Ameriprise Financial

Q2 FY2026 EarningsFY26 Q2 beat consensus across nearly all key metrics, with total net revenue reaching $4,940M vs. the $4,831M expected. Diluted GAAP EPS of $11.98 significantly exceeded the $10.72 mean estimate, a +11.75% surprise. The primary growth engine was the Advice & Wealth Management (A&WM) segment, which saw pretax adjusted operating earnings rise 16% YoY to $939M, supported by robust market appreciation and continued wrap account net inflows. Management remains aggressive on capital return, repurchasing 3.3 million shares for $1.6B in the first half of FY26.