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Ameriprise Financial Reports Third Quarter 2009 Results
MINNEAPOLIS — October 21, 2009 — Ameriprise Financial, Inc. (NYSE: AMP) today reported net income of $260 million for the third quarter of 2009, compared to a net loss of $70 million for the third quarter of 2008. Earnings per share for the third quarter of 2009 were $1.00, compared to a loss of $0.32 a year ago. Core operating earnings were $268 million in the third quarter of 2009, compared to $251 million a year ago, a 7 percent increase. Core operating earnings per share declined to $1.03 in the third quarter of 2009 from $1.13 a year ago. Excluding 36 million shares the company issued to pre-fund its acquisition, core operating earnings per share were $1.19, up 5 percent from the prior year. Read more
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