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 4Q Net Down 22% As Revenue Falls

DOW JONES NEWSWIRES Ameriprise Financial Inc.'s (AMP) fourth-quarter earnings slipped 22% as the financial-services provider reported lower revenue. The company's results have been boosted recently by its $1 billion acquisition of the Columbia Management business from Bank of America Corp. (BAC) in 2010, and by strong growth from the company's advice and wealth-management business. However, Ameriprise's third-quarter results fell as the company's annual review of insurance and annuity valuation assumptions and other impacts weighed heavily on the period. For the fourth quarter, Ameriprise reported a profit of $240 million, or $1.02 a share, down from $306 million, or $1.18 a share, a year earlier. Operating earnings, which exclude integration expenses and other items, rose to $1.33 a share from $1.31. Net revenue on the same basis fell 2.3% to $2.46 billion and was up 0.9% to $2.58 billion on a fully reported basis. Analysts polled by Thomson Reuters expected a per-share profit of $1.39 on revenue of $2.53 billion. Assets under management and administration totaled $631 billion as of Dec. 31 down from $673 billion a year earlier. The advice and wealth-management business saw revenue rise 0.7% and pretax profit decrease 19%. Shares slipped by 1 cent to $54.77 after hours. The stock is up 24% in the past three months. -By Nathalie Tadena, Dow Jones Newswires; 212-416-3287; nathalie.tadena@dowjones.com

Stock News for Amp (AMP)
DateTimeHeadline
12/09/201617:04:58Statement of Changes in Beneficial Ownership (4)
12/09/201608:08:00On BizWireTV: A New VR Experience for Football Fans & the Most...
12/05/201607:31:00Ameriprise Financial Named “Best Place to Work” for LGBT Equa...
12/01/201616:48:40Statement of Changes in Beneficial Ownership (4)
11/28/201609:10:00Apollo-Backed Athene Could Raise $1 Billion for Shareholders...
11/23/201615:20:00Apollo Global's Athene Plans to List Shares in December
11/21/201617:32:20Statement of Changes in Beneficial Ownership (4)
11/21/201616:15:00Ameriprise Financial Chairman and Chief Executive Officer to...
11/17/201616:30:48Statement of Changes in Beneficial Ownership (4)
11/15/201616:56:23Statement of Changes in Beneficial Ownership (4)
11/10/201610:19:00Ameriprise Financial Brings Together 9,500 Volunteers Nationwide...
11/08/201612:23:56Form 13f Holdings Report (13f-hr)
11/02/201617:07:02Quarterly Report (10-q)
11/02/201616:24:00A.M. Best Affirms Credit Ratings of Ameriprise Financial, Inc...
11/01/201618:08:22Statement of Changes in Beneficial Ownership (4)
11/01/201618:07:53Statement of Changes in Beneficial Ownership (4)
10/27/201609:59:00Ameriprise Financial Receives 2016 Corporate Philanthropy Award...
10/25/201617:54:00Ameriprise Earnings Miss Views
10/25/201616:17:19Current Report Filing (8-k)
10/25/201616:11:00Ameriprise Financial Declares Regular Quarterly Dividend

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 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US