Ameriprise Financial, Inc. (AMP) 10-Year Financial Performance & Capital Metrics

AMP • • Banking & Credit

Financial ServicesAsset ManagementWealth Management & Financial AdvisoryComprehensive Wealth Management Firms

AboutAmeriprise Financial, Inc., through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other. The Advice & Wealth Management segment provides financial planning and advice; brokerage products and services for retail and institutional clients; discretionary and non-discretionary investment advisory accounts; mutual funds; insurance and annuities products; cash management and banking products; and face-amount certificates. The Asset Management segment offers investment management and advice, and investment products to retail, high net worth, and institutional clients through unaffiliated third-party financial institutions and institutional sales force. This segment products also include U.S. mutual funds and their non-U.S. equivalents, exchange-traded funds, variable product funds underlying insurance, and annuity separate accounts; and institutional asset management products, such as traditional asset classes, separately managed accounts, individually managed accounts, collateralized loan obligations, hedge funds, collective funds, and property and infrastructure funds. The Retirement & Protection Solutions segment provides variable annuity products to individual clients, as well as life and DI insurance products to retail clients. The company was formerly known as American Express Financial Corporation and changed its name to Ameriprise Financial, Inc. in September 2005. Ameriprise Financial, Inc. was founded in 1894 and is headquartered in Minneapolis, Minnesota.Show more

Net Interest Income -$329M -1.5%
Total Revenue $17.93B +11.4%
Net Income $3.4B +33.1%
Return on Equity 68.31% +14.0%
Net Interest Margin -0.18% +1.9%
Efficiency Ratio 21.77% -8.0%
ROA 1.91% +24.6%
Equity / Assets 2.88% +6.8%
Book Value per Share 50.81 +15.8%
Tangible BV/Share 25.81 -41.2%
Debt/Equity 1.05 -14.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 64.3%
✓Strong Piotroski F-Score: 8/9
✓Efficient operations: 21.8% efficiency ratio
✓14 consecutive years of dividend growth
✓Share count reduced 4.5% through buybacks
✓Diversified revenue: 100.0% from non-interest income

✗Weaknesses

✗Weak NIM of -0.2%
✗Thin capital base
✗Expensive at 10.0x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.84%

5Y6.82%

3Y10.22%

TTM-

Profit (Net Income) CAGR

10Y7.71%

5Y12.43%

3Y-0.16%

TTM33.95%

EPS CAGR

10Y14.82%

5Y18.88%

3Y5.09%

TTM40.05%

ROCE

10Y Avg2.54%

5Y Avg2.94%

3Y Avg3.39%

Latest3.64%

Peer Comparison

Comprehensive Wealth Management Firms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BKThe Bank of New York Mellon Corporation	85.32B	123.97	21.37	17.05%	11.45%	11.82%		1.09
AMPAmeriprise Financial, Inc.	47.21B	508.10	15.37	11.37%	18.97%	56.17%	13.6%	1.05
SAMGSilvercrest Asset Management Group Inc.	124.58M	15.34	15.34	5.32%	7.71%	7.08%	15.97%	0.19
BBTBeacon Financial Corp.	2.3B	27.39	14.97	7.49%	10.5%	6.28%	4.35%	1.28
BMHLBluemount Holdings Limited	51.93M	3.71	9.75	-14.29%	28.04%	39.29%		0.04
BRBIBRBI BR Partners S.A. ADSs	367.48M	14.00	5.69	13.08%	2.61%	23.83%	23.77%	12.34
NOAHNoah Holdings Limited	743.07M	11.18	0.33	-21.06%	18.28%	6.63%	41.07%	0.01
AUREPrestige Wealth Inc.	54.17M	0.28	-0.34	83.6%	-10.75%	-149.12%		0.06

