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Top analysts & firms
All analyzed callsNot limited to the selected quarter · analysts and firms with 2 or more questions
What does “challenging” mean?
Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
Most active analysts
Analyst
Firm
Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
Ameriprise posted record Q1 EPS of $11.26 growing 19% with return on equity exceeding 54% as client assets grew 12% and wrap assets surged 16%. The Comerica trust banking relationship early termination drove accelerated outflows in the asset management segment though underlying organic growth remained healthy. Adjusted operating revenues grew 11% to $4.8 billion on strong advisory fee momentum.
Key themes
7
positive📊 company
Record EPS Of $11.26 With ROE Exceeding 54%
Adjusted operating EPS up 19% to record $11.26. ROE increased to more than 54%. Revenues up 11% to $4.8 billion. AUM/A/A grew 12% to $1.7 trillion.
Revenue Growth
Margin
positive📊 company
Client Assets Up 12% With Wrap Assets Up 16%
Total client assets grew 12% to $1.1 trillion. Wrap assets increased 16% to $664 billion. Adviser productivity reached new high of $1.2 million, up 10%.
DemandRevenue Growth
negative📊 company
Comerica Early Termination Driving Accelerated Outflows
Comerica exercised early termination option after Fifth Third acquisition. $18 billion in assets exiting through end of Q3. Received $25 million make-whole payment.
Competitive DynamicsM&A
mixed📊 company
Flows Lighter From Cautious Behavior And Recruiting Lumpiness
Wrap flows of $6 billion were lighter from market volatility, cautious client behavior, and aggressive recruiting environment driving higher departures. Underlying same-store activity remained solid.
DemandCompetitive Dynamics
positive📊 company
Huntington Bank Partnership Adds ~260 Advisers And $28B
Signed multiyear agreement with Huntington Bank as retail investment program provider. Expected to add approximately 260 advisers and $28 billion in assets beginning Q4.
M&ARevenue Growth
mixed📊 company
AM Outflows Improved With Retail Gross Sales Up 26%
Net outflows improved significantly year-over-year to $5.9 billion. Gross retail sales in North America up 26%. ETF platform surpassed $10 billion. AM margins reached 44%.
DemandCompetitive Dynamics
positive📊 company
Capital Return At 88% With 6% Dividend Increase
Returned $936 million (88% of operating earnings) including opportunistic repurchase of 1.6 million shares. Board approved 6% dividend increase.
have you considered looking at some of these tools within your own network? How are you considering that development that's likely to come down the pike
trying to understand the interplay with core NNA expectations over the remainder of the year.
Walter S. Berman:
Oh
Steven Chubak:
Recognizing that TA rates should be sticky
do you still think you can achieve that 4%-5% this year? Or is the increase in competition that you're talking about sort of taking you off that glide path
why didn't Ameriprise lean in more to return more than 88% of operating earnings in 1Q 2026, especially given the stock was back to kind of Liberation Day levels
What AMP said about other companies on its FY2026 Q1 call, and what other companies said about AMP on their calls covering the same calendar quarter (Q1 2026). Each company's own fiscal quarter is shown next to its name. Extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“The opportunity compared to someone like Morgan Stanley and others; there's a lot more opportunity for us there that we are focused on”
Ameriprise frames its pledge-lending/bank penetration runway as larger relative to a peer like Morgan Stanley; a competitive benchmark against Morgan Stanley's wealth-lending base.
Fifth Third acquired Comerica and is keeping the wealth-management program in-house, which is why Ameriprise is losing the Comerica relationship; a signal on Fifth Third's Comerica integration.
ComericaNot covered by TellvestFY2026 Q1Customer
“In the quarter, Comerica exercised their option for early termination of their relationship with us. This resulted in a one-time $25 million make-whole payment for onboarding costs and future earnings”
Comerica terminated its retail-investment-program relationship with Ameriprise (after being acquired), driving ~$18B of adviser/asset outflows through Q3; a negative signal on that lost bank-channel relationship.
“we signed a multi-year agreement to become the retail investment program provider for Huntington Bank. This relationship is expected to add approximately 260 advisors and $28 billion in assets, with onboarding beginning later this year”
Ameriprise won a multiyear deal to run Huntington Bank's retail investment program (~260 advisers, $28B assets), a signal on Huntington outsourcing its wealth platform to AMP.
