Revenue Update on Ameriprise Financial(NYSE:AMP)

Ameriprise Financial(NYSE:AMP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $2.86B. Analysts estimated a revenue of $2.88B. Earnings per share were $2.23. Analysts had estimated an EPS of $2.34.

In a different note, On Jul 25, 2016, RBC Capital said it Downgrades its rating on Ameriprise Financial. The shares have been rated ‘Sector Perform’ by the firm. On Jul 7, 2016, Deutsche Bank said it Maintains its rating on Ameriprise Financial. In the research note, the firm Lowers the price-target to $122.00 per share. The shares have been rated ‘Buy’ by the firm.

Ameriprise Financial (AMP) made into the market gainers list on Fridays trading session with the shares advancing 0.30% or 0.29 points. Due to strong positive momentum, the stock ended at $95.84, which is also near the day’s high of $96.11. The stock began the session at $95.03 and the volume stood at 8,87,957 shares. The 52-week high of the shares is $127.32 and the 52 week low is $75.995. The company has a current market capitalization of $15,892 M and it has 16,58,13,450 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 30, 2016, Lon R Greenberg (director) purchased 3,900 shares at $88.18 per share price.Also, On Jun 2, 2016, Kelli A Hunter (Exec VP of Human Resources) sold 3,486 shares at $102.07 per share price.On May 18, 2016, William F Truscott (CEO, Global Asset Management) sold 10,300 shares at $95.98 per share price, according to the Form-4 filing with the securities and exchange commission.

Ameriprise Financial Inc. (Ameriprise Financial) is a holding company primarily engaged in business through its subsidiaries. Ameriprise Financial is a diversified financial services company that offers financial solutions to individual and institutional clients. The Company operates in four segments: Advice & Wealth Management Asset Management Annuities and Protection. The Advice & Wealth Management segment provides financial planning and advice as well as full-service brokerage services primarily to retail clients through advisors. The Asset Management segment provides investment advice and investment products to retail high net worth and institutional clients on a global scale through Columbia Management and Threadneedle. The Annuities segment provides variable and fixed annuity products of RiverSource Life companies to individual clients. The Protection segment offers a variety of products to address the protection and risk management needs of retail clients.

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