Despite a volatile first quarter that saw the stock market slip, T. Rowe Price Group grew its assets under management and saw revenue rise 17 percent. The Baltimore money manager reported earnings rose 17.6 percent to $453.7 million in the quarter, or $1.77 per share. T. Rowe Price had earnings of $385.9 million, or $1.54 per share, in last year’s first quarter. T. Rowe Price attributed part of the increase in earnings to a decline in the firm’s tax rate as a result of the federal tax reform passed…
from https://www.bizjournals.com/baltimore/news/2018/04/25/t-rowe-price-assets-profit-rise-despite-stock.html?ana=RSS&s=article_search
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