Ameriprise Financial reported sound third-quarter results, generating 10% growth in net revenue (to $5.1 billion) and 14% growth in adjusted EPS (to $11.26) on the back of 8% growth in client assets. Strong market performance was the main driver of performance.
Increasing willingness for regional banks to offload technology investment and risk management to large, trusted intermediaries could drive a durable uptick in organic asset growth.
Equity market declines or falling interest rates could drive a substantial decline in Ameriprise's near-term earnings power and margin profile.
Metric | AMP | RJF | LPLA |
|---|---|---|---|
Price/Earnings (Normalized) | 11.58 | 13.55 | 13.63 |
Price/Book Value | 8.85 | 2.47 | 4.16 |
Price/Sales | 2.46 | 2.15 | 1.21 |
Price/Cash Flow | 10.59 | 12.29 | 8.27 |
Metric | AMP | RJF | LPLA |
|---|---|---|---|
Quick Ratio | — | — | 1.69 |
Current Ratio | — | — | 2.13 |
Interest Coverage | 17.22 | — | 5.56 |
Metric | AMP | RJF | LPLA |
|---|---|---|---|
Return on Assets (Normalized) | 2.26% | 2.67% | 2.22% |
Return on Equity (Normalized) | 70.41% | 19.21% | 7.64% |
Return on Invested Capital (Normalized) | 10.02% | — | 5.52% |
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United States