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(LM) Legg Mason’s December Assets Under Management Perks Up

vitalstocks — Fri, 13 Jan 2012 21:09:21 +0000

Baltimore-based Legg Mason Inc. (LM) experienced a rise in its assets under management (AUM) in December on a sequential basis. This was preceded by a decline in November and a rise in October AUM. Preliminary month-end AUM came in at $627.0 billion, up 1.0% from $620.6 billion at the end of November. Though equity AUM [...]

(LM) Legg Mason’s December Assets Under Management Perks Up

(PFG) Principal Financial Group Guides – Approves Buyback

vitalstocks — Thu, 08 Dec 2011 19:02:41 +0000

Principal Financial Group Inc. (PFG) guides its 2012 operating earnings in a band of $3.05–$3.25 per share. The Zacks Consensus Estimate for 2012 is $3.17, toward the high end of the company’s guidance. The company also expects an average S&P 500 Index of 1,275 in 2012, driving an 8%–10% year-over-year increase in average assets under [...]

(PFG) Principal Financial Group Guides – Approves Buyback

(FII) Federated Investors Incorporated – Bear of the Day

vitalstocks — Wed, 05 Oct 2011 16:11:16 +0000

Federated Investors’ (FII) second-quarter 2011 earnings were in line with the Zacks Consensus Estimate. Results reflected decreased top-line growth, increase in voluntary fee waivers, and increased operating expenses. These negatives were further offset by a rise in fixed income and equity assets as well as higher assets under management (AUM). The regulatory backdrop, volatile equity [...]

(FII) Federated Investors Incorporated – Bear of the Day

(AVAV) Investing in AeroVironment

InvestmentU — Tue, 20 Sep 2011 20:29:43 +0000

Clean Energy and Spy Bots The biggest problem with most clean energy companies is the speculation involved. Most aren’t profitable, at least not yet, especially in the electronic vehicle (EV) market. It’s a guessing game trying to figure out what products or brands will take off. For instance, a company such as Ecotality (Nasdaq: ECTY) [...]

(AVAV) Investing in AeroVironment

(LM) Legg Mason’s August AUM Plunges Assets Under Management

vitalstocks — Mon, 19 Sep 2011 20:45:39 +0000

Baltimore-based Legg Mason Inc. (LM) experienced a decline in its assets under management (AUM) in August on a sequential basis. This was preceded by a drop in both July and June. Preliminary month-end AUM came in at $643.4 billion, down 1.8% from $655.4 billion at the end of July. Moreover, equity AUM and fixed income [...]

(LM) Legg Mason’s August AUM Plunges Assets Under Management

(FII) Federated Investors Incorporated – Bear of the Day

vitalstocks — Tue, 12 Jul 2011 17:01:25 +0000

We are downgrading our recommendation on Federated Investors, Inc. (FII) to Underperform from Neutral based on expected downward pressure on assets under management (AUM), flows and margins. Regulatory backdrop, waning equity markets and sluggish global economic growth are expected to keep earnings under pressure. Federated’s lowered AUM has resulted in a negative organic growth in [...]

(FII) Federated Investors Incorporated – Bear of the Day

(PFG) Principal Financial Group to Take Over Origin

vitalstocks — Mon, 11 Jul 2011 15:34:08 +0000

Yesterday, Principal Global Investors, LLC, a unit of Principal Financial Group (PFG), announced that it would purchase a 74% stake in London-based Origin Asset Management, LLP. The acquisition of Origin would strengthen Principal’s global equity capability, broaden its product suite, as well as enhance its investment potential in emerging markets and in global small and [...]

(PFG) Principal Financial Group to Take Over Origin

(BEN) Franklin Resources Analyst Downgrades Shares to Neutral

vitalstocks — Thu, 07 Jul 2011 17:06:02 +0000

We have downgraded our recommendation on Franklin Resources Inc. (BEN) to Neutral from Outperform apprehending costly regulatory issues in a volatile economic environment. However, Franklin’s second-quarter 2011 earnings of $2.25 per share outpaced the Zacks Consensus Estimate of $2.00 per share. Results reflected robust growth in revenue and higher AUM, partially offset by increased operating [...]

