ameriprise financial inc (AMP) Key Developments
Ameriprise Financial Faces Lawsuit by Former Clients
Oct 5 15
Two former clients have filed a suit against Ameriprise Financial, claiming they lost money because of the firm's dubious practices. The company is defending itself in a USD 20 million arbitration case filed by the clients. The firm denied the charges and said that the clients were sophisticated self-directed investors. The two investors had previously maintained accounts with H&R Block that was acquired by Ameriprise in 2008. The suit claimed that 'Clearly there was no adequate system in place at Ameriprise Financial which allowed their employee/registered representatives to over concentrate their client's account into high risk investments on margin resulting in devastating losses to their life savings'.
Ameriprise Financial Seeks Acquisitions
Sep 10 15
Ameriprise Financial, Inc. (NYSE:AMP) is seeking acquisitions. AMP is constantly looking in the marketplace for incremental or complementary acquisitions in the wealth management or the asset management space.
Ameriprise Financial, Inc. Presents at UBS Best of Americas 2015 Conference, Sep-10-2015 09:30 AM
Sep 1 15
Ameriprise Financial, Inc. Presents at UBS Best of Americas 2015 Conference, Sep-10-2015 09:30 AM. Venue: UBS Offices, 1 Finsbury Avenue, London, United Kingdom. Speakers: James M. Cracchiolo, Chairman, Chief Executive Officer and Chairman of Executive Committee.
Ameriprise Financial, Inc. Declares Regular Quarterly Dividend, Payable on August 14, 2015
Jul 22 15
The Board of Directors of Ameriprise Financial, Inc. has declared a quarterly cash dividend of $0.67 per common share payable on August 14, 2015 to shareholders of record at the close of business on August 3, 2015.
Ameriprise Financial, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2015
Jul 22 15
Ameriprise Financial, Inc. reported unaudited consolidated earnings results for the second quarter ended June 30, 2015. For the quarter, the company reported total net revenues were $3,128 million against 3,072 million a year ago. Income from continuing operations before income tax provision was $615 million against $619 million a year ago. Income from continuing operations was $476 million against $467 million a year ago. Net income was $476 million against $467 million a year ago. Net income attributable to Ameriprise Financial was $415 million or $2.23 per diluted share against $374 million or $1.91 per diluted share a year ago. Operating earnings were $434 million, with operating earnings per diluted share increasing 12% to $2.33 compared to $408 million or $2.08 per diluted share a year ago. Operating earnings excluding previously disclosed items were $441 million or $2.38 per diluted share compared to $406 million or $2.07 per diluted share a year ago. Operating total net revenues were $2,983 million compared to $2,915 million a year ago.