Ameriprise Financial quarterly profit rises on higher fee income

Ameriprise Financial reported higher Q2 profit, attributing the improvement to a market rally that increased the value of its fee-generating assets. The earnings upside appears largely driven by favorable market conditions rather than a disclosed operating margin/fee rate change.

Analysis

Ameriprise Financial reported higher Q2 profit, attributing the improvement to a market rally that increased the value of its fee-generating assets. The earnings upside appears largely driven by favorable market conditions rather than a disclosed operating margin/fee rate change.