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BALTIMORE _ Legg Mason Inc. on Friday reported fiscal second-quarter earnings of $4.9 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share. Analysts expected $707 million, according to Zacks.
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.
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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..
May 21- Asset manager Eaton Vance Corp's quarterly profit rose nearly 18 percent as it earned higher fees from its investment advisory and administrative services, sending its shares up more than 4 percent in early trading. Excluding items, Boston- based Eaton Vance earned 59 cents per share.
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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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