After a slow start, Ameriprise ends Q1 with solid numbers
April 30, 2019 by Patrick Kennedy
The stock markets began the year slowly and with increased volatility, but improved steadily, helping Minneapolis-based Ameriprise Financial report a strong first quarter.
“Ameriprise delivered a solid quarter led by double-digit earnings growth in our Advice & wealth management business,” said Jim Cracchiolo, chairman and chief executive in a news release. “Overall, I’m pleased with our results given at the beginning of the year markets drove lower fee levels and muted client activity. As volatility settled, client activity returned to historical levels in line with what we expected.”
Originally Posted at Star Tribune on April 24, 2019 by Patrick Kennedy.
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