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Invesco 1Q Profit More Than Triples; Outflows Recorded

DOW JONES NEWSWIRES Invesco Ltd.'s (IVZ) first-quarter earnings more than tripled as the money manager saw assets under management and fees improve and investment gains instead of losses. The result exceeded analysts' views. The industry continues to report a rebound from the prior-year period. Invesco also is poised for further growth amid Wall Street's consolidation from its planned $1.7 billion acquisition of Morgan Stanley's (MS) retail asset-management business, which includes the Van Kampen fund unit. Invesco reported a profit of $95 million, or 21 cents a share, up from $30.7 million, or 8 cents, a year earlier. The latest period included $103.1 million in investment gains. Excluding items such as investment gains and losses, earnings jumped to 27 cents from 11 cents as operating revenue climbed 31% to $719.1 million. Analysts polled by Thomson Reuters most recently forecast earnings of 26 cents on revenue of $743 million. Operating margin climbed to 19% from 11.3%. Assets under management rose to $419.6 billion as of March 31 from $348.2 billion a year earlier, but declined from $423.1 billion at the end of 2009. Long-term net inflows were $3.7 billion, compared with $2.6 billion in the fourth quarter. Institutional money-market net outflows were $10.6 billion for the first quarter and $7.7 billion for the fourth quarter. Shares closed Tuesday at $20.73 and were inactive premarket. The stock is down 12% this year. -By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com;

Stock News for Invesco Ltd (IVZ)
DateTimeHeadline
08/03/201512:00:00Invesco Closed-End Funds Declare Dividends
07/31/201514:30:00Invesco Canada réduit le niveau de risque de trois de ses fonds
07/31/201514:30:00Invesco Canada lowers risk rating on three funds
07/30/201514:08:52Quarterly Report (10-q)
07/30/201507:58:18Current Report Filing (8-k)
07/30/201507:30:00Invesco Reports Results for the Three Months Ended June 30, 2015
07/28/201510:00:00GOODBYE 60/40. HELLO 50/30/20: Invesco Launches New Integrated...
07/21/201514:00:00Securityholders approve Invesco Canada fund changes
07/21/201514:00:00Les porteurs de titres approuvent les changements apportés aux...
07/21/201512:45:00PowerShares Canada annonce des distributions en espèces pour...
07/21/201512:45:00PowerShares Canada announces cash distributions for TSX-listed...
07/20/201517:30:00Invesco Advisers Announces Shelf Registration Statements for...
07/20/201509:00:00Asset Management Stocks Technical Analysis -- Invesco, Janus...
07/15/201516:05:00Invesco Ltd. To Announce Second Quarter 2015 Results
07/14/201508:09:30Current Report Filing (8-k)
07/13/201516:05:00Invesco Ltd. Announces June 30, 2015 Assets Under Management
07/07/201516:30:00Invesco Mortgage Capital Closes on $21 Million Mezzanine Loan
07/01/201512:00:00Invesco Closed-End Funds Declare Dividends
06/23/201509:14:00IT'S ALL ABOUT HOW YOU SAY IT: Investors Drawn to Alternative...
06/22/201517:05:00Invesco Advisers Announces Portfolio Management Changes for Invesco...

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