Ameriprise Financial Reports First Quarter 2016 Results

MINNEAPOLIS – April 27, 2016 – Ameriprise Financial, Inc. (NYSE: AMP) today reported first quarter 2016 net income(1) of $364 million, or $2.09 per diluted share. Operating earnings were $378 million, with operating earnings per diluted share of $2.17. Operating results include previously announced unfavorable items of $0.09 per share.  In addition, the company raised its regular quarterly dividend 12 percent to $0.75 per share.

Operating net revenues of $2.8 billion were down 4 percent, reflecting the dislocation in equity markets during the quarter, which caused a lower level of average assets under management, resulting in lower fee revenue. The dislocation in equity markets also impacted revenues on a sequential basis.
Operating expenses of $2.3 billion were down 2 percent from a year ago as a result of lower distribution expenses and well controlled general and administrative expenses. General and administrative expenses decreased 2 percent, primarily associated with ongoing reengineering and disciplined expense control in response to the challenging market environment during the quarter. Overall, the company will continue to manage expenses tightly in response to the market environment while maintaining targeted growth investments.
In the quarter, the company continued to deliver a strong return to shareholders through share repurchases and dividends of $568 million, returning 150 percent of its operating earnings. 


Selecting Effortless Tactics Of Small Business Loans

Knowing Your Competition Is Financed Is Also Helpful As Certain Industries Qualify Much Better For Certain Types Of Financing.

Where.our help comes in is in the intelligent planning and building of trade credit right from the start. Case studies differ from fund raising letters, flyers and brochures. Among those who are pegged to receive assistance through funding and the addition of jobs include scientific research groups, schools, energy programs, Medicaid, and contractors. In this financial analysis format the left column contains the funding entries Debt and Equity, and the right column the operational entries Working capital and Non-current assets . Suppliers also want to be paid with C.O.D. and your customers are on Net-30 terms; so you ladder into a cash flow problem.

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The Price of Oil and Equity Markets: How Interconnected are They?

The weekend meeting of major world oil producers in Doha intended to craft a freeze in oil production has ended without an agreement. Iran’s refusal to attend, and Saudi Arabia’s insistence that all OPEC members agree to the freeze resulted in a stalemate. As a result, the price of oil is once again in retreat. The biggest immediate losers are the producing countries whose fiscal budgets have been bludgeoned by the plunge in crude prices. And all but the lowest cost shale producers in the U.S. will remain under pressure to curtail production further.