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	-387M	-241M	-207M	-245M	-214M	-162M	-191M	-198M	-324M	-329M
NII Growth %	-0.18%	0.38%	0.14%	-0.18%	0.13%	0.24%	-0.18%	-0.04%	-0.64%	-0.02%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	387M	241M	207M	245M	214M	162M	191M	198M	324M	329M
Loan Loss Provision	5.5B	6.02B	5.69B	6.02B	6.35B	5.98B	4.94B	5.23B	6.35B	7.24B
Non-Interest Income+	12.19B	11.84B	12.18B	12.92B	12.89B	11.96B	13.39B	14.33B	16.1B	17.93B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	12.19B	11.84B	12.18B	12.92B	12.89B	11.96B	13.39B	14.33B	16.1B	17.93B
Revenue Growth %	-0.01%	-0.03%	0.03%	0.06%	-0%	-0.07%	0.12%	0.07%	0.12%	0.11%
Non-Interest Expense	3.08B	3.06B	3.16B	3.15B	3.27B	3.12B	3.4B	3.67B	3.81B	3.9B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	3.23B	2.52B	3.13B	3.51B	3.05B	2.7B	4.86B	5.23B	5.61B	6.46B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.11%	-0.22%	0.24%	0.12%	-0.13%	-0.12%	0.8%	0.08%	0.07%	0.15%
Pretax Income+	2.14B	1.59B	2.21B	2.48B	2.23B	1.83B	4.18B	3.93B	3.23B	4.27B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	455M	278M	734M	386M	339M	297M	768M	782M	678M	866M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	1.56B	1.31B	1.48B	2.1B	1.89B	1.53B	3.42B	3.15B	2.56B	3.4B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.04%	-0.16%	0.13%	0.42%	-0.1%	-0.19%	1.23%	-0.08%	-0.19%	0.33%
Net Income (Continuing)	1.69B	1.31B	1.48B	2.1B	1.89B	1.53B	3.42B	3.15B	2.56B	3.4B
EPS (Diluted)+	8.48	7.81	9.44	14.20	13.92	12.20	28.48	27.70	23.71	33.05
EPS Growth %	0.02%	-0.08%	0.21%	0.5%	-0.02%	-0.12%	1.33%	-0.03%	-0.14%	0.39%
EPS (Basic)	8.60	7.90	9.60	14.41	14.12	12.39	29.13	28.29	24.18	33.67
Diluted Shares Outstanding	184.2M	168.2M	156.7M	147.7M	136M	125.7M	120M	113.7M	107.8M	102.9M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	2.86B	2.49B	2.62B	3.1B	3.83B	6.84B	7.25B	7.1B	7.56B	8.52B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	0	0	0	0	0	0	4.97B	5.15B	5.08B	5.67B
Investments Growth %	-	-	-	-	-	-	-	0.04%	-0.01%	0.12%
Long-Term Investments	-28.67B	-30.72B	-30.93B	-31.06B	-33.13B	-36.28B	-27.08B	-35.66B	-46.48B	-46.48B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	1.4B
Intangible Assets	0	0	0	0	0	0	0	0	0	1.17B
PP&E (Net)	0	0	0	0	0	0	0	0	0	0
Other Assets	137.21B	132.03B	139.07B	127.93B	140.79B	151.2B	147.47B	130.99B	147.44B	150.14B
Total Current Assets	36.81B	38.52B	39.33B	40.34B	44.17B	50.96B	55.52B	63.52B	74.23B	75.18B
Total Non-Current Assets	108.53B	101.31B	108.15B	96.88B	107.66B	114.92B	120.39B	95.33B	100.96B	106.22B
Total Assets+	145.26B	139.82B	147.47B	137.22B	151.83B	165.88B	175.91B	158.85B	175.19B	181.4B
Asset Growth %	-0.02%	-0.04%	0.05%	-0.07%	0.11%	0.09%	0.06%	-0.1%	0.1%	0.04%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.02%	0.02%
Accounts Payable	0	0	0	0	0	0	0	0	0	2.7B
Total Debt+	10.42B	5.44B	5.3B	4.81B	4.93B	4.94B	5.2B	5.38B	5.75B	5.47B
