Ameriprise Financial Inc. (AMP) has announced its fourth-quarter earnings, showing a notable increase compared to the previous year. The company reported a net income of $1.07 billion, translating to earnings of $10.58 per share. This is a significant rise from the previous year's figures of $0.38 billion, or $3.57 per share.
When excluding certain items, Ameriprise Financial's adjusted earnings reached $947 million, or $9.36 per share, for the same period. Additionally, the company's revenue experienced a substantial increase, rising 12.8% to $4.501 billion from $3.99 billion in the prior year.
A summary of Ameriprise Financial Inc.'s earnings based on Generally Accepted Accounting Principles (GAAP) is as follows:
- Earnings: $1.07 billion, compared to $0.38 billion the previous year.
- Earnings Per Share (EPS): $10.58, up from $3.57 the year before.
- Revenue: $4.501 billion, up from $3.99 billion last year.
