, date not yet scheduled in FMP)

DATA GAP: Events not in the FMP /stable/calendar feed - Investor day, analyst day, product launches, regulatory dates. These require company IR page scraping or manual calendar entry.

Frequently Asked Questions

What does the AMP earnings preview cover?

This AMP (AMP) earnings preview covers the analyst consensus, key catalysts, and what to watch on the earnings call.

What should investors watch for in AMP earnings?

Consensus EPS, revenue guidance, segment growth rates, and the tone of management commentary — the full breakdown with sources is on this page.