Investors betting on rising rates and bank stocks may want to consider fund managers, especially with the Fed in no rush to push rates up.» Read More
Aug 18- Asset manager Eaton Vance Corp's quarterly profit narrowly beat analysts' estimates, as it investment advisory and administrative business fees increased 6 percent. Net income attributable to the company's shareholders rose to $77.9 million, or 63 cents per share, from $23.2 million, or 18 cents per share, a year earlier.
July 31- Asset manager Legg Mason Inc's net income rose 51 pct in the first quarter, driven by increased assets under management and lower operating expenses. Legg Mason's total operating revenue rose 3.5 percent to $693.9 million in the quarter, while operating expenses fell 2 percent to $574.3 million.
July 31- Asset manager Legg Mason Inc's quarterly profit rose 51 percent, driven by increased assets under management and lower operating expenses. Net income attributable to the company rose to $72.2 million, or 61 cents per share, in the first quarter ended June 30, from $47.8 million, or 38 cents per share, a year earlier.
July 31- Asset manager Legg Mason Inc's quarterly profit more than doubled, driven by increased assets under management and lower operating expenses. Net income attributable to the company rose to $72.2 million, or 61 cents per share, in the first quarter ended June 30, from $47.8 million, or 38 cents per share, a year earlier.
July 11- U.S. regulators on Friday suspended trading in Cynk Technology Corp, citing possible market manipulation in the one-time penny stock whose market value rocketed within weeks from less than $20 million to more than $6 billion.
It's time for the Lightning Round. Cramer makes the call on viewer favorites.
LONDON, June 11- Canny caution or bumbling oversight, the world's richest people have retained huge stockpiles of zero-yielding cash throughout the recent surge in financial asset prices.
Stifel Financial said it would buy asset manager Legg Mason's investment advisory unit to expand its wealth management business.
June 4- Stifel Financial Corp said it would buy asset manager Legg Mason Inc's investment advisory unit to expand its wealth management business. Legg Mason's chief executive Joseph Sullivan, who was put at the helm in February last year, has been trying to reverse a long record of net quarterly withdrawals by customers tied to past performance problems.
June 4- Stifel Financial Corp said it would buy Legg Mason Investment Counsel& Trust Co from asset manager Legg Mason Inc for an undisclosed price. LMIC will become part of Stifel's global wealth management business. The deal is expected to close in the fall of 2014..
Legg Mason's Bill Miller may have lost 20 percent of his investment in bitcoin, but he's still bullish on its potential.
Treasurys rose on month-end buying and lingering concerns about EM economies, putting safe-haven bonds on track to notch strong gains in January.
U.S. stock index futures signaled a steep drop at the start of trading on Wall Street Friday, ahead of fourth quarter earnings from Chevron and MasterCard.
A unit of asset manager Legg Mason will pay more than $21 million to settle civil cases with that accused the company of hiding losses from investors.
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Value investor pioneer Bill Miller—with a hot hand after buying Netflix and Best Buy last year—is now talking up Apple and Microsoft.