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RJ & Makay

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Tags >> net income

Ameriprise had strong fourth quarter and record full-year earnings

Posted by RJ and Makay on Feb 04, 2011
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Ameriprise Had Strong Fourth Quarter and Record Full-Year Earnings2010 was a very good year for Ameriprise Financial. The company generated net income of $1.1 billion and operating earnings of $1.2 billion — a company record.

The fourth quarter shaped up nicely, as well. Net income spiked almost 29% to $305 million from $237 million in the fourth quarter of 2009. Net income per diluted share was up more than 31% to $1.18 compared with $0.90 a year ago.