Ameriprise reports higher Q2 FY26 profit and revenue
Ameriprise Financial posted GAAP net income of $1.11 billion, up 5% year over year, for the quarter ended June 30, 2026.
GAAP diluted EPS rose to $11.98.
Revenue climbed 12% to $5.01 billion, driven by management and financial advice fees of $3.07 billion, up 18%.
Assets under management, administration and advisement increased 14% to $1.81 trillion as of June 30, 2026.
Adjusted operating earnings (non-GAAP) rose 14% to $1.03 billion; the company reiterated targets of 12%-15% adjusted operating EPS growth and over 30% adjusted operating ROE.
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