Wednesday, July 25, 2018

T. Rowe Price profit rises 20 percent in second quarter

T. Rowe Price Group Inc. profit rose 20 percent in the second quarter and its assets under management grew almost 16 percent despite a turbulent first half for the financial markets. Concerns about rising interest rates and an impending global trade war prevented the stock market from experiencing the sizable growth it attained last year. Even in that climate Baltimore-based T. Rowe Price reported net income of $448.9 million in the second quarter, or $1.77 per share, compared to $373.9 million,…



from https://www.bizjournals.com/baltimore/news/2018/07/25/t-rowe-price-profit-rises-20-percent-in-second.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/176266897042

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