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Ameriprise: 2Q Earnings Snapshot

July 24, 2018

MINNEAPOLIS (AP) _ Ameriprise Financial Services Inc. (AMP) on Tuesday reported second-quarter earnings of $462 million.

The Minneapolis-based company said it had net income of $3.10 per share. Earnings, adjusted for one-time gains and costs, were $3.60 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $3.51 per share.

The financial services company posted revenue of $3.2 billion in the period.

Ameriprise shares have decreased 16 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 5.5 percent. In the final minutes of trading on Tuesday, shares hit $142.37, a rise of 3.5 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMP at https://www.zacks.com/ap/AMP

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