AMP

Apollo Global Management, Inc. APO continues to expand its alternative investment platform, supported by strong organic asset under management (AUM) growth. The company’s AUM witnessed a compound annual growth rate (CAGR) of 19.6% from 2022 to 2025, with the growth trend continuing in the first half of 2026. Total AUM reached $1.05 trillion as of June 30, 2026, up 25% year over year, reflecting robust capital formation and continued growth in Asset Management and Retirement Services. AUM Growth Trend Image Source: Apollo Global Management, Inc. Apollo’s ability to consistently attract capital remains a key driver of its AUM expansion. The company generated $298 billion of gross inflows over the last 12 months, including $220 billion from Asset Management and $78 billion from Retirement Services. Strong fundraising across institutional and global wealth channels, along with robust Retirement Services inflows, should continue to support growth across the platform. As of June 30, 2026, fee-generating AUM increased 34% year over year to $858 billion, supporting Apollo's ability to generate recurring fee income. The increase was driven by strong capital formation across institutional and global wealth channels, continued fundraising across credit and equity strategies, and growth in Retirement Services. Strategic acquisitions further strengthened Apollo’s long-term AUM growth prospects. In February 2026, Apollo entered into a strategic partnership with Schroders to develop next-generation wealth and retirement investment solutions for institutional and wealth clients across the U.K. and the U.S., creating opportunities to expand client reach and attract incremental assets. In September 2025, Apollo acquired Bridge Investment Group Holdings Inc. to broaden its real estate investment capabilities and enhance its ability to attract and retain institutional and wealth-management capital, supporting sustained AUM growth over the long haul. Though recent private-market concerns, including valuation opacity, liquidity constraints, and slower exit activity, could weigh on investor sentiment and near-term AUM growth, Apollo’s strong capital formation and expanding capabilities should support long-term AUM expansion. Continued growth in fee-generating and perpetual capital AUM should strengthen recurring fee income and enhance earnings stability. Further, management’s plans to scale its private equity business could help total AUM approach $1.5 trillion by 2029, making sustained AUM growth a key driver of Apollo’s earnings trajectory. For 2026 and 2027, APO’s earnings are projected to rise 5.13% and 22.22%, respectively. Earnings Estimate Image Source: Zacks Investment Research Ameriprise Financial AMP has been witnessing solid growth in its AUM/assets under administration (AUA) balance. Over the five years (2020-2025), total AUM/AUA recorded a CAGR of 9%, supported by strong advisor recruitment, record advisor productivity, rising adoption of fee-based solutions and favorable asset flows. The momentum continued in the first half of 2026, with AUM/AUA reaching a record $1.81 trillion as of June 30, 2026. Ameriprise’s robust AUM/AUA base supports long-term earnings growth by expanding its pool of fee-generating client assets across its diversified wealth management and asset management businesses. Similarly, KKR & Co. KKR has been witnessing strong growth in its AUM balance, driven primarily by robust fundraising and the continued expansion of its investment platform. Over the five years (2020-2025), total AUM recorded a CAGR of 24.2%, with the growth momentum continuing in the first half of 2026. As of June 30, 2026, total AUM was $796.5 billion, while fee-paying AUM reached $638.4 billion. KKR’s expanding AUM and fee-paying AUM base supports long-term earnings growth by increasing the pool of capital that generates recurring management fees across its private equity, credit, real assets and other investment strategies. The company’s shares have gained 22.9% in the past six months compared with the industry’s 13.2% rise. Price Performance Image Source: Zacks Investment Research Currently, APO carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Apollo Global Management Inc. (APO) : Free Stock Analysis Report Ameriprise Financial, Inc. (AMP) : Free Stock Analysis Report KKR & Co. Inc. (KKR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Ameriprise Financial has delivered a strong share price run over the past five years, yet current valuation checks suggest the stock may still trade below an intrinsic value estimate based on an Excess Returns model and on earnings multiples. With several methods pointing in the same direction, the gap between recent performance and what the models suggest is worth a closer look. Ameriprise Financial has returned 118.4% over the past five years, which puts recent short term share price moves into a longer term context of solid compounding for shareholders. The valuation backdrop can be influenced by how sustainably Ameriprise Financial converts advice and asset management fees into excess returns on capital. At the same time, any pressure on client asset growth or market levels may challenge those economics. The company carries a high value score, and across six checks Ameriprise Financial generally looks cheap relative to the intrinsic value estimate and to market multiples on this framework, according to 5 out of 6 tests. The issue now is whether the current US$553.11 share price already reflects those supportive signals, or if a meaningful discount to the intrinsic value estimate still remains. Spot opportunities that look similar to Ameriprise Financial's high value score and discounted Excess Returns profile by scanning 45 high quality undervalued stocks today. The Excess Returns model evaluates how effectively Ameriprise Financial converts its equity base into earnings above its estimated cost of capital. For Ameriprise Financial, the inputs point to a company generating sizeable returns on its equity. Book value is set at $71.97 per share, with a stable book value estimate of $94.40 per share based on analyst forecasts. Stable EPS is modeled at $51.07 per share, against a cost of equity of $7.58 per share. This implies an excess return of $43.49 per share and an average return on equity of 54.09%. Plugging these into the Excess Returns framework gives an intrinsic value estimate of $1,099 per share. Compared with the recent price around $553, the model implies the stock is 49.7% undervalued. On this Excess Returns view, Ameriprise Financial stock screens as clearly undervalued relative to its modeled intrinsic value. Our Excess Returns analysis suggests Ameriprise Financial is undervalued by 49.7%. Track this in your watchlist or portfolio, or discover 45 more high quality undervalued stocks. Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Ameriprise Financial. P/E is a useful check for Ameriprise Financial because earnings are a key driver of value for an advice and asset management business. On this measure, Ameriprise Financial trades at about 12.4x earnings. That is well below the Capital Markets industry average of around 39.6x and also below the wider peer group average of roughly 24.9x. The model based fair P/E ratio for Ameriprise Financial is 15.9x, which reflects what investors might typically pay given its sector, size and risk profile. The current 12.4x level is therefore below this fair multiple, which points to a discount on this earnings measure even after allowing for industry context and peer comparisons. On the P/E multiple, Ameriprise Financial stock appears undervalued relative to both its sector and the model based fair ratio. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives pick up where these Ameriprise Financial valuation checks leave off. They spell out the growth, margin and earnings paths that would need to hold for Ameriprise Financial's stock to be worth materially more or less than today, and they sit on the company’s Community page. Rather than relying on a single model output, each narrative lays out its assumptions so you can compare them with actual results over time. One of the top community narratives on Ameriprise Financial: roughly fairly valued Read one of the top narratives on Ameriprise Financial Do you think there's more to the story for Ameriprise Financial? Head over to our Community to see what others are saying! The Excess Returns intrinsic value estimate and the earnings multiple work in the same direction for Ameriprise Financial. Both suggest the stock trades at a discount that broad valuation checks also support. The real debate from here is whether Ameriprise Financial can keep translating its advice and asset management franchise into returns on equity that match those assumptions. The key swing factor is whether the current discount reflects mispricing or a market view that future economics on client assets will be harder to sustain. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include AMP. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

A month has gone by since the last earnings report for Invesco (IVZ). Shares have added about 17.5% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Invesco due for a pullback? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for Invesco Ltd. before we dive into how investors and analysts have reacted as of late. Invesco’s second-quarter 2026 adjusted earnings of 71 cents per share surpassed the Zacks Consensus Estimate of 67 cents. The bottom line increased 97.2% from the prior-year quarter.The results primarily benefited from an increase in adjusted revenues and substantial growth in AUM balance. Record net long-term inflows also supported the quarter. However, an increase in adjusted expenses was a headwind.Net income attributable to Invesco Ltd. (GAAP basis) was $345.3 million or 76 cents per share against a net loss of $12.5 million or 3 cents per share in the year-ago quarter. Adjusted net revenues in the quarter were $1.33 billion, up 20.3% year over year. The top line marginally surpassed the Zacks Consensus Estimate. The rise in revenues was driven by higher average AUM and net revenues earned from QQQ. Favorable foreign exchange rate changes increased net revenues by $6.3 million.Adjusted operating expenses were $830.4 million, up 9.2% year over year. The increase reflected higher employee compensation and marketing expenses. General and administrative expenses also increased, primarily due to higher professional fees.The adjusted operating margin was 37.5%, up from 31.2% a year ago. As of June 30, 2026, AUM was $2.47 trillion, up 23.4% year over year. The average AUM in the second quarter totaled $2.37 trillion, up 24.8%.Net long-term inflows were a record $45.1 billion compared with $15.6 billion in the year-ago quarter. The annualized long-term organic growth rate was 8.5%.Client demand remained supportive across IVZ’s multiple investment capabilities. Net long-term inflows were led by ETFs and Index products ($30.1 billion), QQQ ($13.8 billion), the China joint venture ($6.9 billion), Private Markets ($1.9 billion) and Fundamental Fixed Income ($0.4 billion). These positives were partially offset by net outflows from Fundamental Equities of $7.7 billion and Multi-Asset/Other strategies of $0.3 billion.By geography, the Americas, Asia Pacific and EMEA produced net long-term inflows of $30.8 billion, $8.2 billion and $6.1 billion, respectively. As of June 30, 2026, cash and cash equivalents were $915.4 million compared with $806.9 million as of March 31, 2026. Debt was $1.62 billion, down from $1.97 billion at the end of the prior quarter. The credit facility balance declined to $736 million from $1.08 billion. Net debt was $708.6 million, down from $1.16 billion as of March 31, 2026. In the reported quarter, Invesco repurchased 1.9 million common shares for $50 million in the open market. Management expects one-time implementation costs of the Alpha investment platform to be $15 million per quarter in the second half of 2026, with completion targeted by the end of 2026. As more AUM transitions onto the platform during 2026, the incremental expense associated with AUM on the system is expected to build through the year, reaching approximately $10 million per quarter later in the year. Hence, the combined costs related to the hybrid platform are expected to be $20 million to $25 million higher in 2026 than in 2025.Implementation spending should begin tapering in the first quarter of 2027 and decline fairly quickly