Ameriprise: 2Q Earnings Snapshot
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.