Ameriprise Financial (AMP) Declares $0.67 Quarterly Dividend; 2.9% Yield

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Piper Jaffray Cuts Price Target After Ameriprise Financial (AMP) Reports Headline Beat but Core Miss

January 28, 2016 9:58 AM EST

Piper Jaffray reiterated an Overweight rating on Ameriprise Financial (NYSE: AMP), and cut the price target to $126.00 (from $127.00), following the company's 4Q earnings report. AMP reported Op. EPS of $2.47, coming out ahead of consensus estimates of $2.35. Net one-time items contributed +$0.14, leaving Core EPS at $2.33,... More