T. Rowe Price Group Inc.’s profit rose 40 percent in the third quarter as “strong” stock returns helped fuel growth in the money manager’s assets under management. Baltimore-based T. Rowe Price reported net income of $583 million in the third quarter, or $2.30 per share, compared to $390.9 million, or $1.56 per share, in the prior-year quarter. On an adjusted basis the company’s net income was $505 million, or $1.99 per share, compared to $362.1 million, or $1.45 per share. T. Rowe Price adjusted…
from https://www.bizjournals.com/baltimore/news/2018/10/25/t-rowe-price-profit-increases-40-percent-as-stock.html?ana=RSS&s=article_search
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