(BEN) Franklin Resources Analyst Downgrades Shares to Neutral

(LM) Legg Mason Analyst Reiterates Shares at Neutral

vitalstocks — Sun, 03 Jul 2011 19:25:25 +0000

We maintain our Neutral recommendation on Legg Mason Inc. (LM) based on strong fourth-quarter results. However, Legg Mason experienced a decline in its assets under management (AUM) in May on a sequential basis. This was preceded by a slight decline in April, but a modest increase in March AUM. Preliminary May-end AUM came in at [...]

(LM) Legg Mason Analyst Reiterates Shares at Neutral

(BX) Blackstone Group to Buy Royal Bank of Scotland Group’s Risky Loans

vitalstocks — Fri, 01 Jul 2011 20:34:33 +0000

On Thursday, the Financial Times reported that Blackstone Group (BX) has agreed to purchase risky commercial-property loans worth 1.4 billion pounds ($2.3 billion) from U.K.-based Royal Bank of Scotland Group Plc (RBS). Blackstone would buy a 25% stake in the loan portfolio and also takeover the management of the assets, in an attempt to recover [...]

(BX) Blackstone Group to Buy Royal Bank of Scotland Group’s Risky Loans

(AMP) Ameriprise Financial Authorizes Share Buyback

vitalstocks — Mon, 20 Jun 2011 16:22:24 +0000

Ameriprise Financial Inc. (AMP) announced that its board of directors has authorized a new share repurchase program, under which the company will be able to buyback its common shares worth $2 billion through June 28, 2013. Ameriprise stated that this new share repurchase authorization is an extension of its current program. The current program, announced [...]

(AMP) Ameriprise Financial Authorizes Share Buyback

(PFG) Principal Financial Group Analyst Maintains Neutral on Shares

vitalstocks — Sun, 19 Jun 2011 17:28:23 +0000

Principal Financial Group Inc. (PFG) continues to post solid growth in assets under management. Also, the company continues to effectively deploy $700 million of capital. Moreover, Principal Financial scores strongly with the credit rating agency. However, volatility in the financial markets and Principal’s investment portfolio exposure to commercial real estate are partial offsets to the [...]

(PFG) Principal Financial Group Analyst Maintains Neutral on Shares

(BEN) Franklin Resources Incorporated – Bull of the Day

vitalstocks — Mon, 23 May 2011 13:59:48 +0000

Franklin Resources Inc.’s (BEN) second quarter 2011 earnings of $2.25 per share outpaced the Zacks Consensus Estimate of $2.00 per share. Results reflected robust growth in revenue and higher assets under management (AUM), partially offset by increased operating expenses. Moreover, the results were ahead of earnings of $1.55 per share in the prior-year quarter and [...]

(BEN) Franklin Resources Incorporated – Bull of the Day

(BEN) Franklin Resources Inc – Bull of the Day

vitalstocks — Wed, 18 May 2011 18:09:32 +0000

(BEN) Franklin Resources Inc – Bull of the Day

(BX) Blackstone Group May Purchase Valad

vitalstocks — Tue, 03 May 2011 18:33:02 +0000

According to Bloomberg, New York-based The Blackstone Group (BX) may buy-out Australian real estate firm Valad Property Group, valued at approximately $240 million (A$220 million). Valad is heavily burdened with debt after the company struggled to pay off debt as the value of its assets plummeted through the financial crisis. In 2007, Valad purchased properties [...]

(BX) Blackstone Group May Purchase Valad

(PFG) Principal Financial Beats Top Line Estimates

vitalstocks — Tue, 03 May 2011 18:28:53 +0000

Principal Financial’s (PFG) first quarter operating earnings of 71 cents per share modestly surpassed the Zacks Consensus Estimate by a penny. Results were ahead of 69 cents earned in the prior-year quarter. Operating earnings were $231.8 million, up by 5% from $203.9 million in the corresponding quarter last year. Principal Financial delivered a strong quarter [...]

(PFG) Principal Financial Beats Top Line Estimates

(AMP) Ameriprise Financial Earnings Beat on Higher Revenue

vitalstocks — Tue, 03 May 2011 17:36:48 +0000

Ameriprise Financial Inc.’s (AMP) first quarter 2011 operating earnings of $1.35 per share beat the Zacks Consensus Estimate of $1.33. This also fared well against the prior-year quarter’s earnings of 85 cents per share. Operating results exclude after-tax market impact on variable annuity guaranteed living benefits charge of $11 million, integration costs of 19 million, [...]

