ADVFN - Advanced Financial Network.
HOME» NYSE » A » AMP Stock Price » AMP Stock News

Amp Share News

 Ameriprise Financial Stock Price
AMP Stock Price
 Ameriprise Financial Stock Chart
AMP Stock Chart
 Ameriprise Financial Stock News
AMP Stock News
 Ameriprise Financial Company Information
AMP Company Information
 Ameriprise Financial Stock Trades
AMP Stock Trades

Ameriprise 1Q Profit Climbs 13% As Revenue, Assets Under Management Rise

DOW JONES NEWSWIRES Ameriprise Financial Inc.'s (AMP) first-quarter earnings rose 13%, beating analysts' estimates, as the company's assets under management and revenue increased. "We had a strong start to the year, with solid growth across our business," said Chairman and Chief Executive Jim Cracchiolo. "Adviser productivity is at record levels, and retail client assets, inflows and activity all improved." The financial-services planning provider's results have been boosted recently by its $1 billion acquisition of the Columbia Management business from Bank of America Corp. (BAC) last April, and the company's advice and wealth-management revenue and profit have surged of late. In the most recent quarter, that segment's top line rose 19%, while profit more than doubled to $100 million from $48 million. Ameriprise reported a profit of $241 million, or 94 cents a share, up from $214 million, or 81 cents, a year earlier. Excluding items such as integration expenses and a charge for a legal matter at its Securities America arm, operating earnings were $1.35 a share. Net revenue on the same basis jumped 22% to $2.62 billion and rose 17% on a fully reported basis. Analysts polled by Thomson Reuters had most recently forecast earnings of $1.32 on $2.73 billion in revenue. Assets under management and administration totaled $693 billion, up 50% on the year, following the Columbia deal. Shares closed at $62.62 and were inactive after hours. The stock has risen 28% the past year. -By Nathan Becker, Dow Jones Newswires; 212-416-2855; nathan.becker@dowjones.com

Stock News for Amp (AMP)
DateTimeHeadline
02/03/201617:07:55Statement of Changes in Beneficial Ownership (4)
02/03/201617:07:55Statement of Changes in Beneficial Ownership (4)
02/03/201617:07:32Statement of Changes in Beneficial Ownership (4)
02/03/201617:07:32Statement of Changes in Beneficial Ownership (4)
02/03/201617:07:32Statement of Changes in Beneficial Ownership (4)
02/03/201617:07:03Statement of Changes in Beneficial Ownership (4)
02/03/201617:07:03Statement of Changes in Beneficial Ownership (4)
02/03/201617:06:35Statement of Changes in Beneficial Ownership (4)
02/03/201617:06:35Statement of Changes in Beneficial Ownership (4)
02/03/201617:06:12Statement of Changes in Beneficial Ownership (4)
02/03/201617:06:12Statement of Changes in Beneficial Ownership (4)
02/03/201617:05:43Statement of Changes in Beneficial Ownership (4)
02/03/201616:26:49Statement of Changes in Beneficial Ownership (4)
01/28/201609:48:00U.S. Hot Stocks: Hot Stocks to Watch
01/27/201618:32:00Ameriprise Profit Falls on Market Volatility
01/27/201616:16:00Ameriprise Financial Declares Regular Quarterly Dividend
01/27/201616:15:00Ameriprise Financial Reports Fourth Quarter and Full Year 2015...
01/25/201613:49:29Amended Statement of Ownership (sc 13g/a)
01/21/201610:40:42Statement of Ownership (sc 13g)
01/20/201619:35:00Ameriprise Financial Unit Ordered to Pay More Than $2 Million...

Ameriprise and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad