Ameriprise Financial Inc. Profit Retreats In Q4

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Ameriprise Financial Inc. (AMP) reported a decrease in its fourth-quarter earnings compared to the prior year. The company’s earnings totaled $1.008 billion, or $10.47 per share, down from $1.071 billion, or $10.58 per share, last year. Despite the profit retreat, Ameriprise Financial’s revenue for the quarter increased by 10.2% to $4.960 billion.

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