Ameriprise Financial Inc. (AMP) has seen revenue rise as the financial markets have rallied. The company has surprised on estimates 3 out of 4 quarters by an average of 50.73%. Ameriprise is trading with a forward P/E of 14.25.

Company Description

Ameriprise Financial manages a network of 10,000 financial advisors. The company also provides asset management and insurance. It specializes in retirement planning for the affluent.

Ameriprise Financial Surprised by 63.49% in the Third Quarter

On Oct 21, Ameriprise reported third quarter results that easily beat the Zacks Consensus Estimate. Earnings per share were $1.03 compared with the consensus of 63 cents. EPS was a loss of 32 cents in the year ago period.

Revenue rose 20% to $2 billion from $1.6 billion a year ago. The growth is mainly due to the year-over-year improvement in net investment income, primarily because of net investment losses in the prior

...

Yesterday, the Bank of New York Mellon Corporation (BK) completed two acquisitions - Insight Investment Management Limited and Pinnacle Arbitrage Compliance. It acquired Insight Investment Management Limited from Lloyds Banking Group plc (LYG) Insight Investment specializes in Liability Driven Investment (LDI) solutions, active Fixed Income and Absolute Return and is based in London. Its clients include some of the UK's largest pension schemes, corporations, insurance companies and local authorities, along with a growing number of non-UK clients and some of the best known financial services and intermediary companies. BNY Mellon also completed its previously announced acquisition of Pinnacle Arbitrage Compliance, one of the largest independent U.S. firms devoted exclusively to compliance services for tax-exempt bond issuers and conduit borrowers. Terms of the agreement were not disclosed. With these acquisitions, BNY Mellon will have more than $1 trillion in assets under ...

Morgan Stanley (MS) reported third-quarter 2009 income of $498 million this morning or 38 cents per share, compared with a loss of $159 million or $1.37 per share in the prior quarter and an income of $7.7 billion, or $7.38 per share a year ago. The results were much ahead of the Zacks Consensus Estimate of 30 cents per share. The results marked the first quarter of income in a year’s time. Results were aided by robust underwriting revenues in the investment banking operation resulting from higher levels of market activity, strong growth in fixed income sales and trading, commodities, prime brokerage and wealth management business, which offset losses in commercial real estate. Unlike the preceding qaurters, the results were in line with strong results from competitors like Goldman Sachs (GS) and JPMorgan Chase & Co. (JPM), which has been grabbing market share after ...

Dr Stock Pick HOT News & Alerts!

_________________________________________

FREE Daily Stock Alerts From DrStockPick.com

_________________________________________

Tuesday October 20, 2009

DrStockPick.com Stock Report!

BAC, PSFT, PWRM, SO, CSRH, NYX, CVAT, ATVI, AQNM

**************************************************************

BAC, Bank of America Corporation

BAC is one of the world’s largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.

BAC today announced a strategic alliance with Avjet Corporation, a leading aviation services provider based in Southern California, providing preferred financing terms for clients who finance their aircraft through BAC and take advantage of the business aircraft management services of Avjet.

**************************************************************

PSFT, Powersafe Technology Corp., PSFT.PK

POWERSAFE

...

The Bank of New York Mellon Corporation’s (BK) third quarter earnings of 54 cents per share were well ahead of the Zacks Consensus Estimate of 47 cents. This excludes hefty charges on investment securities portfolio restructuring and M&I expenses. On a GAAP basis, the third quarter loss from continuing operations came in at $2.04 per share, compared to income of 26 cents in the prior-year quarter. The results for the quarter were primarily impacted by an investment securities portfolio restructuring charge of $2.54 per share. Management said that the restructuring charges taken during the quarter will not materially impact its capital, and the restructuring is expected to benefit net interest revenue by $125-$175 million in 2010. On a non-GAAP basis, total revenue for the quarter was $3.3 billion, up 3.7% sequentially but down 14.1% year-over-year. The provision for credit losses substantially increased to $147 ...

