, the asset management firm, reported a 39% gain in third-quarter profit.
The former financial planning arm of
earned $174 million, or 71 cents a share, compared to $125 million, or 50 cents a share, a year ago. Revenue rose 6 percent to $1.98 billion from $1.87 billion
Operating earnings, which takes into account the impact of the spin-off from American Express, were 94 cents a share.
On that basis, Ameriprise beat the Thomson Financial consensus estimate of 80 cents a share. Revenue was in line with the analyst estimate of $1.97 billion.