(AMP) Ameriprise Financial Earnings Beat on Higher Revenue

(LM) Legg Mason Assets Under Management Rises Marginally

vitalstocks — Thu, 14 Apr 2011 02:54:52 +0000

Baltimore-based Legg Mason Inc. (LM) experienced a slight increase in its assets under management (AUM) in March on a sequential basis. This was preceded by a modest rise in February and stable AUM in Janaury. Preliminary month-end AUM came in at $677.6 billion, up 0.7% from $672.7 billion at the end of February. Fixed income, [...]

(LM) Legg Mason Assets Under Management Rises Marginally

(PFG) Principal Financial Group Expands in Mexico

vitalstocks — Tue, 12 Apr 2011 17:36:25 +0000

Principal Financial Group, S.A. de C.V., has agreed to acquire HSBC AFORE, S.A. de C.V. (HAFO) from Grupo Financiero HSBC, S.A. de C.V., as announced by The Principal Financial Group Inc. (PFG). HSBC Afore, SA de C.V., is the pension funds management business of Grupo Financiero HSBC, SA de C.V. The purchase consideration is approximately [...]

(PFG) Principal Financial Group Expands in Mexico

(BX) Money Management Stocks Gaining Momentum – Investment Ideas

vitalstocks — Fri, 01 Apr 2011 20:15:58 +0000

The big stock market rally of the last two years has been driven by massive capital inflows into equities. But a good portion of that volume has come on the back of large institutional players like hedge fund and pension managers that control big blocks of cash. But now, with the rally entering its third [...]

(BX) Money Management Stocks Gaining Momentum – Investment Ideas

(AMP) Stock Market News for March 10, 2011 – Market News

vitalstocks — Thu, 10 Mar 2011 17:35:46 +0000

The second anniversary of the market’s Bull Run ended on a weak note as markets pared gains of the earlier trading day and closed marginally lower. The S&P 500 has gained 95.4% since it slid to 676.53 on March 9, 2009. However, continuing unrest in the Persian Gulf and concerns over the conflict spreading to [...]

(AMP) Stock Market News for March 10, 2011 – Market News

(TROW) T. Rowe Price Group Announces Increased Dividend

vitalstocks — Sat, 19 Feb 2011 21:10:03 +0000

T. Rowe Price Group, Inc.’s (TROW) board of directors approved a 15.0% hike in the company’s quarterly common stock dividend on Thursday. The revised quarterly dividend now stands at 31 cents per share compared with the previous amount of 27 cents. The revised dividend will be payable on March 29, to shareholders as of the [...]

(TROW) T. Rowe Price Group Announces Increased Dividend

(AMP) Company News for November 29, 2010 – Corporate Summary

vitalstocks — Mon, 29 Nov 2010 20:45:26 +0000

• General Motors (NYSE:GM) announced that its underwriters exercised their greenshoe option to purchase an additional 71.7 million shares, helping the formerly bankrupt auto company notch up a record $23 billion • Quantas resumed flights of its Airbus A380 aircraft, the first since an explosion of an engine on November 4 caused an emergency landing and forced [...]

(AMP) Company News for November 29, 2010 – Corporate Summary

(BX) Stock Market News for October 28, 2010 – Market News

vitalstocks — Thu, 28 Oct 2010 15:05:23 +0000

After swinging back and forth for much of the session, stocks closed mostly in the red Wednesday amid concerns that the Fed’s planned purchase of Treasury bonds would not be as heavy and swift as earlier anticipated. Traders are eagerly awaiting a Federal Reserve move to inject more money into the economy by buying bonds. [...]

(BX) Stock Market News for October 28, 2010 – Market News

(BLK) Company News for October 11, 2010 – Corporate Summary

vitalstocks — Tue, 12 Oct 2010 16:52:19 +0000

• Microsoft (NASDAQ:MSFT) will unveil its Windows Phone 7 at a NY press event, initially thought to be offered on AT&T’s (NYSE:T) network • Reports say Google (NASDAQ:GOOG) is testing its driverless car • China’s CNOOC (NYSE:CEO) is undertaking its first US deal since 2005, with an offer of up to $2.16 billion for a stake in Chesapeake [...]

(BLK) Company News for October 11, 2010 – Corporate Summary

(TROW) Congressional Budget Office Reports on Deficits, Budget

vitalstocks — Mon, 23 Aug 2010 04:25:35 +0000

The Congressional Budget Office projects that the budget deficit will total $1.342 trillion in fiscal 2010 (which is a pretty firm projection since the year ends on September 30th). That is $71 billion less than fiscal 2009, and $27 billion lower than what it projected last time it did the numbers in March. For 2011 and [...]

