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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
12/02/201609:00:00PowerShares Provides Estimated Capital Gains Information for...
12/01/201613:08:00Invesco Closed-End Funds Declare Dividends
12/01/201609:00:00Invesco Expands Factor ETF Line-up with Launch of Two High Dividend...
11/29/201616:19:18Statement of Changes in Beneficial Ownership (4)
11/28/201608:00:00Global Study: The Next Five Years Will See Dramatic Increase...
11/23/201621:40:00Wilbur Ross Expected to Be Named Commerce Secretary by Donald...
11/23/201616:01:00PowerShares Announces Listing Transfer for 27 ETFs
11/18/201616:13:00PowerShares Canada annonce les distributions annuelles estimatives...
11/18/201616:10:00PowerShares Canada announces estimated 2016 annual distributions...
11/18/201615:49:00Invesco annonce des distributions en espèces pour les FNB PowerShares...
11/18/201615:40:00Invesco announces cash distributions for Canadian-listed PowerShares...
11/14/201608:21:10Form 13f Holdings Report (13f-hr)
11/10/201610:07:32Current Report Filing (8-k)
11/10/201609:02:00Invesco Canada remporte six prix Lipper
11/10/201609:00:00Invesco Canada wins six Lipper awards
11/09/201616:15:00Invesco Ltd. Announces October 31, 2016 Assets Under Management...
11/07/201611:30:00L'équipe Invesco Fixed Income élargit sa présence au Canada
11/07/201611:30:00Invesco Fixed Income team expands Canadian presence
11/07/201611:00:00Invesco simplifie sa gamme de produits
11/07/201611:00:00Invesco simplifies product offering

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