Ameriprise reported strong Q2 2026 results with 13% revenue growth and 22% EPS growth, driven by asset growth and advisor productivity. Management highlighted the impact of Comerica outflows and the upcoming Huntington Bank onboarding, while maintaining a positive outlook due to AI investments and diversified earnings. No explicit numeric guidance was provided. Revenue reached $4.9B, adjusted EPS $11.07, and ROE improved to 55%.
Ameriprise reported strong Q2 2026 results with 13% revenue growth and 22% EPS growth, driven by asset growth and advisor productivity. Management highlighted the impact of Comerica outflows and the upcoming Huntington Bank onboarding, while maintaining a positive outlook due to AI investments and diversified earnings. No explicit numeric guidance was provided. Revenue reached $4.9B, adjusted EPS $11.07, and ROE improved to 55%.
Ameriprise reported strong Q2 2026 results with 13% revenue growth and 22% EPS growth, driven by asset growth and advisor productivity. Management highlighted the impact of Comerica outflows and the upcoming Huntington Bank onboarding, while maintaining a positive outlook due…
Reported gross margin was 44.66%, reinforcing the quarter's better-than-guided profitability.
Management discussed AI benefits for advisors, including eMeeting Automation saving 10-20 hours per week, Meeting Summarization saving 5-10 hours, and Copala Premium saving 2.5 hours per week, totaling over 30 hours in productivity savings, and noted that advisors using AI…
Huntington Bank will bring ~$28B in assets and 260 advisors in Q4 2026.
Management discussed AI benefits for advisors, including eMeeting Automation saving 10-20 hours per week, Meeting Summarization saving 5-10 hours, and Copala Premium saving 2.5 hours per week, totaling over 30 hours in productivity savings, and noted that advisors using AI insights see increased client engagement and productivity.
Huntington Bank adds 260 advisors, $28B assets. Management's tone was confident, driven by strong financial results (EPS up 22%, ROE at 55%) and positive outlook on advisor productivity and AI investments, with no notable shift in confidence from prior calls.
Management's tone was confident, driven by strong financial results (EPS up 22%, ROE at 55%) and positive outlook on advisor productivity and AI investments, with no notable shift in confidence from prior calls.
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”
… and that's what our advisors excel at every day. Our experience drives deeper client relationships and higher advisor productivity over time. These fundamentals matter, and they help drive our strong metrics in the quarter. Total client assets increased 15% to $1.2 trillion, driven by market appreciation and cumulative net inflows. And organic flows continue to be good, understanding that overall flows in the quarter were impacted by higher seasonal tax payments, as well as advisor transitions in the quarter, including CoAmerica. WRAP assets reached a new record, up 19% to $732 billion, reflecting market appreciation, Strong client engagement and the value of our advice experience. The launch of our Signature Wealth Unified Managed Account has been our fastest growing platform launch, and we continue to add capabilities, including SMAs. Transactional activity also increased up 13 percent, which is excellent. We invest significantly in industry leading technology and support to help our advisors succeed. Ameriprise Advisor productivity continues to increase nicely and reached a new record of 12% to $1.2 million, supported by our excellent client experience and advisor partnership. …
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”
… the advisors who join us feel underserved elsewhere and were frustrated with their tech, service, and responsiveness. At Ameriprise, they see an integrated platform built around the way they want to work and serve clients. We're selected about who we bring in and that discipline matters. It supports stronger long-term productivity and cultural alignment and a more attractive economic outcome over time. In regard to our AFIG institutional business, we're on target to onboard Huntington Bank, which will bring in good assets beginning in the latter part of the year. Their advisors are excited to join us and we're also adding other institutions along the way. Advisor productivity is at a new record, and we're focused on continuing our journey. Ameriprise invests significantly every year to help drive our Advisor success with a clear focus on client engagement, Advisor growth, and operating efficiency. We have a very strong technology platform in place that is seamless, secure, and has excellent availability and scalability essential during volatile markets and environments. We know that rapid advances in AI are reshaping expectations for what a premium client advisor experience …