Ameriprise Financial Reports 8% Increase in Net Income
October 23 2019 - 4:50PM
Dow Jones News
By Robert Barba
Ameriprise Financial Inc. (AMP) reported an 8% increase in net
income in the latest quarter as net revenue ticked up.
The wealth management firm reported net income for its third
quarter of $543 million, or $4.04 a share, compared with $503
million, or $3.43 a share, a year earlier.
Adjusted earnings were $4.12 a share, ahead of the $4.09 a share
analysts polled by FactSet expected.
Total revenue was $3.35 billion, up 1% from $3.32 billion a year
earlier.
Write to Robert Barba at robert.barba@wsj.com
(END) Dow Jones Newswires
October 23, 2019 16:35 ET (20:35 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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