Ameriprise Q2 Segment Details: $3.2B Advice Revenue, $19B Comerica Exit, $1.70 Dividend
AMP sits 23% above its 52-week low of $422.37.
Summary
Ameriprise disclosed granular Q2 segment results: Advice & Wealth Management generated $3.246B in revenue with $939M pretax, Asset Management $947M revenue and $274M pretax, and Retirement & Protection $975M revenue and $202M pretax. Retirement sales jumped 20%. The company expects about $19B in Comerica-related assets to depart by end of Q3 2026, while Huntington Bank will onboard roughly 260 advisors and $28B in client assets in Q4 2026–early 2027. A $1.70 quarterly dividend was declared, payable August 21 to shareholders of record August 3. These details follow yesterday's Q2 earnings release and add color on segment profitability and the shifting advisor landscape.
At the time of this announcement, AMP was trading at $520.11 on NYSE in the Finance sector, with a market capitalization of approximately $46.8B. The 52-week trading range was $422.37 to $550.18. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.