Ameriprise rises after higher Q4 profit

Ameriprise Financial

30/01/2025 14:27

** Shares of Ameriprise Financial  AMP.N  up 4.3% at $600 in
premarket trade 
    ** AMP reported a 24% rise in fourth-quarter profit on
Wednesday after markets closed, driven by higher fee income on
the back of the value of its clients' assets increasing 
    ** Ameriprise's assets under management and administration
came in at $1.52 trillion in the quarter, a 10% jump from last
year
    ** AMP's management and financial advice fees jumped 19% to
$2.72 billion, while net investment income rose 0.5% to $892
million
    ** Adjusted operating earnings rose to $947 million, or
$9.36 per share, in the quarter ended Dec. 31, from $761
million, or $7.20 per share, a year earlier
    ** Shares of AMP gained 40.2% in 2024

 (Reporting by Pritam Biswas in Bengaluru)
 ((Pritam.Biswas@thomsonreuters.com))