Ameriprise Financial 2Q profit dropped 58% but beat Street
Financial adviser Ameriprise Financial Inc.'s second-quarter profit dropped 58 percent as it dealt with the fallout from a weak stock market, but results still managed to beat expectations.
Financial adviser Ameriprise Financial Inc. said Thursday its second-quarter profit dropped 58 percent as it dealt with the fallout from a weak stock market, but results still managed to beat expectations.
For the quarter ended June 30, the company posted profit of $95 million, or 58 cents per sh
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