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Ameriprise Financial Inc. Q2 Profit Increases, beats estimates

Ameriprise Financial Inc. (AMP) announced earnings for its second quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $756 million, or $6.61 per share. This compares with $591 million, or $4.88 per share, in last year's second quarter.

Excluding items, Ameriprise Financial Inc. reported adjusted earnings of $665M or $5.81 per share for the period.

Analysts on average had expected the company to earn $5.56 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.6% to $3.51 billion from $3.42 billion last year.

Ameriprise Financial Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $756 Mln. vs. $591 Mln. last year.
-EPS (Q2): $6.61 vs. $4.88 last year.
-Analyst Estimate: $5.56
-Revenue (Q2): $3.51 Bln vs. $3.42 Bln last year.

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