Ameriprise Financial (AMP) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Ameriprise Financial (AMP) reported quarterly earnings results on Wednesday, Apr-27-2016. The company reported $2.17 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $2.18. The company posted revenue of $2788.00 million in the period, compared to analysts expectations of $2853.16 million. The company’s revenue was down -3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.18 EPS.

Many Wall Street Analysts have commented on Ameriprise Financial. Shares were Reiterated by UBS on Jan 29, 2016 to “Buy” and Lowered the Price Target to $ 120 from a previous price target of $136 .

Ameriprise Financial opened for trading at $99.21 and hit $100.39 on the upside on Friday, eventually ending the session at $99.92, with a gain of 1.10% or 1.09 points. The heightened volatility saw the trading volume jump to 9,57,760 shares. Company has a market cap of $16,884 M.

In a different news, on Feb 3, 2016, H Jay Sarles (director) purchased 2,000 shares at $89.52 per share price. According to the SEC, on Aug 13, 2015, Blixt Dianne Neal (director) purchased 800 shares at $122.96 per share price. On Jun 25, 2015, Joseph Edward Sweeney (Pres-AWM Products & Services) sold 9,042 shares at $129.40 per share price, according to the Form-4 filing with the securities and exchange commission.

Ameriprise Financial Inc. (Ameriprise Financial) is a holding company primarily engaged in business through its subsidiaries. Ameriprise Financial is a diversified financial services company that offers financial solutions to individual and institutional clients. The Company operates in four segments: Advice & Wealth Management Asset Management Annuities and Protection. The Advice & Wealth Management segment provides financial planning and advice as well as full-service brokerage services primarily to retail clients through advisors. The Asset Management segment provides investment advice and investment products to retail high net worth and institutional clients on a global scale through Columbia Management and Threadneedle. The Annuities segment provides variable and fixed annuity products of RiverSource Life companies to individual clients. The Protection segment offers a variety of products to address the protection and risk management needs of retail clients.

Ameriprise Financial

Leave a Reply

Ameriprise Financial - Is it time to Sell?

Top Brokerage Firms are advising their investors on Ameriprise Financial. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.