Ameriprise Financial (AMP) Q2 2026 Earnings Beat With $11.07 EPS
As seen on the 24/7 Wall St. homepage on July 23, 2026.
Ameriprise crushed expectations as record $1.81 trillion in assets under management and 19% growth in wrap assets powered a $11.07 EPS beat, while the wealth manager returned $932 million to shareholders in the quarter.
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Ameriprise Financial reported second-quarter 2026 earnings per share of $11.07, topping the $10.81 analyst estimate by roughly 2.4%. Revenue came in at $4.94 billion against an estimated $4.83 billion, a beat of about 2.3%. The results continue a strong recent run for the wealth manager, which has now topped EPS estimates in five of the last six quarters.
The standout driver was the firm's asset management scale: assets under management reached a record $1.81 trillion, while wrap assets grew 19% in the quarter. Those figures underpin the fee-based revenue streams that Ameriprise has leaned on to deliver consistent earnings momentum. The Q1 2026 print of $11.26 EPS was even stronger, so the slight sequential dip to $11.07 is worth monitoring in coming quarters.
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Capital returns were also a highlight, with Ameriprise handing back $932 million to shareholders during the quarter through buybacks and dividends. That level of return signals management's confidence in the balance sheet and ongoing cash generation, even as the broader wealth management industry navigates market volatility.
Mentioned: AMP