Ameriprise: Q1 Earnings Snapshot
MINNEAPOLIS (AP) _ Ameriprise Financial Services Inc. (AMP) on Monday reported first-quarter earnings of $761 million.
On a per-share basis, the Minneapolis-based company said it had net income of $6.55. Earnings, adjusted for non-recurring gains, were $5.98 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $5.93 per share.
The financial services company posted revenue of $3.66 billion in the period. Its adjusted revenue was $3.6 billion, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $3.66 billion.
Ameriprise shares have fallen roughly 7% since the beginning of the year, while the S&P’s 500 index has declined roughly 10%. In the final minutes of trading on Monday, shares hit $280.96, an increase of 13% in the last 12 months.