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08:30
Jul 23 ◎

AMP FY2026 Q2 Watch

Ameriprise Financial, Inc. (AMP) FY2026 Q2 Earnings Call

CMA HBAN AMP ▾

Jim Cracchiolo

Comerica's advisor attrition is accelerating, leading to a $19B outflow by end of Q3 2026, which negatively impacts Comerica's wealth management business.

"advisor transitions in the quarter, including CoAmerica"

CMA WATCH

Jim Cracchiolo

Huntington Bancshares is expected to bring $28B in assets and 260 advisors to Ameriprise's platform in Q4 2026, strengthening the partnership.

"we're on target to onboard Huntington Bank, which will bring in good assets beginning in the latter part of the year"

HBAN WATCH

Jim Cracchiolo

Ameriprise management conveyed a strong positive outlook, citing excellent financial performance, high ROE, and ongoing investments in technology and AI to drive future growth.

"We are performing well in a positive but dynamic market environment"

AMP WATCH

HIGH

17:00
Apr 23 ◎

AMP FY2026 Q1 Watch

Ameriprise Financial, Inc. (AMP) FY2026 Q1 Earnings Call

HBAN AMP CMA FITB LPLA ▾

Jim Caracciolo

Ameriprise captures a large wealth-management outsourcing deal, adding ~260 advisors and $28B in client assets, beginning in Q4.

"During the quarter, we signed a multi-year agreement to become the retail investment program provider for Huntington Bank."

HBAN WATCH

Jim Caracciolo

Management expresses cautious optimism: reported strong results but flagged volatility, cautious client behavior, and lumpy recruiting, with no explicit full-year guidance upgrade.

"Ameriprise is built to perform across market cycles. We're well positioned to deliver meaningful value over time."

AMP WATCH

Walter Berman

Comerica terminated its wealth-management contract with Ameriprise after being acquired by Fifth Third, resulting in a one-time $25M make-whole payment and ongoing asset outflows through Q3.

"In the court of Comerica, exercised their option for early termination of your relationship with us."

CMA WATCH

Jim Caracciolo

Fifth Third's acquisition of Comerica led to the termination of the Ameriprise partnership, suggesting Fifth Third will bring wealth management in-house or use a different provider.

"Fifth Third purchased them, and they wanted to keep it with what they're operating."

FITB WATCH

Jim Caracciolo

Management explicitly refuses to chase aggressive recruiting packages, warning that industry deals exceed a balanced risk-return and will compress peers' long-term profitability. — Competitors offering excessive upfront transition assistance may face margin pressure and elevated churn, while Ameriprise's discipline protects its franchise but could slow headline flow growth.

"the recruiting deals we are seeing today in this perceived risk on environment exceed what we believe is a balanced risk return approach, given the long cash paybacks and marginal P&L benefits"

LPLA WATCH RJF WATCH

HIGH

08:00
Jan 29 ◎

AMP FY2025 Q4 Watch

Ameriprise Financial, Inc. (AMP) FY2025 Q4 Earnings Call

AMP CMA FITB ▾

Jim Cracciolo

Management expressed strong confidence in 2026 outlook, citing record results, robust organic flows, advisor productivity gains, and disciplined expense management, all pointing to continued earnings growth.

"We feel very good about the business and how we're positioned as we look to 2026. We're executing our clear, consistent strategy and driving innovation and using operating leverage where we see opportunity."

AMP WATCH

Jim Cracciolo

Comerica is a key banking partner for Ameriprise's financial institutions channel; its pending acquisition by Fifth Third creates uncertainty about the continuation of the relationship.

"In regard to America, we have a very good relationship with them. I know they're going through their acquisition. I know that will be soon closing, so we'll see exactly where they proceed there."

CMA WATCH

Jim Cracciolo

Fifth Third's acquisition of Comerica may cause Ameriprise to lose the Comerica partnership if Fifth Third replaces it with internal capabilities.

"I know they already had their own activities in-house, et cetera. We'll see where that goes, but we still feel very strongly..."

FITB WATCH

HIGH

09:00
Oct 30 ◎

AMP FY2025 Q3 Watch

Ameriprise Financial, Inc. (AMP) FY2025 Q3 Earnings Call

AMP CMA STT ▾

Jim Cracchiolo

Management struck a confident tone on the call, highlighting double-digit EPS growth, best-in-class margins (27%) and ROE (53%), record asset levels, and a fortress balance sheet, while reiterating that the business is resilient even if the environment softens.

"Ameriprise is well positioned and represents attractive value at these levels, regardless of market momentum"

AMP WATCH

Jim Cracchiolo

The pending acquisition of Comerica (by an unnamed buyer) creates potential churn in the outsourced wealth management channel, but Ameriprise's strong contract protections and platform satisfaction position it to retain or even grow the relationship. — Regional bank M&A often triggers re-evaluations of wealth management partnerships; Ameriprise's defensive positioning could lead to either stable revenue or an opportunity to expand the relationship if the acquirer adopts the platform.

"we have an excellent relationship with Comerica since we've done the arrangement and put them on our platform and capability working with the advisors and their clients"

CMA WATCH

Jim Cracchiolo

Ameriprise is expanding its back-office outsourcing with State Street, creating a unified global operating model for Columbia Threadneedle funds, which signals deepening consolidation among asset managers and a shift toward technology-driven efficiency. — This move reduces Ameriprise's own cost base and could pressure other asset managers to follow suit, benefiting large custodians like State Street while pressuring smaller, less efficient competitors.

"announcement of our expanded partnership with State Street, establishing a unified global back office for many Columbia Threadneedle funds"

STT WATCH

HIGH

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