Earnings Preview: Ameriprise Financial

| About: Ameriprise Financial, (AMP)

Ameriprise Financial (NYSE:AMP) is expected to report Q2 earnings after market close Wednesday, July 23, with a conference call scheduled for 5:30 p.m. ET.


Analysts are looking for EPS of 88c on revenue of $2.08B. The consensus range for EPS is 84c to 96c, while the consensus range for revenue is $2.04B to $2.11B, according to First Call. Two research firms recently predicted that Ameriprise may report weak Q2 results.

Analyst Views

Morgan Stanley earlier this month identified Ameriprise as one of two companies in the insurance sector that have the greatest chance to miss consensus estimates. Bank of America said that they were cautious about equity-sensitive insurance companies like Ameriprise.

The company announced on July 7 that it had agreed to acquire asset management firm J. & W. Seligman for $440M.