Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

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
05/03/2012 | 07:05pm CET


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
01:01p AMERIPRISE FINANCIAL : Launches Next Phase of "Be Brilliant" Ads to Inspire Inve..
01/16 TRIPLEPOINT VENTURE GROWTH BDC : The Essex Investment Management Co. Llc Cuts St..
01/14 Saratoga Investment Corp Releases Quarterly Earnings Results, Misses Estimate..
01/11 AMERIPRISE FINANCIAL : State National Companies, Inc. Position Boosted by Amerip..
01/10 AMERIPRISE FINANCIAL : Headwinds Remain as the Economy Gains Momentum
01/10 AMERIPRISE FINANCIAL : Canada Pension Plan Investment Board Has $1,315,000 Posit..
01/05 DYNEGY : Canada Pension Plan Investment Board Has $2,448,000 Stake in Dynegy Inc..
01/04 AMERIPRISE FINANCIAL : The Reality of a New Administration Becomes Top of Mind f..
01/04 LIFEPOINT HEALTH : Pembroke Management LTD Buys 37,700 Shares of LifePoint Healt..
01/04 AMERIPRISE FINANCIAL : Announces Schedule for Fourth Quarter and Full Year 2016 ..
More news
Sector news : Investment Management & Fund Operators - NEC
09:23a CARLYLE LP : to become largest shareholder in South Africa's Global Credit Ratin..
01/16 Canada's Portag3 Ventures invests in Street Contxt
01/16 BLACKROCK : tells large UK companies to link pay to performance
01/14DJBLACKROCK : Money Flows to BlackRock Funds -- WSJ
01/13DJBLACKROCK : Pulled In Record New Cash in 2016--Update
More sector news : Investment Management & Fund Operators - NEC
News from SeekingAlpha
01/11 VALUATION DASHBOARD : Financials And Real Estate - Update
01/10 My Dividend Growth Portfolio - Q4 2016 Summary
01/10 A Conservative Asset Manager For The Income Investor Looking For Consistency
01/06 MY 2016 PORTFOLIO WRAP UP : 2 New Positions, 3 Existing And 1 Sale
01/05 DIVIDENDS AND BUYBACKS : 2016 Review And 2017 Picks
Financials ($)
Sales 2016 11 646 M
EBIT 2016 1 683 M
Net income 2016 1 293 M
Debt 2016 -
Yield 2016 2,47%
P/E ratio 2016 15,15
P/E ratio 2017 12,59
Capi. / Sales 2016 1,56x
Capi. / Sales 2017 1,49x
Capitalization 18 218 M
More Financials
Duration : Period :
Ameriprise Financial, Inc. Technical Analysis Chart | AMP | US03076C1062 | 4-Traders
Full-screen chart
Technical analysis trends AMERIPRISE FINANC...
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 133 $
Spread / Average Target 15%
Consensus details
EPS Revisions
More Estimates Revisions
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$)
UBS GROUP AG0.00%65 125
BLACKROCK, INC.-0.31%61 481
More Results