Ameriprise reports Q1 EPS $8.39, consensus $8.20

Reports Q1 revenue $4.15B, consensus $4.12B. CEO Jim Cracchiolo says: “Ameriprise delivered another good quarter with contributions across our diversified business. Wealth Management continues to be our primary growth driver with firm-wide assets under management and administration increasing to a new high of $1.4 trillion aided by positive markets. The combination of our businesses and capabilities provides important strength, allowing us to serve clients’ needs well in a dynamic operating environment. Our capital position is a consistent differentiator. Ameriprise generates significant free cash flow that we invest for growth and return to shareholders, including today’s announcement of another increase in our dividend, up 10 percent.”