T. Rowe Group Inc.’s profit grew 17.5% in the second quarter as revenue and assets under management increased due to “healthy returns” in the financial markets. The Baltimore-based money manager reported net income of $527.5 million, or $2.15 per share, compared to $448.9 million, or $1.77 per share, in the prior-year quarter. On an adjusted basis, T. Rowe Price’s earnings were up 5.4% to $498.1 million, or $2.03 per share. T. Rowe Price adjusts its numbers for the impact of consolidated investment…
from https://www.bizjournals.com/baltimore/news/2019/07/24/t-rowe-price-profit-revenue-grows-thanks-to.html?ana=RSS&s=article_search
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