Ameriprise Financial Inc.'s fourth-quarter profit rose 43 percent, pushed up by strong growth of fee-based business and market appreciation.
The Minneapolis-based investment services firm on Wednesday reported net income of $426 million in the last three months of 2014, up from $298 million a year earlier. Revenue rose 5 percent to $3 billion.
Adjusted for one-time costs and discontinued operations, its profit amounted to $2.30 a share, above the $2.22 a share forecast of analysts.
For the year, Ameriprise saw its operating return on equity rise to 23 percent, a record.
Evan Ramstad
![Gas was $2.39 at the BP gas station ay 46th Street at Lyndale in South Minneapolis. ] GLEN STUBBE * gstubbe@startribune.com Friday September 4, 2015 Pre-Labor Day gas prices in the U.S. are the lowest in 11 years, and under $2 per gallon in many states, though Minnesota's average is nearly 40 cents higher. Just one station, in Brainerd, was selling at $1.99. Checking on whether that is a promotion. Costco and Sams Clubs, usually the low price leaders, were 15 cents more. With some motorists' tho](https://arc.stimg.co/startribunemedia/4U372WPXFGGQGQHPL2CTC4SFUY.jpg?&w=252&ar=3:2&fit=crop)