thereafter. Management expects the installed platform to create further expense-efficiency opportunities through 2027 and into 2028.Beginning in the third quarter of 2026, operating income is expected to be negatively impacted initially by the Canada fund deal, including an operating expense reduction of $5 million to $10 million per quarter (i.e., a cost benefit that partially offsets other headwinds). Over time, the operating expense benefit is expected to move closer to about $10 million per quarter.For 2026, the company expects $3.275 billion in operating expenses. Compensation expenses are expected to be roughly 40% of revenues. Third-party expenses plus distribution fees relative to management fees are expected to be 22.7–23%, likely closer to 23%, reflecting a mix shift toward lower-fee products such as QQQ, QQQM and RSP.Non-GAAP effective tax rate is expected to be in the range of 25-26% for the second half of 2026. Since the earnings release, investors have witnessed a upward trend in estimates revision. At this time, Invesco has a average Growth Score of C, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock was allocated a grade of B on the value side, putting it in the second quintile for value investors. Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending upward for the stock, and the magnitude of these revisions indicates a downward shift. It comes with little surprise Invesco has a Zacks Rank #1 (Strong Buy). We expect an above average return from the stock in the next few months. Invesco belongs to the Zacks Financial - Investment Management industry. Another stock from the same industry, Ameriprise Financial Services (AMP), has gained 3.7% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026. Ameriprise reported revenues of $4.9 billion in the last reported quarter, representing a year-over-year change of +13%. EPS of $11.07 for the same period compares with $9.11 a year ago. Ameriprise is expected to post earnings of $11.59 per share for the current quarter, representing a year-over-year change of +16.8%. Over the last 30 days, the Zacks Consensus Estimate has changed +1.2%. Ameriprise has a Zacks Rank #2 (Buy) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of B. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Invesco Ltd. (IVZ) : Free Stock Analysis Report Ameriprise Financial, Inc. (AMP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q2. Today, we are looking at custody bank stocks, starting with Ameriprise Financial (NYSE:AMP). Custody banks safeguard financial assets and provide services like settlement, accounting, and regulatory compliance for institutional investors. Growth opportunities stem from increasing global assets under custody, demand for data analytics, and blockchain technology adoption for settlement efficiency. Challenges include fee pressure from large clients, substantial technology investment requirements, and competition from both traditional players and fintech firms entering the space. The 16 custody bank stocks we track reported a strong Q2. As a group, revenues beat analysts’ consensus estimates by 3.2%. In light of this news, share prices of the companies have held steady as they are up 4.8% on average since the latest earnings results. Founded in 1894 and spun off from American Express in 2005, Ameriprise Financial (NYSE:AMP) provides financial planning, wealth management, asset management, and insurance products to help individuals and institutions achieve their financial goals. Ameriprise Financial reported revenues of $4.90 billion, up 13% year on year. This print exceeded analysts’ expectations by 1.9%. Overall, it was a satisfactory quarter for the company with a beat of analysts’ EPS estimates. Interestingly, the stock is up 6.5% since reporting and currently trades at $561.21. Is now the time to buy Ameriprise Financial? Access our full analysis of the earnings results here, it’s free. With over $100 billion in assets under management and supervision, Hamilton Lane (NASDAQ:HLNE) is an investment management firm that specializes in private markets, offering advisory services and fund solutions to institutional and private wealth investors. Hamilton Lane reported revenues of $275.3 million, up 56.5% year on year, outperforming analysts’ expectations by 21%. The business had an incredible quarter with a beat of analysts’ EPS and AUM estimates. Hamilton Lane achieved the biggest analyst estimate beat in the group. The market seems happy with the results as the stock is up 10.8% since reporting. It currently trades at $105.14. Is now the time to buy Hamilton Lane? Access our full analysis of the earnings results here, it’s free. Operating as both an advisor and asset manager with over $100 billion in assets under management, StepStone Group (NASDAQ:STEP) is an investment firm that provides clients with access to private market investments across private equity, real estate, private debt, and infrastructure. StepStone Group reported revenues of $300.6 million, up 26.6% year on year, falling short of analysts’ expectations by 3.9%. It was a softer quarter as it posted a significant miss of analysts’ EBITDA and AUM estimates. StepStone Group delivered the weakest performance against analyst estimates among its peers. As expected, the stock is down 2.2% since the results and currently trades at $49.20. Read our full analysis of StepStone Group’s results here. Operating as a bridge between institutional investors and hard-to-access private market opportunities, Ridgepost Capital (NYSE:RPC) is an alternative asset management firm that provides access to private equity, venture capital, impact investing, and private credit opportunities in the middle and lower middle markets. Ridgepost Capital reported revenues of $81.28 million, up 11.5% year on year. This result surpassed analysts’ expectations by 3.6%. Overall, it was a strong quarter as it also put up a beat of analysts’ EPS estimates. The stock is down 1.7% since reporting and currently trades at $8.89. Read our full, actionable report on Ridgepost Capital here, it’s free. Originally spun off from Dutch financial giant ING in 2013 and rebranded with a name suggesting "voyage," Voya Financial (NYSE:VOYA) provides workplace benefits and savings solutions to U.S. employers, helping their employees achieve better financial outcomes through retirement plans and insurance products. Voya Financial reported revenues of $1.88 billion, flat year on year. This number was in line with analysts’ expectations. Taking a step back, it was a softer quarter as it produced a significant miss of analysts’ EPS estimates. Voya Financial had the slowest revenue growth of the whole group. The stock is down 1.5% since reporting and currently trades at $99.13. Read our full, actionable report on Voya Financial here, it’s free. Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership. Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products. By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals. Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

