Wednesday, January 29, 2020

T. Rowe Price reports strong profit, asset growth in 2019

T. Rowe Price Group Inc. kept its strong growth going as last year came to an end, with net income rising 55% for the fourth quarter and 16% for the year. The Baltimore investment firm saw assets under management rise to $1.21 trillion in the quarter ended Dec. 31, with net client inflows into its mutual funds growing to $2.8 billion for the quarter — with the highest inflow into its target-date retirement funds since 2014. T. Rowe (NASDAQ: TROW) reported net income of $545.3 million, or $2.24…



from https://www.bizjournals.com/baltimore/news/2020/01/29/t-rowe-price-reports-strong-profit-asset-growth-in.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/190532859072

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