Net Debt	7.56B	2.95B	2.68B	1.71B	1.1B	-1.9B	-2.05B	-1.71B	-1.81B	-3.05B
Long-Term Debt	10.16B	5.19B	5.06B	4.58B	4.67B	4.7B	4.96B	3.85B	4.98B	4.76B
Short-Term Debt	200M	200M	200M	201M	201M	200M	200M	1.5B	751M	701M
Other Liabilities	117.9B	118.06B	125.89B	115.27B	126.74B	137.43B	144.55B	149.66B	164.71B	170.7B
Total Current Liabilities	200M	200M	200M	201M	201M	200M	200M	1.5B	751M	701M
Total Non-Current Liabilities	136.76B	133.33B	141.28B	131.43B	145.9B	159.82B	169.77B	153.55B	169.71B	175.47B
Total Liabilities	136.96B	133.53B	141.49B	131.63B	146.1B	160.02B	169.97B	155.05B	170.46B	176.18B
Total Equity+	8.38B	6.29B	6B	5.59B	5.73B	5.87B	5.94B	3.8B	4.73B	5.23B
Equity Growth %	-0.1%	-0.25%	-0.05%	-0.07%	0.03%	0.02%	0.01%	-0.36%	0.24%	0.11%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.18%	0.18%	0.24%	0.36%	0.33%	0.26%	0.58%	0.65%	0.6%	0.68%
Book Value per Share	45.49	37.41	38.26	37.83	42.13	46.67	49.51	33.45	43.87	50.81
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	3M	3M	3M	3M	3M	3M	3M	3M	3M	3M
Additional Paid-in Capital	7.61B	7.76B	8.09B	8.26B	8.46B	8.82B	9.22B	9.52B	9.82B	10.14B
Retained Earnings	9.66B	10.35B	11.33B	12.91B	14.28B	15.29B	17.52B	19.92B	21.91B	24.71B
Accumulated OCI	253M	200M	229M	-291M	262M	629M	259M	-2.55B	-1.77B	-1.91B
Treasury Stock	-10.34B	-12.03B	-13.65B	-15.29B	-17.28B	-18.88B	-21.07B	-23.09B	-25.24B	-27.72B
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.57B	1.97B	1.7B	2.6B	2.34B	4.62B	3.33B	4.41B	4.68B	6.59B
Operating CF Growth %	0.07%	-0.23%	-0.14%	0.53%	-0.1%	0.97%	-0.28%	0.33%	0.06%	0.41%
Net Income	1.69B	1.31B	1.48B	2.1B	1.89B	1.53B	2.76B	2.56B	2.56B	3.4B
Depreciation & Amortization	248M	248M	234M	198M	183M	207M	98M	-40M	-154M	-159M
Deferred Taxes	-131M	-34M	156M	25M	-308M	-321M	-87M	-4M	18M	125M
Other Non-Cash Items	-130M	-2M	65M	-5M	-213M	65M	-568M	166M	-23M	23M
Working Capital Changes	753M	311M	-355M	137M	651M	2.99B	970M	1.56B	2.04B	3.01B
Cash from Investing+	-514M	-804M	-199M	-587M	-3.23B	-2.89B	-4.38B	-13.58B	-9.26B	-551M
Purchase of Investments	-4.87B	-6.79B	-5.91B	-9.13B	-12.51B	-14.15B	-15.37B	-22.75B	-19.87B	-18.75B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-669M	576M	81M	675M	974M	-351M	-1.13B	-312M	0	-8M
Other Investing	84M	461M	108M	4M	-448M	158M	-97M	436M	639M	215M
Cash from Financing+	-2.32B	-1.13B	-1.78B	-1.26B	1.21B	952M	1.72B	8.43B	4.41B	-5.17B
Dividends Paid	-465M	-479M	-491M	-506M	-504M	-497M	-511M	-534M	-550M	-574M
Share Repurchases	-1.74B	-1.71B	-1.49B	-1.63B	-1.94B	-1.44B	-2.03B	-1.98B	-2.13B	-2.45B
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	-1000K	-1000K	1000K	1000K	1000K	1000K	1000K	-1000K
Other Financing	-711M	1.32B	320M	1.48B	3.56B	2.85B	3.65B	10.62B	6.79B	-1.85B
Net Change in Cash+	-281M	-39M	-248M	739M	330M	2.69B	666M	-814M	-135M	869M
Exchange Rate Effect	-1000K	-1000K	1000K	-1000K	1000K	1000K	-1000K	-1000K	1000K	-1000K
Cash at Beginning	2.64B	2.36B	5.39B	5.14B	5.88B	6.21B	8.9B	9.57B	8.76B	8.62B
