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Fly News Breaks for November 9, 2015
PFG, AMP
Nov 9, 2015 | 07:02 EDT
Citi analyst Erik Bass introduced a long Ameriprise (AMP), underweight Principal Financial (PFG) pair trade. Ameriprise will benefit from higher short-term interest rates while Principal is likely to guide to lower retirement margins and flat asset management margins on December 3, Bass tells investors in a research note.
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