Ameriprise Financial (AMP) Tops Q2 EPS by 7c

Ameriprise Financial (NYSE: AMP) reported Q2 EPS of $5.27, $0.07 better than the analyst estimate of $5.20.

Perspective from Jim Cracchiolo, Chairman and Chief Executive Officer:

“Ameriprise delivered a strong second quarter and a record first half in operating revenue, earnings and EPS, as we continue to build on our momentum. We are delivering an excellent client experience and deepening relationships, which is driving continued growth in the business.

“In the quarter, nearly 80 percent of revenue and pretax earnings were driven by our asset-light Advice and Wealth Management and Asset Management businesses.

“We also announced a number of important strategic actions, including the acquisition of BMO’s EMEA asset management business and a significant reinsurance transaction. Together, these moves complement our organic growth while also adding key capabilities and generating shareholder value.”

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

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