Cash at End	2.36B	2.32B	5.14B	5.88B	6.21B	8.9B	9.57B	8.76B	8.62B	9.49B
Interest Paid	443M	290M	269M	341M	356M	223M	203M	227M	859M	1.01B
Income Taxes Paid	439M	155M	418M	538M	609M	236M	986M	500M	1.04B	496M
Free Cash Flow+	2.44B	1.88B	1.54B	2.44B	2.2B	4.48B	3.21B	4.22B	4.5B	6.42B
FCF Growth %	0.07%	-0.23%	-0.18%	0.58%	-0.1%	1.04%	-0.28%	0.32%	0.07%	0.43%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	17.67%	17.9%	24.09%	36.23%	33.45%	26.46%	57.88%	64.63%	59.92%	68.31%
Return on Assets (ROA)	1.06%	0.92%	1.03%	1.47%	1.31%	0.97%	2%	1.88%	1.53%	1.91%
Net Interest Margin	-0.27%	-0.17%	-0.14%	-0.18%	-0.14%	-0.1%	-0.11%	-0.12%	-0.18%	-0.18%
Efficiency Ratio	25.24%	25.86%	25.93%	24.39%	25.39%	26.06%	25.42%	25.62%	23.66%	21.77%
Equity / Assets	5.77%	4.5%	4.07%	4.07%	3.77%	3.54%	3.38%	2.39%	2.7%	2.88%
Book Value / Share	45.49	37.41	38.26	37.83	42.13	46.67	49.51	33.45	43.87	50.81
NII Growth	-17.99%	37.73%	14.11%	-18.36%	12.65%	24.3%	-17.9%	-3.66%	-63.64%	-1.54%
Dividend Payout	29.77%	36.48%	33.18%	24.12%	26.62%	32.4%	14.95%	16.96%	21.52%	16.88%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Advice and Wealth Management	5.01B	5.04B	5.51B	6.28B	6.74B	6.73B	8.03B	8.54B	9.98B	11.44B
Advice and Wealth Management Growth	-	0.46%	9.33%	14.02%	7.28%	-0.01%	19.29%	6.27%	16.89%	14.66%
Retirement and Protection Solutions	2.38B	2.51B	2.04B	2.21B	1.05B	3.1B	3.24B	3.13B	3.48B	3.77B
Retirement and Protection Solutions Growth	-	5.12%	-18.44%	7.93%	-52.54%	195.80%	4.75%	-3.39%	10.91%	8.54%
Asset Management	3.25B	2.96B	3.08B	3.01B	2.91B	2.89B	3.68B	3.51B	3.28B	3.52B
Asset Management Growth	-	-8.91%	3.81%	-2.14%	-3.25%	-0.76%	27.36%	-4.78%	-6.50%	7.23%
Annuities	2.54B	2.46B	2.5B	2.48B	2.46B	-	-	-	-	-
Annuities Growth	-	-3.07%	1.46%	-0.92%	-0.69%	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Non-US	1.04B	656M	-	-	-	-	-	-	-	-
Non-US Growth	-	-36.80%	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Ameriprise Financial, Inc. (AMP) has a price-to-earnings (P/E) ratio of 15.4x. This is roughly in line with market averages.

Growth & Financials

Ameriprise Financial, Inc. (AMP) grew revenue by 11.4% over the past year. This is steady growth.

Yes, Ameriprise Financial, Inc. (AMP) is profitable, generating $3.63B in net income for fiscal year 2024 (19.0% net margin).

Dividend & Returns

Yes, Ameriprise Financial, Inc. (AMP) pays a dividend with a yield of 1.10%. This makes it attractive for income-focused investors.

Ameriprise Financial, Inc. (AMP) has a return on equity (ROE) of 68.3%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

Ameriprise Financial, Inc. (AMP) has a net interest margin (NIM) of -0.2%. NIM has been under pressure due to interest rate environment.

Ameriprise Financial, Inc. (AMP) has an efficiency ratio of 21.8%. This is excellent, indicating strong cost control.

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