Ameriprise Operating Earnings Rise In Flat Investing Environment

July 27, 2015 by Star Tribune

Ameriprise Financial Inc. said its second-quarter operating earnings rose 6 percent to $436 million and its investment level held relatively steady after overseas earnings were dented by the effect of the strong dollar.

The Minneapolis-based financial management firm also said its net income rose 11 percent to $415 million and revenue jumped 2 percent to $3 billion.

Executives and analysts look more closely at operating earnings, an after-tax measure that excludes the consolidation of certain investments, some charges and hedging activities. Click here to read…

Originally Posted at InsuranceNewsNet on July 22, 2015 by Star Tribune.