Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Ameriprise Financial, Inc.    AMP

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Ameriprise Financial, Inc. : Columbia Management Perspectives: First Quarter Earnings - Meeting Conservative Expectations

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/03/2012 | 07:05pm CEST

05/03/2012

Tom West
Head of Research
Columbia Management


While earnings reports are coming in ahead of consensus estimates this season, the "beats" seem to be driven more by pre-existing conservatism in estimates than by greater-than-expected strength in the economy. With a little more than half of the S&P 500 companies reporting, the majority of companies have reported earnings above consensus estimates. This has caused Wall Street analysts' full year 2012 earnings estimates to move up about 4% over the last several weeks. But this offsets a downward drift in earnings estimates of about 3% during the three months preceding the current reporting period. And while this inflection is welcome, it does not appear to indicate acceleration in the economy. Rather, it seems management teams and analysts used ample caution to allow for a slow U.S. economy, a potential slowdown in Europe and tougher comparisons from exchange rates weighing on the overseas earnings of U.S. based companies with significant non-us sales. That said, economic activity in the U.S. has held up. And many companies have been reporting that European sales held up well in the first quarter, more so in northern Europe than in the Mediterranean. 

With no economic rising tide to float all boats, industry and sector level trends, market share gains and losses, and individual firm operating performance becomes more visible and more important. This has definitely been the case this reporting period. In the technology sector, trends such as the shift to "the cloud", virtualization, networking and data storage are driving growth. Traditional enterprise spending is hanging in well but not growing outside the aforementioned or similar "fast currents." The consumer side of technology is weak…unless you are Apple (or sell lots of components to Apple), then it's very good. That is of course a simplification, but not too far from the mark. In financials, banks have reported continued improvement in credit, as well as some loan growth. Big capital markets players continue to see a choppy, low visibility environment in areas like trading and M&A advisory businesses. In branded consumer staples, volumes have generally been a disappointment. And while pricing is holding in, management teams are alluding to price pressure and indicating that selected price rollbacks might be necessary. Utilization in healthcare remains slow, but this is overshadowed by the higher-than-usual patent expirations of branded drugs and the share gains by generic drugs.

YouTube: youtube.com/columbiamanagement



The views expressed are as of the date given, may change as market or other conditions change, and may differ from views expressed by other Columbia Management Investment Advisers, LLC (CMIA) associates or affiliates. Actual investments or investment decisions made by CMIA and its affiliates, whether for its own account or on behalf of clients, will not necessarily reflect the views expressed. This information is not intended to provide investment advice and does not account for individual investor circumstances. Investment decisions should always be made based on an investor's specific financial needs, objectives, goals, time horizon, and risk tolerance. Asset classes described may not be suitable for all investors. Past performance does not guarantee future results and no forecast should be considered a guarantee either. Since economic and market conditions change frequently, there can be no assurance that the trends described here will continue or that the forecasts are accurate.

Past performance is no guarantee of future results.

© 2012 Columbia Management Investment Advisers, LLC. All rights reserved.



Columbia Management Perspectives: First Quarter Earnings - Meeting Conservative Expectations

Tom West is head of equity research at Columbia Management Investment Advisers, LLC (CMIA). He joined the firm in 2003 and has been a member of the investment community since 2000.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AMERIPRISE FINANCIAL, INC.
04:20p AMERIPRISE FINANCIAL : With Healthcare Shelved, Tax Reform Takes Center Stage fo..
02:37p Bank of Hawaii Corporation Stake Cut by Riverhead Capital Management Llc
03/27 AMERIPRISE FINANCIAL : Five Columbia Funds Earn Lipper Fund Awards
03/27 AMERIPRISE FINANCIAL INC. : Purchases 994,049 Shares of Quotient Ltd.
03/23 AMERIPRISE STUDY : Family Financial Discussions Go Smoother Than Anticipated, Bu..
03/21 INSIDER TRADING ACTIVITY AMERIPRISE : AMP) – CEO Sold 8,000 shares of Sto..
03/20 AMERIPRISE FINANCIAL : Announces Schedule for First Quarter 2017 Investor Confer..
03/20 AMERIPRISE FINANCIAL : When Will the Fed Pull the Trigger on Next Rate Hike?
03/15 AMERIPRISE STUDY : Family Financial Discussions Go Smoother Than Anticipated, Bu..
03/07 ENTELLUS MEDICAL : The William Blair Investment Management Llc Purchases New Sta..
More news
Sector news : Investment Management & Fund Operators - NEC
10:11a Factbox - Impact on banks from Britain's vote to leave the EU
03/27DJSTATE STREET : Correction to State Street Risk Tool Story on March 26
03/27 UBS : names leaders in U.S., European wealth management product units
03/27 Dominion Diamond puts itself up for sale after $1.1 billion approach
03/26DJSTATE STREET : Offers New Tool to Gauge Environmental, Other Social Risks
More sector news : Investment Management & Fund Operators - NEC
News from SeekingAlpha
03/23 5 Undervalued Large-Cap Stocks For Value Investors - March 2017
03/18 DIVIDEND CONTENDERS : 18 Increases Expected By The End Of May
03/13 Top 10 Net Payout Yields For March 2017
03/08 VALUATION DASHBOARD : Financials And Real Estate - Update
03/02 Market has not fully rewarded some Trump-trade winners, Jefferies says
Advertisement
Financials ($)
Sales 2017 11 943 M
EBIT 2017 1 928 M
Net income 2017 1 459 M
Debt 2017 -
Yield 2017 2,49%
P/E ratio 2017 12,98
P/E ratio 2018 10,49
Capi. / Sales 2017 1,61x
Capi. / Sales 2018 1,57x
Capitalization 19 276 M
More Financials
Chart AMERIPRISE FINANCIAL, INC.
Duration : Period :
Ameriprise Financial, Inc. Technical Analysis Chart | AMP | US03076C1062 | 4-Traders
Full-screen chart
Technical analysis trends AMERIPRISE FINANC...
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 140 $
Spread / Average Target 12%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
James Michael Cracchiolo Chairman & Chief Executive Officer
Charles Neal Maglaque Chief Operating Officer
Walter Stanley Berman Chief Financial Officer & Executive Vice President
Randy Kupper Chief Information Officer & Executive VP
Siri S. Marshall Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
AMERIPRISE FINANCIAL, ..12.93%19 276
BLACKROCK, INC.-1.46%60 844
UBS GROUP AG0.00%60 328
GOLDMAN SACHS BDC INC5.82%60 172
BANK OF NEW YORK MELLO..-2.39%47 898
STATE STREET CORP0.50%29 833
More Results