All Posts Tagged With: "AMP"
(AMP) Ameriprise Financial Beats The Street – Hikes Dividend
Ameriprise Financial Inc. (AMP) reported first-quarter 2012 operating earnings of $1.45 per share surpassing the Zacks Consensus Estimate of $1.38. This also compared favorably with the year-ago quarter’s...
(AMP) Ameriprise Financial Authorizes Share Buyback
Ameriprise Financial Inc. (AMP) announced that its board of directors has authorized a new share repurchase program, under which the company will be able to buyback its common shares worth $2 billion through...
(AMP) Ameriprise Financial Earnings Beat on Higher Revenue
Ameriprise Financial Inc.’s (AMP) first quarter 2011 operating earnings of $1.35 per share beat the Zacks Consensus Estimate of $1.33. This also fared well against the prior-year quarter’s earnings of...
(ABX) Company News for April 26, 2011 – Corporate Summary
• Netflix, Inc. (NASDAQ:NFLX) reported first quarter 2011 diluted earnings of $1.11 per share, surpassing the Zacks Consensus Estimate of $1.07 per share and 88.1% higher than the prior year quarter. Total revenue...
(C) Citigroup to Pay $54 Million in Municipal Hedge Fund Case
Citigroup Inc. (C) has been fined $54.1 million in a municipal hedge fund case. The company has been ordered by an arbitration panel of the Financial Industry Regulatory Authority to pay two individual investors...
(BX) Money Management Stocks Gaining Momentum – Investment Ideas
The big stock market rally of the last two years has been driven by massive capital inflows into equities. But a good portion of that volume has come on the back of large institutional players like hedge fund and pension managers that control big blocks of cash.
But...
(AMP) Stock Market News for March 10, 2011 – Market News
The second anniversary of the market’s Bull Run ended on a weak note as markets pared gains of the earlier trading day and closed marginally lower. The S&P 500 has gained 95.4% since it slid to 676.53 on March 9, 2009. However, continuing unrest in the Persian Gulf and...
(AEO) Company News for February 04, 2011 – Corporate Summary
• MasterCard (NYSE:MA) reported Q4 EPS of $3.16, lower than the Zacks Consensus Estimate of $3.98 per share. Revenues for the quarter rose 10.7% year-over-year to $1.44 billion, beating the Zacks Consensus Estimate of $1.436...
(AMP) Company News for November 29, 2010 – Corporate Summary
• General Motors (NYSE:GM) announced that its underwriters exercised their greenshoe option to purchase an additional 71.7 million shares, helping the formerly bankrupt auto company notch up a record $23 billion
• Quantas resumed flights of its Airbus A380 aircraft,...
(BAC) Bank of America Announces Plan to Reduce BlackRock Holding Stake
On Sunday, the Wall Street Journal reported that Bank of America Corporation (BAC) is planning to sell its 34.1% (64.7 million common and preferred shares) stake in BlackRock Inc....
(AIG) Insurance Industry Stock Update – August 2010 – Industry Outlook
After enduring stress with respect to pricing pressure and reduced insured exposure through mid-2009, the overall health of the U.S. insurance industry has improved to a great extent in 2010. Though the market turmoil forced many companies to take immense write-downs, the...
(AMP) Ameriprise Financial Buys Back $1.5 Billion in Stock
In an attempt to return value to its shareholders, on Tuesday, the board of Ameriprise Financial Inc. (AMP) announced the authorization for a stock buyback program of its common shares worth approximately...
(LNC) Lincoln National Corporation Plans to Repay TARP
Lincoln National Corp. (LNC) is gearing up to repay the bailout money. Dennis Glass, the company’s President and CEO, said at an investor presentation yesterday that this acceleration follows a successful...
(AIG) Insurance Industry Stock Update – May 2010 – Industry Outlook
The turmoil in the financial markets created a highly challenging environment for the U.S. insurance industry, forcing many companies to take immense write-downs. In 2010, the overall situation has improved to a great extent and the worst of the crisis appears to be now behind...