Ameriprise Financial Services (AMP) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company. The upward trend in estimate revisions for this financial services company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. Consensus earnings estimates for the next quarter and full year have moved considerably higher for Ameriprise Financial Services, as there has been strong agreement among the covering analysts in raising estimates. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: The earnings estimate of $11.56 per share for the current quarter represents a change of +16.5% from the number reported a year ago. The Zacks Consensus Estimate for Ameriprise has increased 5.8% over the last 30 days, as four estimates have gone higher compared to no negative revisions. The company is expected to earn $46.12 per share for the full year, which represents a change of +17.2% from the prior-year number. There has been an encouraging trend in estimate revisions for the current year as well. Over the past month, five estimates have moved up for Ameriprise versus no negative revisions. This has pushed the consensus estimate 7.23% higher. The promising estimate revisions have helped Ameriprise earn a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. While strong estimate revisions for Ameriprise have attracted decent investments and pushed the stock 11.6% higher over the past four weeks, further upside may still be left in the stock. So, you may consider adding it to your portfolio right away. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ameriprise Financial, Inc. (AMP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Ameriprise Financial’s second quarter results reflected strong asset growth and adviser productivity, with management citing the benefit of a diversified business model and ongoing technology investments. CEO Jim Cracchiolo pointed to the firm’s ability to deliver consistent revenue and earnings increases despite a dynamic market environment, attributing performance to high client engagement and a mix of fee, transaction, and spread-based business. Management highlighted notable growth in assets under management and administration, and emphasized that operational improvements—including adviser workflow automation and AI-powered tools—drove higher adviser efficiency and client satisfaction during the quarter. Is now the time to buy AMP? Find out in our full research report (it’s free). Revenue: $4.90 billion vs analyst estimates of $4.81 billion (13% year-on-year growth, 1.9% beat) Adjusted EPS: $11.07 vs analyst estimates of $10.81 (2.4% beat) Operating Margin: 31.4%, down from 37.6% in the same quarter last year Market Capitalization: $47.76 billion While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Brennan Hawken (BMO Capital Markets) asked for clarity on the size and timeline of Comerica adviser outflows. CEO Jim Cracchiolo and CFO Walter Berman said $19 billion in client assets will exit by end of third quarter, with Huntington Bank’s onboarding expected to offset this loss. Craig Siegenthaler (Bank of America) inquired about statutory earnings from life insurance and sustainability of stock buybacks. CFO Walter Berman emphasized ongoing free cash flow generation and excess capital, confirming capital return levels are sustainable. Crispin Love (Piper Sandler) questioned margin outlook in wealth and asset management, and the extent to which AI can further improve adviser productivity. Management reiterated that current margins are sustainable and that AI adoption is expected to drive ongoing productivity gains as more advisers utilize new tools. Wilma Jackson Burdis (Raymond James) queried the softness in total client flows versus robust wrap flows, and opportunities to promote Columbia Threadneedle products. Management attributed weaker flows to Comerica’s exit and seasonal tax impacts, and noted increased activity in Columbia’s SMAs and ETFs without specific fee incentives. Thomas Gallagher (Evercore ISI) sought clarification on the composition of wrap versus total client flows and the sustainability of current margin levels amid aggressive recruiting. Management confirmed wrap is just one component of total flows and expressed confidence in maintaining margins through selective recruiting and operational discipline. Going forward, StockStory analysts will watch (1) the successful onboarding of Huntington Bank and its impact on asset flows, (2) continued adviser recruitment and retention in a competitive market, and (3) the adoption rate and productivity impact of AI-driven adviser tools. Additionally, we will monitor progress in cross-selling banking products and the contribution of new asset management offerings to overall growth. Ameriprise Financial currently trades at $540.44, up from $526.82 just before the earnings. At this price, is it a buy or sell? See for yourself in our full research report (it’s free for active Edge members). ALSO WORTH WATCHING: Top 5 Momentum Stocks. The best time to own a great stock is when the market is finally noticing it. These aren’t just high-quality businesses. Something is happening with them right now. Elite fundamentals meet near-term momentum — both boxes checked at the same time. Find out which stocks our AI platform is flagging this week. See this week’s Strong Momentum stocks — FREE. Get Our Strong Momentum Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+1,154% between June 2020 and June 2025). Find your next big winner with StockStory today.

