Ameriprise Q2 FY26 net income rises 5% to $1.11 billion; net revenues climb 13% to $4.94 billion

Ameriprise posted Q2 GAAP net income of USD 1.11 billion, up 5% year over year; diluted EPS climbed 12% to USD 11.98.

GAAP net revenues rose 13% to USD 4.94 billion year over year; expenses increased 16% to USD 3.5 billion.

Adjusted operating earnings increased 14% to USD 1.03 billion; adjusted operating diluted EPS rose 22% to USD 11.07.

Adjusted operating return on equity excluding AOCI increased 350 basis points to 55%; capital returned to shareholders rose 25% to USD 1.87 billion in 1H 2026.

Total assets under management, administration and advisement increased 14% to USD 1.8 trillion; the Huntington Bank partnership is expected to move USD 28 billion onto its platform.