(TROW) Congressional Budget Office Reports on Deficits, Budget

(JNS) Janus Capital Group Analyst Reiterates At Neutral

vitalstocks — Sun, 22 Aug 2010 22:58:36 +0000

We have reiterated our recommendation on Janus Capital Group Inc. (JNS) at Neutral following the company’s earnings release. Our decision is based on the company’s fundamentals and the current economic scenario. Second Quarter Performance Janus Capital’s earnings per share came in at 17 cents, outpacing the Zacks Consensus Estimate of 14 cents, primarily driven by [...]

(JNS) Janus Capital Group Analyst Reiterates At Neutral

(BX) Blackstone Group to Acquire Dynegy

vitalstocks — Mon, 16 Aug 2010 19:49:42 +0000

On Friday, Blackstone Group (BX) announced that it will acquire Houston-based energy company Dynegy Inc. (DYN) for $4.7 billion (including debt). Under the deal, Blackstone will pay $4.50 per share (a 62% premium on the closing price of $2.78 on August 12) in cash for about 120.6 million outstanding shares of Dynegy. In addition, Dynegy [...]

(BX) Blackstone Group to Acquire Dynegy

(LM) Legg Mason’s July Assets Under Management Higher

vitalstocks — Fri, 13 Aug 2010 23:46:25 +0000

Legg Mason Inc. (LM) reported preliminary month-end assets under management (AUM) of $659.3 billion for the month of July, up 2.0% from $645.4 billion at the end of the prior month having declined marginally in June from May. The company has recorded a rise in AUM after two consecutive months of decline. At the end [...]

(LM) Legg Mason’s July Assets Under Management Higher

(JNS) Janus Capital Group’s Second Quarter 2010 Earnings Beat Estimates

vitalstocks — Sat, 24 Jul 2010 19:48:50 +0000

Janus Capital Group Inc.’s (JNS) second quarter earnings per share came in at 17 cents, outpacing the Zacks Consensus Estimate of 15 cents primarily due to higher average assets under management (AUM). This also came in significantly higher than the 10 cents reported in the year-ago quarter but was flat sequentially. Net income was $30.2 [...]

(JNS) Janus Capital Group’s Second Quarter 2010 Earnings Beat Estimates

(BLK) BlackRock Announces Plans to Double Mexican Asset Portfolio

vitalstocks — Fri, 18 Jun 2010 17:49:50 +0000

On Wednesday, BlackRock, Inc. (BLK) said that the company intends to double its $13 billion asset portfolio in Mexico in the next three years. The company enjoys huge demand for Exchange Traded Funds (ETFs) by many foreign and institutional investors. Black Rock’s major business interest in Mexico is the iShare group of ETFs. In December [...]

(BLK) BlackRock Announces Plans to Double Mexican Asset Portfolio

(LM) Legg Mason Plans $300 Million Stock Buyback

vitalstocks — Wed, 26 May 2010 23:28:24 +0000

Baltimore-based money manager Legg Mason, Inc. (LM) announced on Monday that it will buy back its $300 million common stock in an accelerated share repurchase transaction. As a result, the transaction is expected to be completed earlier before the previously scheduled time. The recent announcement is a part of Legg Mason’s $1 billion share repurchase [...]

(LM) Legg Mason Plans $300 Million Stock Buyback

(BEN) Franklin Resources Announced it Priced Notes Offerings

vitalstocks — Mon, 24 May 2010 21:09:06 +0000

Franklin Resources Inc. (BEN) announced on Monday that it has priced its public offering of $300 million aggregate principal amount of 2% notes due 2013 at an issue price of 99.823%, $250 million aggregate principal amount of 3.125% notes due 2015 at an issue price of 99.890%, and $350 million aggregate principal amount of 4.625% [...]

(BEN) Franklin Resources Announced it Priced Notes Offerings

(TROW) T. Rowe Price Group’s Earnings Scorecard

vitalstocks — Mon, 24 May 2010 04:27:30 +0000

T. Rowe Price Group Inc. (TROW) reported first quarter 2010 results on April 23, which fell short of the Zacks Consensus Estimate by 1 cent. However, results came in significantly above the prior-year quarter, driven by top-line growth and increased assets under management (AUM). Nevertheless, following the earnings announcement, the response from analysts covering T. [...]

