Ameriprise CEO says generating strong earnings across the firm
CEO Jim Cracchiolo says: "Ameriprise delivered a strong first quarter and a good start to the yeat. We are generating strong earnings across the firm, and our momentum in Advice and Wealth Management continues with double-digit revenue growth, increased client activity and one of our strongest quarters of client net inflows. We're serving more clients in personal advice relationships and continue to invest to deliver an exceptional client and advisor experience. As we grow, we continue to generate significant free cash flow that we invest in the firm and return to shareholders through dividends and share repurchases. During the quarter, we increased our repurchases opportunistically, while also increasing our excess capital. And today, we announced another increase in our regular quarterly dividend - the eleventh increase over the past nine years."