Reported 1 day ago
Ameriprise Financial announced a 28% increase in its second-quarter profit, reaching $1.06 billion, due to a late market rally that boosted the value of its fee-generating assets to a record high. Despite initial volatility caused by shifting tariffs, the company's assets under management rose to $1.58 trillion, up 9% year-over-year. Management and financial advice fees increased by 6%, totaling $2.6 billion, although net investment income saw a decrease of 3%.
Source: YAHOO