Ameriprise reports Q4 adjusted operating EPS $6.94, consensus $6.48

Reports Q4 revenue $3.62B, consensus $3.47B. "We achieved record results in 2022 that demonstrate the strength, diversification and capabilities of our business," said chairman and CEO Jim Cracchiolo. "Wealth Management client flows for the year hit a new high reflecting our proven, advice-based client experience and broad suite of solutions. In addition, we are seeing strong growth across our cash offerings including at the bank – a significant benefit in this rising interest rate environment. Our Retirement and Protection Solutions business also benefited from increased spread revenue and had a good quarter. And while our Asset Management business was impacted by the industry-wide pressure from lower markets and volatility, we remained focused on executing our strategic priorities, including the integration of the BMO EMEA business."