Ameriprise Financial

Q3 FY2026 EarningsQ3 FY26 results presented a mixed profile: total revenues of $5.19B beat the $5.08B consensus (+2.21%), and GAAP EPS of $12.32 exceeded the $11.69 expected (+5.39%). However, adjusted operating EPS of $11.26 missed the normalized consensus of $11.77 by -4.33%, primarily due to a -$91M pretax headwind from the annual actuarial review ('unlocking'). Advice & Wealth Management (AWM) remained the primary growth engine with 18% YoY growth in average wrap assets, while Asset Management faced persistent net outflows of -$9.3B. Management signaled continued commitment to shareholder returns with a new $5.5B share repurchase authorization.