Ameriprise Financial (AMP) Tops Q3 EPS by 13c

Ameriprise Financial (NYSE: AMP) reported Q3 EPS of $2.24, ex-items, $0.13 better than the analyst estimate of $2.11.

Ameriprise delivered another strong quarter, continuing the trend we set in the first half of the year,” said Jim Cracchiolo, chairman and chief executive officer. “Our fee-based businesses drove our growth, led by Advice & Wealth Management.”

“With our financial strength and cash flow generation, we continue to return significant capital to shareholders with more than $1 billion returned so far this year. And we’re delivering a differentiated level of return; our operating return on equity is now above 22 percent.”

For earnings history and earnings-related data on Ameriprise Financial (AMP) click here.

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