Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Ameriprise Posts Lower Earnings Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, April 27, 2006

Ameriprise Posts Lower Earnings

by: Armie Margaret Lee

Ameriprise Financial Inc. posted a lower first-quarter profit, owing to costs in connection with its spin-off from American Express in the third quarter of 2005.

Ameriprise, based out of Minneapolis, recorded a net income of $145 million in the first three months of 2006, down from $175 million a year ago.

Adjusted earnings, which do not include one-time separation expenses and other discontinued operations, reached $189 million, a 15-percent jump from $161 million in the same period last year.

The firm said revenues rose 6 percent to $1.9 billion, driven mainly by growth in management, financial advice and service fees.

"We had strong performance in the quarter, as we continue to establish ourselves as an independent company," said Jim Cracchiolo, the firm's chairman and chief executive officer, in a statement.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use