Ameriprise Financial Announces Estimated Taxes for Second Quarter 2020
Ameriprise Financial, Inc. (NYSE: AMP) today announced that the company estimates its second quarter 2020 adjusted operating earnings will include a reversal of the $144 million tax benefit that was recorded in the first quarter. This is a result of strong equity market appreciation in the second quarter, which was a reversal of the equity market dislocation experienced in March. As the company indicated in the first quarter, the tax benefit will be adjusted quarterly for the balance of the year based upon changes in markets and our forecast. Based on the company's latest forecast of year end equity markets and interest rates, we no longer expect a net operating loss (NOL) in 2020. However, if market conditions or our forecast change in the second half of the year to project a NOL, a tax benefit would recur. The forecasted NOL will be finalized on December 31, 2020.
Ameriprise Bank, FSB Provides Home Mortgage and Refinancing Solutions to Clients
Ameriprise Financial (NYSE: AMP) today announced it is rolling out home lending solutions to further serve clients' comprehensive and long-term financial needs. Through a new partnership with Embrace Home Loans, Ameriprise clients will have access to mortgage products and services to complement the personalized advice they receive from their Ameriprise financial advisors. Additionally, the new relationship provides Ameriprise clients with competitive interest rates, no application fees, a streamlined application process and a dedicated loan consultant from pre-qualification to closing.
Ameriprise Financial Institutions Group Welcomes ESSA Bank & Trust
Ameriprise Financial (NYSE: AMP) today announced that ESSA Bank & Trust has transitioned its investment management program, ESSA Investment Services, to Ameriprise Financial Institutions Group (AFIG). ESSA joins AFIG from Cetera. The Stroudsburg, PA-based bank employs three financial advisors who manage $218 million in brokerage assets. Through the new relationship, AFIG will support the financial advisors in providing ESSA clients with personalized advice and investment solutions. AFIG partners with community banks and credit unions to help their clients reach their financial goals.
Ameriprise Study Reveals Vast Majority of Investors Who Have Experienced a Major Financial Setback Have Overcome It
--Almost all investors surveyed have faced major obstacles but time (typically one to five years) and careful planning has led to a rebuilt security
Ameriprise Finan Shares Up 36.4% Since SmarTrend's Buy Recommendation (AMP)
SmarTrend identified an Uptrend for Ameriprise Finan (NYSE:AMP) on April 29th, 2020 at $117.74. In approximately 1 month, Ameriprise Finan has returned 36.38% as of today's recent price of $160.57.
Ameriprise Financial Announces New Grants and Connects Employees and Advisors to Volunteer Opportunities in a Time of Crisis
Ameriprise Financial (NYSE: AMP), along with its subsidiary, Columbia Threadneedle Investments, is adapting its longstanding volunteer program so its employees and advisors can give back to communities that face immediate need while adhering to local health and safety guidelines. As the firm approaches its annual National Day of Service, which in past years brought together thousands of volunteers to work side-by-side at food banks, Ameriprise is decentralizing the event and encouraging employees and advisors to show kindness to their friends, neighbors and community members by participating in activities like cleaning up streets, delivering groceries and thanking healthcare workers. Time spent on acts of kindness is eligible for the eight hours of paid time off employees receive each year for volunteerism.
Ameriprise Finan Rises 1.99% on Heavy Volume: Watch For Potential Pullback
Ameriprise Finan (NYSE:AMP) traded in a range yesterday that spanned from a low of $149.02 to a high of $154.32. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $152.89 on volume of 130,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
ESSA Bank & Trust Forms Relationship with Ameriprise Financial to Expand Financial Planning and Investment Services
STROUDSBURG, PA / ACCESSWIRE / June 2, 2020 / ESSA Bank & Trust announced today that it has transitioned its wealth management program to Ameriprise Financial. Through the new relationship, ESSA Bank & Trust clients will have access to comprehensive financial planning and investment solutions from Ameriprise.
Jason J. Ayala Reaches a Career Milestone at Ameriprise Financial
, /PRNewswire/ -- Jason J. Ayala, CFP®, CIMA®, Private Wealth Advisor with InReach Wealth Advisors, a private wealth advisory practice of Ameriprise Financial Services, Inc. in , has reached a career milestone through the company's Circle of Success program by achieving years of consistently high performance.
Ameriprise Financial's New Virtual Recruiting Experience Getting Traction with Seasoned Advisors
For experienced advisors considering a change, Ameriprise Financial, Inc. (NYSE: AMP) is standing out as a company that can help them elevate the experience they deliver for clients, drive efficiency in their practices and smoothly navigate the challenging environment. These advisors are taking advantage of the firm's new, all-virtual recruiting program to learn more about Ameriprise and how its unique blend of support and independence can help bring their practices to the next level.