(AMP) Ameriprise Financial Analyst Downgrades to Neutral
Given the current critical sustainability factor, we are downgrading our recommendation on the shares of Ameriprise Financial Inc. (AMP) to Neutral from Outperform. Although the company’s third quarter earnings...
(AMP) Ameriprise Financial Incorporated – Earnings Estimates Climbing
Ameriprise Financial, Inc. (AMP) recently rebounded from a key trend line to jump back within striking distance of the 52-week high at $42.98. Shares of AMP have been trending higher for most of the last month...
($AMP) Ameriprise Financial Analyst Raises Stock to Outperform
Given the current market recovery factor and valued growth indicators, we are upgrading our recommendation for the shares of Ameriprise Financial Inc. (AMP) to Outperform from Neutral. Although the current...
(AMP) Ameriprise Financial – Bull of the Day
We are upgrading our recommendation on Ameriprise Financial (AMP) to Outperform from Neutral. The company’s fourth quarter earnings came in substantially ahead of the Zacks Consensus Estimate, aided...
(AIG) Insurance Industry Stock Update – February 2010 – Industry Outlook
The turmoil in the financial markets has created a highly challenging environment for the U.S. insurance industry, forcing many companies to take immense write-downs. This trend is expected to continue at least through the first half of 2010, though there are some early signs...
(AMP) Ameriprise Financial Beats Estimates
Ameriprise Financial Inc.’s (AMP) fourth quarter core operating earnings per share of 91 cents were substantially ahead of the Zacks Consensus Estimate of 75 cents and 80 cents in the prior-year quarter....
(LMT) Lockheed Martin Corporation Does Air Force RERP Modernization
Lockheed Martin Corp. (LMT) recently inducted its second C-5 Galaxy strategic transport into the Reliability Enhancement and Re-engining Program (RERP) production line at its Marietta, Georgia, facility.
Currently,...
(WFC) Wells Fargo Reorders Fund Offering
In an effort to re-align its product portfolio, on Wednesday, Wells Fargo & Co.’s (WFC) investment manager division, Wells Fargo Funds Management, LLC and its affiliate Evergreen Investment Management...
($AIG) Insurance Industry – Industry Outlook
The turmoil in the financial markets has created a highly challenging environment for the U.S. insurance industry, forcing many companies to take immense write-downs. This trend is expected to continue at least through the first half of 2010, though there are some early signs...
(AMP) Ameriprise Financial Inc. – Earnings Surprised by 63.49% in the Third Quarter
Ameriprise Financial Inc. (AMP) has seen revenue rise as the financial markets have rallied. The company has surprised on estimates 3 out of 4 quarters by an average of 50.73%. Ameriprise is trading with a...
(LNC) Lincoln National Corporation Beats Consensus Earnings Estimates
Lincoln National Corp. (LNC) reported operating earnings of 84 cents in the third quarter, which was ahead of the Zacks Consensus Estimate of 80 cents. The company had earned $1.16 per share on an operating...
(AMP) Ameriprise Financial Surpasses Consensus Estimates Handsomely
Ameriprise Financial, Inc.’s (AMP) third quarter core operating earnings of $1.03 per share were substantially ahead of the Zacks Consensus Estimate of 63 cents. However, the earnings were down 8.8% from $1.13 per share in the prior-year quarter. Core operating...
(LNC) Lincoln Sells Asset Management Unit
Lincoln National Corporation (LNC) has agreed to sell its asset management unit, Delaware Investments, to Macquarie Group for approximately $428 million in cash. Macquarie Group is a Sydney, Australia-based leading investment bank.
The deal is expected...
(PFG) Principal’s Winning Website – features for its Retirement Plan participants
Principal Financial Group’s (PFG) defined contribution plan sponsor website has been ranked first for three consecutive quarters by DALBAR. Additionally, Principal’s defined contribution plan participant site was ranked in DALBAR’s top 10. DALBAR is...
(HIG) Hartford – Analysts concerned with exposure to variable annuities and capital levels
Hartford Financial Services Group (HIG) agreed to refund $48.2 million to workers’ compensation policyholders in Florida as it earned excess profits on such policies it issued between 2004 and 2006.
On Wednesday, the Florida Office of Insurance...