Investing.com - Ameriprise Financial (NYSE:AMP) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ameriprise Financial announced earnings per share of $6.15 on revenue of $3.76B. Analysts polled by Investing.com anticipated EPS of $5.69 on revenue of $3.57B.
Ameriprise Financial shares are down 17% from the beginning of the year, still down 10.10% from its 52 week high of $332.37 set on January 13. They are under-performing the Nasdaq which is down 13.44% from the start of the year.
Ameriprise Financial follows other major Financial sector earnings this month
Ameriprise Financial's report follows an earnings beat by JPMorgan on January 14, who reported EPS of $3.33 on revenue of $29.26B, compared to forecasts EPS of $3.01 on revenue of $29.78B.
Bank of America had beat expectations on January 19 with fourth quarter EPS of $0.82 on revenue of $22.06B, compared to forecast for EPS of $0.7652 on revenue of $22.18B.
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