AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) financial products and services provider, is reporting second quarter earnings results on Wednesday 29th July 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 2.46 per share.
For the full year, analysts predict revenues of $ 11753.30 million, while looking forward to income of $ 15.71 per share.
Previous Quarter Performance
AMERIPRISE FINANCIAL SERVICES, INC. came out with income for the first quarter of $ 5.41 per share, from the revenue of $ 3,001.00 million. The quarterly earnings swell 44.27 percent while revenues declined 1.23 percent compared with the same quarter last year.
Wall street analysts are predicting, AMP to report 1Q20 income of $ 3.94 per share from revenue of $ 2884.97 million. The bottom line results beat street analysts by $ 1.47 or 37.31 percent, at the same time, top line results outshined analysts by $ 116.03 million or 4.02 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of AMP was $ 154.05, representing a 92.54 % increase from the 52 week low of $ 80.01 and a 14.82 % decrease over the 52 week high of $ 180.85.
The company has a market capital of $ 18.85 billion and is part of the Financial Services sector and Asset Management industry.
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Recent Analyst recommendations
- On 25th June 2020, upgraded by Goldman Sachs Group to Buy from Neutral rating, with $ 185.00 target price.
- On 22nd June 2020, maintained by Credit Suisse Group at Outperform rating, with $ 200.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 1.04 per share on May 6, 2020. The dividend were payable on May 29, 2020 to holders of record as of the close of business on May 18, 2020 and ex-dividend date on May 15, 2020.
Ameriprise Financial, Inc., through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through five segments: Advice & Wealth Management, Asset Management, Annuities, Protection, and Corporate & Other. The Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services primarily to retail clients through its advisors.
