Ameriprise Celebrates Fed Interest Rate Increases
May 3, 2022 by Allison Bell
Executives at Ameriprise Financial are trying to tell investors how bright the future looks for life and annuity issuers right now while being compassionate about the problems facing the world as a whole.
Jim Cracchiolo, the Minneapolis-based company’s CEO, worked to find a balance between concern and optimism Tuesday, when he briefed securities analysts on the company’s first-quarter earnings.
Cracchiolo began the earnings call by acknowledging that global stock markets are more volatile than they’ve been in most recent quarters, and that the geopolitical situation is difficult.
“Before I discuss the quarter, I’d like to acknowledge the horrific situation in Ukraine,” Cracchiolo said. “Ameriprise vehemently condemns the atrocities being committed by Russia, and our thoughts are with the Ukrainian people and all who have been affected.”