MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Ameriprise Financial Services Inc. (AMP) on Thursday reported second-quarter earnings of $1.06 billion.
The Minneapolis-based company said it had net income of $10.73 per share. Earnings, adjusted for non-recurring gains, came to $9.11 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $9 per share.
The financial services company posted revenue of $4.38 billion in the period. Its adjusted revenue was $4.34 billion, which met Street forecasts.
Ameriprise shares have decreased roughly 3% since the beginning of the year, while the S&P's 500 index has risen 8%. The stock has climbed 23% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMP at https://www.zacks.com/ap/AMP
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