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Minneapolis, Minnesota-based Ameriprise Financial, Inc. (AMP) provides various financial products and services to individual and institutional clients in the United States and internationally. With a market cap of $51.7 billion, Ameriprise operates through Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other segments. The asset manager is expected to announce its fourth-quarter earnings on Wednesday, Jan. 22.
Ahead of the event, analysts expect AMP to report an adjusted profit of $9.07 per share, up 17% from $7.75 per share reported in the year-ago quarter. The company has a mixed earnings surprise history. It surpassed Wall Street’s bottom-line estimates thrice over the past four quarters while missing on one other occasion. Its adjusted EPS for the last reported quarter surged nearly 15% year-over-year to $8.83, but missed analysts' estimates by a small margin.
