MINNEAPOLIS (AP) — Ameriprise Financial Inc. said Wednesday that second-quarter net income jumped 44 percent as it attracted new investing customers and a rising stock market lifted the value of their accounts.
The company earned $322 million, or $1.54 per share, for the quarter that ended June 30. A year earlier it made $224 million, or 99 cents per share. If not for one-time items it would have earned $1.69 per share.
Revenue rose 9 percent to $2.75 billion.
Analysts surveyed by FactSet expected a profit of $1.62 per share on revenue of $2.74 billion.