MINNEAPOLIS (AP) _ Ameriprise Financial Services Inc. (AMP) on Monday reported first-quarter profit of $403 million.
On a per-share basis, the Minneapolis-based company said it had net income of $2.52. Earnings, adjusted for non-recurring costs, were $2.70 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.52 per share.
The financial services company posted revenue of $2.9 billion in the period.
Ameriprise shares have climbed 19 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 6 percent. In the final minutes of trading on Monday, shares hit $131.86, a rise of 32 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMP at https://www.zacks.com/ap/AMP
Keywords: Ameriprise Financial Services, Earnings Report