Ameriprise Financial (AMP) Misses Q1 EPS by 1c
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Ameriprise Financial (AMP) Solid Expense Controls Drive Upside - Piper Jaffray
April 28, 2016 7:16 AM EDTPiper Jaffray analyst, John Nadel, noted that Ameriprise Financial (NYSE: AMP) core EPS beat but the upside was lower quality. There was a bit more top line pressure than expected but expense controls were excellent. The capital return story remains exceptional, in our view, with another quarter of 10% annualized reduction in share count and the 9th dividend hike in the past seven years to a roughly 3% yield. No change to Overweight rating and the PT increases to $130.
AMP reported 1Q16 Op EPS of $2.17 a penny light of consensus. Ex. pre-announced one-timers... More
