Ameriprise Financial Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Ameriprise Financial (NYSE:AMP) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$4.56b (up 12% from 3Q 2023).
• Net income: US$511.0m (down 41% from 3Q 2023).
• Profit margin: 11% (down from 21% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$5.09 (down from US$8.31 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ameriprise Financial Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 43%.

Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are down 3.3% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Ameriprise Financial that you should be aware of.

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