Financials:
Ameriprise Financial, Inc. (NYSE:AMP) generated the total revenue of $2.63 billion for the quarter ended June 30th, 2011 as compared to revenue of $2.48 billion for the same period last year. The company reported the net profit of $309 million or earnings of $1.25 per share for the respective quarter as compared to net income of $259 million or earnings of $0.97 per share last year.
The company’s total assets accumulate up to $135.13 billion out of which fixed assets have the highest proportion. The company maintains a strong short term liquidity position as per its current ratio of 1.15 times.
Regards,
Don
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