AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) financial products and services provider, is reporting third quarter earnings results on Wednesday 28th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 2.43 per share.
For the full year, analysts predict revenues of $ 11785.10 million, while looking forward to income of $ 14.83 per share.
Previous Quarter Performance
AMERIPRISE FINANCIAL SERVICES, INC. disclosed income for the second quarter of $ 2.64 per share, from the revenue of $ 2,712.00 million. The quarterly earnings 34.98 percent while revenues reduced 16.48 percent compared with the same quarter last year.
The consensus estimates are income of $ 2.46 per share from $ 2788.63 million in revenue. The bottom line results beat street analysts by $ 0.18 or 7.32 percent, at the same time, top line results fell short of analysts by $ 76.63 million or 2.75 percent.
Stock Performance
Shares of AMERIPRISE FINANCIAL SERVICES, INC. traded low $ -3.22 or -1.94 percent on Tuesday, reaching $ 162.39 with volume of 512.30 thousand shares. AMERIPRISE FINANCIAL SERVICES, INC. has traded high as $ 165.74 and has cracked $ 162.02 on the downward trend
According to the previous trading day, closing price of $ 162.39, representing a 106.99 % increase from the 52 week low of $ 80.01 and a 8.43 % decrease over the 52 week high of $ 180.85.
The company has a market capital of $ 19.53 billion and is part of the Financial Services sector and Asset Management industry.
Recent Analyst recommendations
- On 7th October 2020, maintained by Piper Sandler at Overweight rating, with $ 182.00 target price.
- On 6th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 168.00 target price.
- On 28th September 2020, maintained by Credit Suisse Group at Outperform rating, with $ 194.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 1.04 per share on July 29, 2020. The dividend were payable on August 21, 2020 to holders of record as of the close of business on August 10, 2020 and ex-dividend date on August 7, 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.
