Reuters logo
Ameriprise quarterly profit up 31 pct, driven by wealth business
January 30, 2013 / 9:31 PM / in 5 years

Ameriprise quarterly profit up 31 pct, driven by wealth business

Jan 30 (Reuters) - Ameriprise Financial Inc said on Wednesday its fourth-quarter operating earnings rose 31 percent, driven by strong results from the company’s advice and wealth management business.

The Minneapolis, Minnesota-based company reported operating earnings of $367 million, or $1.71 a share, for the three months ended Dec 31. Analysts on average expected the company to earn $1.47 a share, excluding items, according to Thomson Reuters I/B/E/S.

The company’s total assets under management and administration, which includes both the wealth and asset management businesses, rose 8 percent in the fourth quarter to $681 billion.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below