Ameriprise Financial (AMP) Solid Expense Controls Drive Upside - Piper Jaffray

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Go back to Ameriprise Financial (AMP) Solid Expense Controls Drive Upside - Piper Jaffray

Ameriprise Financial Reports First Quarter 2016 Results

April 27, 2016 4:06 PM EDT

First quarter 2016 net income(1) per diluted share was $2.09
Operating EPS was $2.17

First quarter 2016 return on equity excluding AOCI was 21.5 percent
Operating ROE excluding AOCI increased 110 bps to 24.2 percent

The company raised its regular quarterly dividend 12 percent to $0.75 per share

MINNEAPOLIS--(BUSINESS WIRE)-- Ameriprise Financial, Inc. (NYSE: AMP) today reported first quarter 2016 net income(1) of $364 million, or $2.09 per diluted share. Operating earnings were $378 million, with operating earnings per diluted share of $2.17. Operating results include previously announced unfavorable items of $0.09... More