Ameriprise (AMP) Q1 Earnings Beat as Revenues & AUM Rise Y/Y

Ameriprise Financial’s (AMP) first-quarter 2024 adjusted operating earnings of $8.39 per share handily surpassed the Zacks Consensus Estimate of $8.10. The bottom line reflects a rise of 16% from the year-ago quarter.Results were aided by revenue growth, along with higher assets under management (AUM) and assets under administration (AUA) balances. However, an increase in expenses acted as a headwind.After considering significant items, net income (GAAP basis) was $990 million or $9.46 per share, up from $4 ...