WASHINGTON (dpa-AFX) - Ameriprise Financial, Inc. (AMP) reported second-quarter net income attributable to the company of $223 million or $0.99 per share, down from $315 million or $1.25 per share in the comparable quarter last year.
Operating earnings for the quarter was $254 million or $1.13 per share, compared to $333 million or $1.33 per share in the same period last year.
On average, 12 analysts polled by Thomson Reuters expected the company to earn $1.32 per share for the quarter. Analysts' estimates typically exclude special items.
Total net revenues for the latest quarter declined 4 percent to $2.51 billion from $2.62 billion a year ago, mainly due to a lower net investment income from continued low interest rates and volatile equity markets.
Seven analysts had a consensus revenue estimate of $2.63 billion for the quarter.
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