AMP Earnings Prediction
The chart below shows how AMP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AMP sees a -1.49% change in stock price 10 days leading up to the earnings, and a +2.50% change 10 days following the report. On the earnings day itself, the stock moves by +0.32%. This data can give you a slight idea of what to expect for the next quarter's release.
AMP Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.47B
-1.87%
1.94%
Gross Margin
--
--
--
Operating Margin
52.49%
-3.39%
2.36%
Net Margin
20.66%
-40.29%
-39.54%
EPS
5.00
-38.57%
-37.66%
No Data Available
AMP Earnings Analysis
Ameriprise Financial, Inc. Corporation (AMP.N) Earnings Conference Call
Positive
Assets Under Management Growth: Assets under management increased to $1.5 trillion, up 22%.
Operating Net Revenue Increase: Total adjusted operating net revenue increased 11% to $4.4 billion.
Earnings and EPS Increase: Earnings were up 11%, with earnings per share up 17%, excluding the severance expense.
Return on Equity Increase: The company generated a strong return on equity of 50.7% for the quarter compared to 49.6% a year ago.
Client Assets Milestone: Total client assets reached an all-time high of $1 trillion, with wrap assets up 28% to $569 billion.
Negative
Customer Growth Decline: Operating Highlights: The company reported a decline in customer growth, with a net loss of 71 experienced advisors in the quarter.
Operating Expenses Increase: Financial Results: Adjusted operating expenses increased by 14%, reflecting business growth and increased transactional activity.
Severance Cost Impact: Operating Data: The company experienced a significant increase in severance costs, totaling $90 million, impacting overall profitability.
Operational Cost Challenges: Cost Management: G&A expenses were flat at $419 million, indicating challenges in managing operational costs effectively.
Severance Program Expenses: Negative Corporate Actions: The company recognized additional expenses of $0.32 per share related to severance programs, which could affect future earnings.
AMP FAQs
How does AMP typically perform around its earnings report dates?
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AMP Earning Call Sentiment
Ameriprise Financial, Inc. (AMP) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
AMP.N
-0.39%Positive
The earnings call summary presents strong financial performance with record revenues, high EPS growth, and robust free cash flow. The Q&A section does not reveal significant concerns, and management's responses are generally optimistic. Despite some adviser turnover, the company expects growth to resume. The strategic plan to return 80% of operating earnings to shareholders is well-received. Positive factors, such as record high revenue and strong earnings, outweigh minor uncertainties, suggesting a positive stock price movement in the short term.