(TROW) T. Rowe Price Group’s Earnings Scorecard

(AMP) Ameriprise Financial Buys Back $1.5 Billion in Stock

vitalstocks — Thu, 13 May 2010 22:51:02 +0000

In an attempt to return value to its shareholders, on Tuesday, the board of Ameriprise Financial Inc. (AMP) announced the authorization for a stock buyback program of its common shares worth approximately $1.5 billion. This stock repurchase is expected to be valid till the company’s annual shareholders meeting in 2012. Management of Ameriprise projects to [...]

(AMP) Ameriprise Financial Buys Back $1.5 Billion in Stock

(LM) Legg Mason’s Earnings Report Outshines Street Estimates

vitalstocks — Tue, 11 May 2010 22:06:22 +0000

Legg Mason Inc.’s (LM) fourth-quarter earnings of 39 cents per share surpassed the Zacks Consensus Estimate of 35 cents as well as prior-quarter earnings of 28 cents. Earnings came in substantially ahead of a loss of $2.33 per share reported in the fourth quarter of 2009 due to extensive expense control that led to higher-than-expected [...]

(LM) Legg Mason’s Earnings Report Outshines Street Estimates

(PFG) Principal Financial Group Reports Earnings Ahead of Estimates

vitalstocks — Wed, 05 May 2010 21:16:39 +0000

Principal Financial Group Inc. (PFG) reported first quarter earnings of $255.6 million or 79 cents per share, beating the Zacks Consensus Estimate of 68 cents. The company had earned $164.0 million or 63 cents in the year-ago quarter. The beat was driven by the strong performance of its U.S. Asset Accumulation segment. The company recorded [...]

(PFG) Principal Financial Group Reports Earnings Ahead of Estimates

(FIG) GMAC to Sell European Mortgage Business to Affiliates of Fortress Investment Group

vitalstocks — Tue, 13 Apr 2010 21:59:05 +0000

In an effort to reduce its exposure to legacy mortgage business, GMAC Financial Services of GMAC Inc. (GJM) yesterday announced a deal to sell its European mortgage business. The company said that its mortgage subsidiary, Residential Capital LLC, has agreed to sell its European mortgage assets and businesses to affiliates of certain funds managed by [...]

(FIG) GMAC to Sell European Mortgage Business to Affiliates of Fortress Investment Group

(FII) Federated Investors Borrows $425 Million

vitalstocks — Tue, 13 Apr 2010 21:34:13 +0000

On Monday, Federated Investors Inc. (FII) announced that it has got into a new term-loan agreement worth $425 million for five years, thereby revising its existing $140 million term-loan agreement. The principal amount of the new term loan will be paid on a quarterly basis, with $10.6 million per quarter for the first four years [...]

(FII) Federated Investors Borrows $425 Million

(AMP) Ameriprise Financial Analyst Downgrades to Neutral

vitalstocks — Mon, 29 Mar 2010 17:41:44 +0000

Given the current critical sustainability factor, we are downgrading our recommendation on the shares of Ameriprise Financial Inc. (AMP) to Neutral from Outperform. Although the company’s third quarter earnings were significantly ahead of the Zacks Consensus Estimate, concerns related to sluggish equity markets, higher tax expense projections for 2010 and significant cost of maintaining high [...]

(AMP) Ameriprise Financial Analyst Downgrades to Neutral

(TROW) T. Rowe Price Group to Buy a Stake in China’s Largest Fund Management Firm

vitalstocks — Thu, 18 Mar 2010 19:23:04 +0000

Investment firm T. Rowe Price Group Inc. (TROW) is in advanced talks to buy a stake in Asset Management Co. (“China AMC”) from its holding company Citic Securities. Citic Securities, which is aggressively seeking licenses for margin trading and short selling, has orders from the regulators to reduce its ownership in China AMC to 49% [...]

(TROW) T. Rowe Price Group to Buy a Stake in China’s Largest Fund Management Firm

(AMP) Ameriprise Financial Incorporated – Earnings Estimates Climbing

vitalstocks — Wed, 03 Mar 2010 22:02:43 +0000

Ameriprise Financial, Inc. (AMP) recently rebounded from a key trend line to jump back within striking distance of the 52-week high at $42.98. Shares of AMP have been trending higher for most of the last month on the heels of the company’s better than expected Q4 results from early February. Company Description Ameriprise Financial, Inc., [...]

