Check out which companies are making headlines after the bell Thursday:» Read More
NEW YORK, Oct 31- Asset manager Invesco Ltd said on Thursday that its third-quarter profit rose 34 percent as strong net inflows, primarily in its retail business, helped boost assets. Assets under management at Invesco grew by $39.9 billion during the quarter to total $745.5 billion at the end of September, a 12.4 percent increase from a year earlier.
Oct 25- Asset manager Legg Mason Inc on Friday said its quarterly profit rose 7 percent compared with a year ago as assets and performance fees rose, but reported an outflow of investor cash from its equity funds.
Customers withdrew more money than they added for a variety of reasons among the firms, which include T. Rowe Price Group Inc, Franklin Resources Inc, Janus Capital Group Inc, and at Federated Investors Inc..
Check out which companies are making headlines after the bell Thursday:
Fidelity Investments received permission from U.S. regulators to open its own actively managed exchange-traded funds.
The rally makes it crucial to pick cream-of-the-crop stocks, Laszlo Birinyi of Birinyi Associates says.
A looming increase in taxes could force the hand of some companies to issue special dividends before year end, making it a record year for payouts, but which ones?
Oct 25- Two big asset managers reported quarterly revenue declines on Thursday as investors moved into lower-fee fixed-income funds. Janus Capital Group said its third-quarter revenue had fallen 12 percent to $209 million, mostly because it had added more performance fees for its mutual funds.
Oct 25- Asset manager Franklin Resources Inc said on Thursday its quarterly profit rose and just beat Wall Street expectations, but revenue fell and expenses increased. For its fiscal fourth quarter ended Sept. 30, Franklin said net income rose to $492.1 million, or $2.31 per share, from $416 million, or $1.88 per share, in the same period a year earlier.
*Franklin resources inc reports 32.4% stake in dynegy inc as of October 1-.
NEW YORK, Oct 10- Investors in U.S.-based mutual funds pumped the most new money into bond funds in nearly three years as the exodus from stock funds continued amid renewed global economic jitters, data from the Investment Company Institute showed on Wednesday.
Oct 9- Franklin Resources Inc:. *UBS raises Franklin Resources Inc price target to $130 from $120;. Reuters Station users, click. 1568.
Oct 8- Franklin Resources Inc:. *Preliminary month-end aum by the company's subsidiaries of $749.9 billion at. *September AUM increased from the $731.0 billion reported at the end of August.
Oct 8- Navistar International Corp agreed to appoint three new members to its board, avoiding a proxy fight with activist investors Carl Icahn and Mark Rachesky, who have demanded changes at the U.S. truck and engine maker. Navistar shares gained 5 percent to $22.28 in early trading on Monday following the news.
*Jefferies raises Franklin Resources Inc target price to $128 from. *Jefferies raises Janus Capital Group Inc target price to $9 from $8;. *Jefferies cuts Legg Mason Inc target price to $27 from $30; rating.
MELBOURNE Oct. 5, 2012-- Standard& Poor's Rating Services said today that it has raised its ratings on 38 hybrid capital instruments issued by eight Australian banking groups and their subsidiary companies; and at the same time removed them from CreditWatch with positive implications, where they were placed on Sept. 7, 2012.
Oct 02- Fitch Ratings has affirmed eight classes from three Torrens series- Series 2005-1 TORRENS Trust, Series 2005-3 TORRENS Trust, and TORRENS Series 2006-1. As of 31 August 2012, the 30+ day delinquencies of the collateral pools were 2.05%, 2.1% (Series 2005-3 TORRENS Trust) and 2.43% (TORRENS Series 2006-1).
Oct 1- U.S. power producer Dynegy Inc, which counts billionaire financier Carl Icahn among its shareholders, said on Monday it has emerged from Chapter 11, less than a month after winning court approval for its bankruptcy plan.
Stephanie Link, TheStreet director of research has the play on several under the radar stocks, including Agilent Technologies, Franklin Resources, Windstream, and Terra Nitrogen.
Can the average stock market investor make money investing in Wall Street's exclusive private-equity and debt trading clubs?