Ameriprise Financial (AMP) Reports In-Line Q1 EPS, Raises Div 11%, Additional $2.5B Buyback Authorization

Ameriprise Financial (NYSE: AMP) reported Q1 EPS of $2.52, in-line with the analyst estimate of $2.52. Revenue for the quarter came in at $2.9 billion versus the consensus estimate of $2.88 billion.

Q1 Highlights:

• First quarter 2017 net income per diluted share was $2.52
• Operating EPS was $2.70
• First quarter 2017 return on equity excluding AOCI was 21.6 percent
• Operating ROE excluding AOCI was 23.6 percent or 26.1 percent before annual unlocking(1)
• The Board approved an 11 percent increase in the regular quarterly dividend to $0.83 per share and an additional $2.5 billion share repurchase authorization

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

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