Franklin Resources Inc. BEN reported third-quarter fiscal 2026 (ended June 30, 2026) adjusted earnings of 72 cents per share, which surpassed the Zacks Consensus Estimate of 66 cents per share. The bottom line also improved from 49 cents reported in the year-ago quarter. Results benefited from higher operating revenues and record assets under management (AUM). However, elevated operating expenses acted as a headwind. Results include certain items. After considering those, net income (GAAP basis) was $171.5 million, up 85.8% year over year. Total operating revenues increased 14.3% year over year to $2.36 billion in the fiscal third quarter. Further, the reported figure outpaced the Zacks Consensus Estimate of $2.27 billion. The increase was driven by growth across all revenue categories. Investment management fees rose 13.7% year over year to $1.87 billion. Sales and distribution fees increased 14.9% to $404.5 million from the prior-year quarter. Shareholder servicing fees climbed 24% to $74.3 million, while other revenues grew 17.5% to $13.4 million from the year-ago quarter. Total operating expenses increased 12.2% year over year to $2.14 billion, primarily due to higher compensation and benefits, sales, distribution and marketing expenses, general and administrative costs, and impairment charges. Franklin reported an operating margin of 9.2% compared with 7.5% in the year-ago quarter. As of June 30, 2026, total AUM was a record $1.79 trillion, increasing 11.2% from the prior-year quarter. The company generated $18.4 billion of long-term net inflows during the quarter compared with long-term net outflows of $9.3 billion in the year-ago period. The average AUM increased 11.8% year over year to $1.75 trillion. As of June 30, 2026, cash and cash equivalents and investments totaled $5.4 billion, while total stockholders’ equity was $12.9 billion. During the quarter, Franklin Resources repurchased 10.4 million shares of common stock for $348.1 million. Overall, the company returned $521.5 million to shareholders during the quarter through share repurchases and dividends. In June 2026, the company's asset management arm, Franklin Templeton completed its previously announced acquisition of 250 Digital, an active cryptocurrency investment management firm. The transaction included 250 Digital’s investment team and all liquid cryptocurrency strategies previously managed by CoinFund. Following the completion, the company formally launched Franklin Crypto, a dedicated active digital asset management division focused on institutional clients. The move strengthens BEN’s cryptocurrency investment capabilities by combining crypto-native expertise with Franklin Templeton’s global distribution, research, portfolio construction and risk-management platform. Franklin Resources delivered a strong quarter, supported by broad-based revenue growth, record AUM and robust long-term net inflows. The company also continued returning capital to shareholders through sizable share repurchases. However, rising operating expenses and impairment-related charges remain areas to monitor. Franklin Resources, Inc. price-consensus-eps-surprise-chart | Franklin Resources, Inc. Quote Currently, Franklin sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. Invesco’s IVZ second-quarter 2026 adjusted earnings of 71 cents per share surpassed the Zacks Consensus Estimate of 67 cents. The bottom line increased 97.2% from the prior-year quarter. IVZ’s results primarily benefited from an increase in adjusted revenues and substantial growth in AUM balance. Record net long-term inflows also supported the quarter. However, an increase in adjusted expenses was a headwind. Ameriprise Financial’s AMP second-quarter 2026 adjusted operating earnings were $11.07 per share, which handily surpassed the Zacks Consensus Estimate of $10.72. The bottom line reflected a rise of 22% from the year-ago quarter. Results benefited from higher revenues and an improvement in AUM and assets under administration balances to record levels. However, an increase in expenses was a headwind for AMP. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report Invesco Ltd. (IVZ) : Free Stock Analysis Report Ameriprise Financial, Inc. (AMP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

T. Rowe Price Group, Inc.’s TROW second-quarter 2026 adjusted earnings per share (EPS) of $2.57 surpassed the Zacks Consensus Estimate of $2.52. Further, the bottom line increased 14.7% year over year. TROW's results benefited from higher investment advisory fees and record assets under management (AUM). Positive capital allocation-based income was also encouraging. However, higher expenses acted as a headwind. The results included certain items. After considering those, net income attributable to T. Rowe Price (on a GAAP basis) was $632 million, which rose 25.1% from the prior-year quarter. Net revenues rose 10.7% year over year to $1.91 billion. However, the top line missed the Zacks Consensus Estimate of $1.92 billion by 0.66%. Investment advisory fees rose 11.3% year over year to $1.74 billion. Capital allocation-based income was $11.9 million against a loss of $0.4 million in the prior-year quarter. Administrative, distribution, servicing and other fees declined 3.7% year over year to $144.2 million. Total operating expenses increased 9.8% year over year to $1.37 billion in the reported quarter. On an adjusted basis, operating expenses were $1.20 billion, up 4.9% year over year. As of June 30, 2026, total AUM reached a record $1.89 trillion, up 12.9% year over year. In the second quarter, net market appreciation and income of $190.2 billion favorably impacted T. Rowe Price’s AUM. However, net cash outflows were $6.5 billion. The company had substantial liquidity, including cash and cash equivalents of $3.23 billion as of June 30, 2026, up from $3.06 billion as of June 30, 2025. This will enable TROW to keep investing. T. Rowe Price returned $441 million to shareholders through recurring quarterly dividends and share repurchases in the second quarter. TROW’s record AUM balance, higher investment advisory fees and positive capital allocation-based income are likely to support top-line growth. Its broadening distribution reach and efforts to diversify the business through acquisitions and product enhancements further support growth. A substantial liquidity position enables the company to continue investing and sustain capital distributions. However, persistent net cash outflows and an elevated expense base remain concerns. T. Rowe Price Group, Inc. price-consensus-eps-surprise-chart | T. Rowe Price Group, Inc. Quote Currently, TROW carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Invesco’s IVZ second-quarter 2026 adjusted earnings of 71 cents per share surpassed the Zacks Consensus Estimate of 67 cents. The bottom line increased 97.2% from the prior-year quarter. IVZ’s results primarily benefited from an increase in adjusted revenues and substantial growth in AUM balance. Record net long-term inflows also supported the quarter. However, an increase in adjusted expenses was a headwind. Ameriprise Financial’s AMP second-quarter 2026 adjusted operating earnings were $11.07 per share, which handily surpassed the Zacks Consensus Estimate of $10.72. The bottom line reflected a rise of 22% from the year-ago quarter. Results benefited from higher revenues and an improvement in AUM and assets under administration balances to record levels. However, an increase in expenses was a headwind for AMP. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report T. Rowe Price Group, Inc. (TROW) : Free Stock Analysis Report Invesco Ltd. (IVZ) : Free Stock Analysis Report Ameriprise Financial, Inc. (AMP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Ameriprise Financial, Inc. reported past second-quarter 2026 results with revenue of US$5,013 million and net income of US$1,113 million, alongside higher basic and diluted earnings per share from continuing operations year over year. On the same day, the company also declared a quarterly dividend of US$1.70 per share, underlining its ongoing pattern of returning cash to shareholders even as reported sales declined modestly versus the prior year. Next, we’ll examine how Ameriprise’s earnings growth and continued dividend payments may influence its existing investment narrative and risk outlook. Outshine the giants: these 15 early-stage AI stocks could fund your retirement. To own Ameriprise, you generally need to believe in the resilience of its advice and wealth management model, supported by adviser productivity, platform investments and disciplined capital returns. The latest quarter showed higher revenue and earnings, which supports that view, while the modest decline in reported sales does not appear to materially change the near term focus on adviser growth and technology as key catalysts. The biggest immediate risk remains market driven volatility in client assets and flows. The most relevant announcement here is the continued US$1.70 quarterly dividend, coming shortly after a dividend increase in April 2026. Together with ongoing buybacks, this reinforces Ameriprise’s use of capital returns as a potential earnings per share driver, which ties directly into the catalyst of capital flexibility. At the same time, it raises the question of how sustainable these returns are if asset management outflows or market volatility were to intensify. Yet beneath the higher earnings and steady dividend, investors should be aware that concentrated exposure to market driven fee revenue could... Read the full narrative on Ameriprise Financial (it's free!) Ameriprise Financial's narrative projects $22.7 billion revenue and $4.8 billion earnings by 2029. This requires 4.6% yearly revenue growth and about a $0.9 billion earnings increase from $3.9 billion today. Uncover how Ameriprise Financial's forecasts yield a $562.91 fair value, a 4% upside to its current price. Before this report, the most optimistic analysts were modeling revenue around US$21.5 billion and earnings of about US$4.6 billion by 2029, far above consensus, while also worrying about regulatory and interest sensitive risks; you can use this quarter’s numbers to decide whether that more aggressive view still feels realistic. Explore 3 other fair value estimates on Ameriprise Financial - why the stock might be worth just $562.91! Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts. A great starting point for your Ameriprise Financial research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision. Our free Ameriprise Financial research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Ameriprise Financial's overall financial health at a glance. Markets shift fast. These stocks won't stay hidden for long. Get the list while it matters: Capitalize on the AI infrastructure supercycle with our selection of the 56 best 'picks and shovels' of the AI gold rush converting record-breaking demand into massive cash flow. Uncover the next big thing with 20 elite penny stocks that balance risk and reward. Find 49 companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include AMP. