Ameriprise Financial Inc

Strong Financial Performance: Ameriprise reported a solid first quarter with adjusted operating earnings per share (EPS) increasing 13% to $9.50, driven by a 5% rise in revenues due to positive asset growth and strong client activity. Return on equity (ROE) ex AOCI stands at a remarkable 52%, reflecting the firm's financial strength and efficient operations.

Wealth Management Highlights: Assets under management and administration grew to $1.5 trillion, with wealth management client assets increasing 7% to $1 trillion. The firm experienced good inflows of $10.3 billion in the quarter, particularly driven by wrap activity, which saw a 34% year-over-year growth. The firm's adviser productivity also improved, with revenue per adviser up 12% to $1.1 million.

Dividend Increase and Share Repurchase: Ameriprise announced an 8% dividend increase and a new share repurchase authorization of $4.5 billion. The company returned $765 million or 81% of operating earnings to shareholders in the quarter, demonstrating a strong commitment to capital return despite the market volatility.