Ameriprise Financial

Ameriprise has an exemplary record of returning capital while investing for growth. TTM capital returned through June 30, 2025 was 3.0 billion dollars (2.4 billion dollars buybacks, 0.6 billion dollars dividends), and share count fell 22 percent over five years as the dividend was raised regularly.

Management targets ~80 percent+ of earnings returned over time, supported by ~90 percent free cash flow conversion. Opportunistic M&A has been disciplined (e.g., BMO EMEA asset management integration) and internal reinvestment is focused on advisor tech, AI and client experience.

A new 4.5 billion dollars repurchase authorization through June 2027 adds visibility.