For Immediate Release

Chicago, IL – October 19, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Cognizant (CTSH), UBS AG (UBS), Infosys Technologies Ltd (INFY), Repsol YPF S.A. (REP) and Eni S.p.A. (E).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Friday’s AnalystBlog:

Cognizant Buys UBS ISC

Cognizant (CTSH) recently announced a definitive agreement to acquire UBS India Service Centre Private Limited for about $75 million. Based in India, UBS ISC is a captive service provider to UBS AG (UBS) and currently employs 2,000 associates.

Headquartered in Zurich

...

Cognizant (CTSH) recently announced a definitive agreement to acquire UBS India Service Centre Private Limited for about $75 million. Based in India, UBS ISC is a captive service provider to UBS AG (UBS) and currently employs 2,000 associates. Headquartered in Zurich and Basel, Switzerland, UBS AG is a global firm providing services to private, corporate and institutional clients. New Jersey-based Cognizant is a leading provider of consulting, technology and business process outsourcing (BPO) services. The transaction is expected to close by the end of 2009. As part of the transaction, UBS and Cognizant have entered into a multi-year service agreement under which Cognizant will provide a range of business process outsourcing (BPO), knowledge process outsourcing (KPO), IT, and remote infrastructure management services to UBS divisions around the globe. Cognizant aims to help these divisions to reduce time-to-market, expand service delivery, and improve productivity, operational efficiency ...

RAIT Financial Trust (RAS), a real estate investment trust (REIT), has recently expanded the operations of RAIT Securities LLC that offers commercial real estate advisory services to a host of clients.   The range of services currently offered by RAIT Securities include strategic advisory services to financial institutions and other investors, asset valuation, acquisition and disposal of assets, asset restructuring and repositioning, asset management, property management and loan servicing. Furthermore, in order to streamline the operations, the company has hired skilled management professionals.   RAIT Financial Trust is primarily engaged in the lending and investment aspects of the real estate business. The company primarily invests in the following asset classes: 1) commercial mortgages and mezzanine loans; 2) trust preferred securities; 3) residential mortgage loans; 4) mortgage-backed securities; 5) real estate investments; and 6) preferred equity in entities that own real estate.   RAIT Financial Trust generates revenues from ...

Goldman Sachs Group Inc.’s (GS) third quarter 2009 (ended Sept. 25, 2009) earnings of $5.25 per share were significantly ahead of the Zacks Consensus Estimate of $4.13. Results reflected strong performance in the trading operations, which offset the decrease in investment banking division. The company also reported a drop in expenses on a sequential basis. GAAP net income in the third quarter of 2009 was $3.0 billion or $5.25 per share compared to $2.7 billion or $4.93 per share in the prior quarter (ended June 26, 2009) and $0.8 billion or $1.81 per share in the prior-year quarter (ended Aug. 29, 2009). Total revenue decreased 10% sequentially, but was more than double from the prior-year period to $12.4 billion. Operating expenses, however, decreased 13% sequentially but were up 49% year-over-year to $7.6 billion. Expenses were down sequentially as a result of lower compensation and benefits ...

Dr Stock Pick HOT News & Alerts!

_________________________________________

FREE Daily Stock Alerts From DrStockPick.com

_________________________________________

Monday October 12, 2009

DrStockPick.com Stock Report!

JNJ, PWRM, HERO, CSRH, SCHW, CVAT, BX, AQNM

**************************************************************

JNJ, Johnson & Johnson

JNJ engages in the research and development, manufacture, and sale of various products in the health care field worldwide.

JNJ reports earnings for the third quarter Tuesday morning.

**************************************************************

PWRM, Power 3 Medical Products Inc, PWRM.OB

Power3 Medical Products, Inc. is a leading bio-medical company engaged in the commercialization of neurodegenerative disease and cancer biomarkers, pathways, and mechanisms of diseases through the development of diagnostic tests and drug targets. Power3’s patent-pending technologies are being used to develop screening and diagnostic tests for the early detection and prognosis

...