Investing.com - Ameriprise Financial reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ameriprise Financial announced earnings per share of $5.81 on revenue of $3.51B. Analysts polled by Investing.com anticipated EPS of $5.61 on revenue of $3.41B.
Ameriprise Financial shares are down 19% from the beginning of the year and are trading at $246.00 , down-from-52-week-high.They are under-performing the S&P 500 which is down 17.73% from the start of the year.
Ameriprise Financial shares gained 1.83% in after-hours trade the report.
Ameriprise Financial follows other major Financial sector earnings this month
Ameriprise Financial's report follows an earnings beat by Berkshire Hathaway A on July 19, who reported EPS of $4774.01 on revenue of $70.81B, compared to forecasts EPS of $4277.66 on revenue of $70.32B.
JPMorgan had missed expectations on July 14 with second quarter EPS of $2.76 on revenue of $30.72B, compared to forecast for EPS of $2.89 on revenue of $31.86B.
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