Ameriprise reports Q3 adjusted EPS $4.12, consensus $4.09
Reports Q3 revenue $3.32B, consensus $2.99B. Perspective from Jim Cracchiolo, Chairman and Chief Executive Officer: "Ameriprise delivered an excellent quarter. Advice & Wealth Management is leading our growth with solid contributions from asset management and our insurance businesses. Our value proposition continues to distinguish Ameriprise. Client activity was strong with good growth in assets and net inflows into investment advisory. Our capital strength is a clear differentiator. We remain focused on generating significant free cash flow that we invest for growth and return to shareholders at attractive levels. In the quarter, we returned nearly 120 percent of our adjusted operating earnings to shareholders. And with the successful completion of the sale of Ameriprise Auto and Home, we further strengthened our capital flexibility as we execute our plans."