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Affiliated Managers Group Inc.’s AMG second-quarter 2026 economic earnings of $8.29 per share handily outpaced the Zacks Consensus Estimate of $7.85. The bottom line jumped 58.3% from the prior-year quarter.Results benefited from record assets under management (AUM) balance and higher revenues. Also, the company had a robust liquidity position. A rise in expenses was the undermining factor.Economic net income was $221.4 million, up 39.1% year over year. Our estimate for the metric was $203 million. Quarterly total revenues soared 29.9% year over year to $640.7 million. The top line beat the Zacks Consensus Estimate of $557.91 million.    Adjusted EBITDA was $316 million, up 43.8%. We had projected the metric to be $294.1 million.Total consolidated expenses rose 17.9% to $486.7 million. We had estimated total expenses to be $466.5 million. As of June 30, 2026, total AUM was a record $942.4 billion, which surged 22.2%. Our estimate for total AUM was $910.2 billion. Average AUM totaled $920.9 billion, up 25% year over year.Net client cash inflows were $12.9 billion in the reported quarter, reflecting ongoing momentum in alternative strategies. As of June 30, 2026, Affiliated Managers had $411 million in cash and cash equivalents compared with $586 million as of Dec. 31, 2025. The company had $3 billion of debt, up from $2.69 billion as of Dec. 31, 2025.Stockholders’ equity as of June 30, 2026, was $3.04 billion, down from $3.24 billion as of Dec. 31, 2025. During the second quarter, Affiliated Managers repurchased shares worth $189 million. AMG is well-positioned for growth given the successful partnerships, focus on alternative strategies, global distribution capability and a diverse product mix. Substantial intangible assets on the company's balance sheet and elevated expense levels remain major concerns. Affiliated Managers Group, Inc. price-consensus-eps-surprise-chart | Affiliated Managers Group, Inc. Quote Affiliated Managers currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Invesco’s IVZ second-quarter 2026 adjusted earnings of 71 cents per share surpassed the Zacks Consensus Estimate of 67 cents. The bottom line increased 97.2% from the prior-year quarter.Invesco’s results primarily benefited from an increase in adjusted revenues and substantial growth in AUM balance. Record net long-term inflows also supported the quarter. However, an increase in adjusted expenses was a headwind.Ameriprise Financial’s AMP second-quarter 2026 adjusted operating earnings were $11.07 per share, which handily surpassed the Zacks Consensus Estimate of $10.72. The bottom line reflected a rise of 22% from the year-ago quarter.Results benefited from higher revenues and an improvement in AUM and assets under administration (AUA) balances to record levels. However, an increase in expenses was a headwind for Ameriprise. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Affiliated Managers Group, Inc. (AMG) : Free Stock Analysis Report Invesco Ltd. (IVZ) : Free Stock Analysis Report Ameriprise Financial, Inc. (AMP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Ares Management ARES is scheduled to announce second-quarter 2026 results on July 31, before the opening bell. Its quarterly revenues and earnings are likely to have increased on a year-over-year basis. In the last reported quarter, results were primarily affected by higher expenses. Nevertheless, the higher assets under management (AUM) provided some support to the results. ARES earnings surpassed the Zacks Consensus Estimate in one of the trailing four quarters and missed thrice, delivering an average miss of 6%. Ares Management Corporation price-eps-surprise | Ares Management Corporation Quote The Zacks Consensus Estimate for Ares Management’s quarterly earnings has been revised nearly 1% lower over the past seven days to $1.29 per share. The estimate indicates a 25.2% increase from the reported figure in the prior-year quarter. The consensus estimate for quarterly sales is pegged at $1.32 billion, suggesting a 25.6% year-over-year increase. ARES has been witnessing consistent improvement over the years, supported by its diversified alternative investment platform. Despite a persistent backlog of private equity exits, deal activity improved in the second quarter of 2026. Further, continued fundraising momentum, along with strong investor demand across private credit and other alternative strategies, is likely to have supported AUM growth in the to-be-reported quarter. Overall expansion is expected to have remained steady, driven by the company’s scalable platform, rising perpetual capital base and expanding global distribution network. Backed by decent inflows and favorable market performance, Ares Management is expected to have witnessed a rise in its AUM balance. The Zacks Consensus Estimate for total AUM of $669.9 billion indicates growth of 3.9% from the prior quarter’s actual. The consensus estimate for total fee-earning AUM of $417.1 billion suggests a sequential rise of 4.4%. The Zacks Consensus Estimate for total management fees (segment revenues) is pegged at $1.1 billion, which indicates 5.9% growth from the prior quarter’s actual. The consensus estimate for fee-related performance revenues (segment revenues) of $22.9 million suggests a 17.1% sequential rise. The Zacks Consensus Estimate for Other fees (segment revenues) is pegged at $71.8 million, which indicates a decrease from the $73.9 million reported in the prior quarter. ARES’ expenses have been increasing over the past few years, primarily driven by higher compensation and benefits, along with continued investments in fundraising and platform expansion. The expenses are also expected to have remained elevated in the second quarter due to the acquisition and integration-related costs associated with the recently acquired GCP International and BlueCove. Going forward, continued investments in scaling the global platform, integrating acquired businesses and pursuing growth initiatives may pressure near-term profitability. Our proven model does not conclusively predict an earnings beat for ARES this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is not the case here. