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Ameriprise: Q1 Earnings Snapshot

April 25, 2022 GMT

MINNEAPOLIS (AP) _ Ameriprise Financial Services Inc. (AMP) on Monday reported first-quarter earnings of $761 million.

On a per-share basis, the Minneapolis-based company said it had net income of $6.55. Earnings, adjusted for non-recurring gains, were $5.98 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $5.93 per share.

The financial services company posted revenue of $3.66 billion in the period. Its adjusted revenue was $3.6 billion, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $3.66 billion.

Ameriprise shares have fallen roughly 7% since the beginning of the year, while the S&P’s 500 index has declined roughly 10%. In the final minutes of trading on Monday, shares hit $280.96, an increase of 13% 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