Ameriprise Financial Set to Report Q2 Earnings Amid Custody Bank Sector Optimism

Earnings

โดย Yahoo Finance·Read original

Summary · why it matters

Ameriprise Financial will announce its second-quarter earnings this Thursday before the market opens. The company beat revenue expectations last quarter, reporting $4.77 billion, a 10.8% year-on-year increase. For the upcoming results, analysts expect revenue growth of 10.9% year on year, an improvement from the 3.9% growth in the same quarter last year. Peers in the custody bank segment have already reported, with BNY posting 13.3% revenue growth and State Street up 16.7%, both exceeding estimates. Ameriprise Financial shares have risen 12% over the past month, heading into earnings with an average analyst price target of $551.27 compared to the current share price of $528.12.