(AMP) Ameriprise Financial Incorporated – Earnings Estimates Climbing

($AMP) Ameriprise Financial Analyst Raises Stock to Outperform

vitalstocks — Mon, 01 Mar 2010 16:08:14 +0000

Given the current market recovery factor and valued growth indicators, we are upgrading our recommendation for the shares of Ameriprise Financial Inc. (AMP) to Outperform from Neutral. Although the current economic turmoil has weakened growth and the operating leverage of organizations across the financial industry, we believe that once the economy rebounds, it will also [...]

($AMP) Ameriprise Financial Analyst Raises Stock to Outperform

(EV) Eaton Vance’s Earnings Report Meets View

vitalstocks — Mon, 01 Mar 2010 03:47:59 +0000

Asset manager Eaton Vance Corp.’s (EV) fiscal 2010 first-quarter earnings surged to $46.2 million from $24.7 million in the year-ago quarter, primarily driven by higher fees on its funds amid an ongoing recovery in capital markets. Excluding special items, earnings per share came in at 36 cents, matching the Zacks Consensus Estimate. The company now [...]

(EV) Eaton Vance’s Earnings Report Meets View

(TROW) T. Rowe Price Group Explores Asia – Taiwan Next

vitalstocks — Thu, 25 Feb 2010 23:21:19 +0000

Consolidating its base in Asia, T. Rowe Price Group Inc. (TROW) is all set to hit Taiwan’s retail markets by launching four equity funds through an electronic fund trading platform of Marbo Group, a Taiwanese corporation, Reuters reported on Wednesday. In order to sell to retail investors in Taiwan, foreign firms need to tie up [...]

(TROW) T. Rowe Price Group Explores Asia – Taiwan Next

(AMP) Ameriprise Financial – Bull of the Day

vitalstocks — Wed, 24 Feb 2010 19:00:50 +0000

We are upgrading our recommendation on Ameriprise Financial (AMP) to Outperform from Neutral. The company’s fourth quarter earnings came in substantially ahead of the Zacks Consensus Estimate, aided by strong top-line growth and expense management. The company continues to benefit from its re-engineering and cost-control initiatives. Additionally, improvements witnessed in retail client activity will drive [...]

(AMP) Ameriprise Financial – Bull of the Day

(FII) Federated Investors Incorporated Initiated as Neutral

vitalstocks — Tue, 09 Feb 2010 03:44:13 +0000

We are initiating coverage on Federated Investors Inc. (FII) with a Neutral recommendation. The company’s fourth-quarter earnings of 51 cents per share missed the Zacks Consensus Estimate by a couple of pennies on money fee waivers and higher operating expenses. Results reflected an increase in fixed income equity funds, fixed income assets and equity assets, [...]

(FII) Federated Investors Incorporated Initiated as Neutral

(AMP) Ameriprise Financial Beats Estimates

vitalstocks — Sat, 06 Feb 2010 00:57:47 +0000

Ameriprise Financial Inc.’s (AMP) fourth quarter core operating earnings per share of 91 cents were substantially ahead of the Zacks Consensus Estimate of 75 cents and 80 cents in the prior-year quarter. Core operating results exclude realized net investment gains/losses, non-recurring integration costs and other market impacts. Results for the quarter primarily benefited from increased [...]

(AMP) Ameriprise Financial Beats Estimates

(BEN) Franklin Resources Benefits from New Assets

vitalstocks — Sat, 30 Jan 2010 21:26:01 +0000

Franklin Resources Inc’s (BEN) first-quarter earnings of $1.54 per share were ahead of the Zacks Consensus Estimate of $1.47. Results were also ahead of the prior-year period’s earnings of 52 cents. The better-than-expected results reflected a greater inflow of cash in its funds. Total operating revenues increased 42.0% year-over-year to $1.4 billion, primarily led by [...]

(BEN) Franklin Resources Benefits from New Assets

(TROW) T. Rowe Price Group Price Results Improve

vitalstocks — Sat, 30 Jan 2010 21:12:30 +0000

T. Rowe Price Group, Inc.’s (TROW) fourth quarter 2009 earnings of 57 cents per share came in ahead of the Zacks Consensus Estimate of 55 cents due to higher-than-expected top-line growth and higher assets under management (AUM). Earnings per share were drastically up from 9 cents in the prior-year quarter. Net income applicable to common [...]

(TROW) T. Rowe Price Group Price Results Improve