Key financials
FY2026 Q1 selectedReported GAAP figures from SEC filings
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Quarter
Revenue
Rev YoY
EPS
EPS YoY
Net margin
FY2024 Q4
$4.50B
+12.8%
$10.58
+196.4%
23.8%
FY2025 Q1
$4.35B
+5.0%
$5.83
-38.4%
13.4%
FY2025 Q2
$4.38B
+3.7%
$10.73
+33.8%
24.2%
FY2025 Q3
$4.79B
+9.0%
$9.33
+86.6%
19.0%
FY2025 Q4
$4.96B
+10.2%
$10.47
-1.0%
20.3%
FY2026 Q1Selected
$4.81B
+10.5%
$9.68
+66.0%
19.0%
FY2026 Q2
$4.94B
+12.9%
$11.98
+11.7%
22.5%
As stated by management
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
EPS
“EPS up 19% to a record $11.26”
Revenue
“adjusted operating revenues were up 11% to $4.8 billion”
Guidance
“No formal guidance provided; targeting 85-90% capital return”
Key metric
“assets under management administration advisement grew 12% to $1.7 trillion”
Corporate events
Filed after the FY2026 Q1 call day (Apr 23, 2026) through the next call day (Jul 23, 2026)From SEC 8-K filings
Analyst challenge ratePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. · all analyzed quarters
8%
Share price · trailing year
daily closes, last 12 months — not scoped to the selected quarter · dots mark earnings calls, colored by that quarter’s score
Sources.Tellvest earnings-call sentiment score for Ameriprise Financial (AMP), FY2026 Q1: 8/10. Scores: Ameriprise Financial’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: AMP daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
company-level, not the selected quarter
GAAP revenue YoY +8.99% → base 7. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
▸How this score was built
Base7Base 7GAAP revenue YoY +8.99% → base 7. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.+Transcript0Transcript 0GAAP revenue is clean, no distortion.+EPS+1EPS +1GAAP EPS YoY +66.04% vs revenue +8.99% (spread +57.05 percentage points) massively distorted by MTM on share-based compensation and other items. operating income YoY +59.58% (spread +50.59 percentage points) also contaminated by same operating-line items. Management states adjusted operating EPS up 19% to $11.26 (includes $25M Comerica make-whole). Excluding Comerica, earnings up 17%. Using ex-Comerica: adjusted spread = 17 - 8.99 = +8.01 percentage points (outside +5 percentage points). Ex-charge OI from AWM +17% ex-Comerica, AM +13%: consolidated adjusted OI growth ~15-17%, spread ~+6-8 percentage points (outside +5 percentage points, same direction as adjusted EPS). Both outside, same direction.+Guidance0Guidance 0No formal forward guidance provided. Capital return target of 85-90% and expense expectations are spend commitments, not growth metrics.=Final8
How this score was built
Base7Base 7GAAP revenue YoY +8.99% → base 7. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.+Transcript0Transcript 0GAAP revenue is clean, no distortion.+
570.68
430.40
6
7
8
Oct 25Oct 26
EPS
+1
EPS +1GAAP EPS YoY +66.04% vs revenue +8.99% (spread +57.05 percentage points) massively distorted by MTM on share-based compensation and other items. operating income YoY +59.58% (spread +50.59 percentage points) also contaminated by same operating-line items. Management states adjusted operating EPS up 19% to $11.26 (includes $25M Comerica make-whole). Excluding Comerica, earnings up 17%. Using ex-Comerica: adjusted spread = 17 - 8.99 = +8.01 percentage points (outside +5 percentage points). Ex-charge OI from AWM +17% ex-Comerica, AM +13%: consolidated adjusted OI growth ~15-17%, spread ~+6-8 percentage points (outside +5 percentage points, same direction as adjusted EPS). Both outside, same direction.
+
Guidance0Guidance 0No formal forward guidance provided. Capital return target of 85-90% and expense expectations are spend commitments, not growth metrics.
Revenue rose 27% year over year to $6.7 billion and as-adjusted earnings per share of $12.53 was 11% higher, as $130 billion of net inflows drove 8% organic base fee growth, BlackRock's seventh consecutive quarter at or above 5%
Northern Trust extended its positive operating leverage streak to seven consecutive quarters, posting record NII of $662 million, up 15% year-over-year, and EPS of $2.71, up 43%
Record quarterly revenue of $3.8 billion grew 16% excluding notable items with fee revenue surging 15% and NII breaking out at 17% growth, as State Street achieved its ninth straight quarter of operating leverage
Revenue rose 27% year over year to $6.7 billion and as-adjusted earnings per share of $12.53 was 11% higher, as $130 billion of net inflows drove 8% organic base fee growth, BlackRock's seventh consecutive quarter at or above 5%
Northern Trust extended its positive operating leverage streak to seven consecutive quarters, posting record NII of $662 million, up 15% year-over-year, and EPS of $2.71, up 43%
Record quarterly revenue of $3.8 billion grew 16% excluding notable items with fee revenue surging 15% and NII breaking out at 17% growth, as State Street achieved its ninth straight quarter of operating leverage