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter. Earnings ESP: The company has an Earnings ESP of +1.48%. Zacks Rank: The company currently carries a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank stocks here. Ameriprise Financial’s AMP second-quarter 2026 adjusted operating earnings were $11.07 per share, which handily surpassed the Zacks Consensus Estimate of $10.72. The bottom line reflected a rise of 22% from the year-ago quarter. AMP’s results benefited from higher revenues and an improvement in assets under management and assets under administration balances to record levels. However, an increase in expenses was a headwind. SEI Investments Co.’s SEIC second-quarter 2026 adjusted earnings per share of $1.66 surpassed the Zacks Consensus Estimate of $1.45. The bottom line reflected a rise of 38.3% from the prior-year quarter. Results were aided by higher revenues and a rise in AUM. However, higher expenses acted as a spoilsport for SEIC. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ares Management Corporation (ARES) : Free Stock Analysis Report Ameriprise Financial, Inc. (AMP) : Free Stock Analysis Report SEI Investments Company (SEIC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Invesco’s IVZ second-quarter 2026 adjusted earnings of 71 cents per share surpassed the Zacks Consensus Estimate of 67 cents. The bottom line increased 97.2% from the prior-year quarter.Shares of IVZ gained 1.6% in pre-market trading on better-than-expected results. The results primarily benefited from an increase in adjusted revenues and substantial growth in the assets under management (AUM) balance. Record net long-term inflows also supported the quarter. However, an increase in adjusted expenses was a headwind.Net income attributable to Invesco Ltd. (GAAP basis) was $345.3 million or 76 cents per share against a net loss of $12.5 million or 3 cents per share in the year-ago quarter. Adjusted net revenues in the quarter were $1.33 billion, up 20.3% year over year. The top line marginally surpassed the Zacks Consensus Estimate. The rise in revenues was driven by higher average AUM and net revenues earned from QQQ. Favorable foreign exchange rate changes increased net revenues by $6.3 million.Adjusted operating expenses were $830.4 million, up 9.2% year over year. The increase reflected higher employee compensation and marketing expenses. General and administrative expenses also increased, primarily due to higher professional fees.The adjusted operating margin was 37.5%, up from 31.2% a year ago. As of June 30, 2026, AUM was $2.47 trillion, up 23.4% year over year. The average AUM in the second quarter totaled $2.37 trillion, up 24.8%.Net long-term inflows were a record $45.1 billion compared with $15.6 billion in the year-ago quarter. The annualized long-term organic growth rate was 8.5%.Client demand remained supportive across IVZ’s multiple investment capabilities. Net long-term inflows were led by ETFs and Index products ($30.1 billion), QQQ ($13.8 billion), the China joint venture ($6.9 billion), Private Markets ($1.9 billion) and Fundamental Fixed Income ($0.4 billion). These positives were partially offset by net outflows from Fundamental Equities of $7.7 billion and Multi-Asset/Other strategies of $0.3 billion.By geography, the Americas, Asia Pacific and EMEA produced net long-term inflows of $30.8 billion, $8.2 billion and $6.1 billion, respectively. As of June 30, 2026, cash and cash equivalents were $915.4 million compared with $806.9 million as of March 31, 2026.Debt was $1.62 billion, down from $1.97 billion at the end of the prior quarter. The credit facility balance declined to $736 million from $1.08 billion. Net debt was $708.6 million, down from $1.16 billion as of March 31, 2026. In the reported quarter, Invesco repurchased 1.9 million common shares for $50 million in the open market.The company paid $96.8 million in common dividends and $37 million in preferred dividends during the quarter. Invesco’s robust AUM balance, diverse product offerings, synergies from past acquisitions, strong balance sheet and global presence will keep supporting financials. A decent balance sheet and liquidity position will likely enable it to pursue enhanced capital distributions. However, private credit concerns, tough macroeconomic backdrop and elevated operating expenses are near-term headwinds. Invesco Ltd. price-consensus-eps-surprise-chart | Invesco Ltd. Quote Currently, IVZ carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Ameriprise Financial’s AMP second-quarter 2026 adjusted operating earnings were $11.07 per share, which handily surpassed the Zacks Consensus Estimate of $10.72. The bottom line reflected a rise of 22% from the year-ago quarter.Results benefited from higher revenues and an improvement in AUM and assets under administration (AUA) balance to record levels. However, an increase in expenses was a headwind.SEI Investments Co.’s SEIC second-quarter 2026 adjusted earnings per share of $1.66 surpassed the Zacks Consensus Estimate of $1.45. The bottom line reflected a rise of 38.3% from the prior-year quarter.Results were aided by higher revenues and a rise in AUM. However, higher expenses acted as a spoilsport. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Invesco Ltd. (IVZ) : Free Stock Analysis Report Ameriprise Financial, Inc. (AMP) : Free Stock Analysis Report SEI Investments Company (SEIC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research