AI English summary of an SEC filing — figures as filed
Ameriprise Financial said adjusted operating earnings per diluted share for Q2 increased 7% to $9.11. GAAP earnings per diluted share were $10.73 compared to $8.02 a year ago, and GAAP net income was $1,060 million.
Key points
AI summaryAmeriprise Financial said adjusted operating earnings per diluted share for Q2 increased 7% to $9.11. GAAP earnings per diluted share were $10.73 compared to $8.02 a year ago, and GAAP net income was $1,060 million.
The company disclosed that Advice & Wealth Management pretax adjusted operating earnings for Q2 were $812 million with a margin of 28.9%, compared to 31.1% a year ago. Adjusted operating net revenues increased 6% to $2,807 million.
Ameriprise Financial said Asset Management net outflows for Q2 were $8.7 billion, which included $4.8 billion in institutional net outflows and $1.6 billion related to the Lionstone exit. Assets under management and advisement increased 2% to $690 billion from a year ago.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call. Some paragraphs were omitted because their support in the source could not be confirmed.
Q2 Adjusted Operating Earnings Per Diluted Share $9.11, GAAP Earnings Per Diluted Share $10.73
Ameriprise Financial said adjusted operating earnings per diluted share for Q2 increased 7% to $9.11. GAAP earnings per diluted share were $10.73 compared to $8.02 a year ago, and GAAP net income was $1,060 million.
Source · Based on the filing body and exhibits
Advice & Wealth Management Pretax Adjusted Operating Earnings $812 million
The company disclosed that Advice & Wealth Management pretax adjusted operating earnings for Q2 were $812 million with a margin of 28.9%, compared to 31.1% a year ago. Adjusted operating net revenues increased 6% to $2,807 million.
Source · Based on the filing body and exhibits
Asset Management Net Outflows $8.7 billion, Assets Under Management and Advisement $690 billion
Ameriprise Financial said Asset Management net outflows for Q2 were $8.7 billion, which included $4.8 billion in institutional net outflows and $1.6 billion related to the Lionstone exit. Assets under management and advisement increased 2% to $690 billion from a year ago.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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