ADVFN - Advanced Financial Network.
HOME» NYSE » I » IVZ Stock Price » IVZ Stock News

Invesco Ltd Share News

 Invesco Ltd Stock Price
IVZ Stock Price
 Invesco Ltd Stock Chart
IVZ Stock Chart
 Invesco Ltd Stock News
IVZ Stock News
 Invesco Ltd Company Information
IVZ Company Information
 Invesco Ltd Stock Trades
IVZ Stock Trades

Invesco 2Q Profit Falls 46% On Merger-Related Charges

DOW JONES NEWSWIRES Invesco Ltd.'s (IVZ) second-quarter earnings fell 46% as the money manager's revenue climbed on a recent acquisition but its bottom line was hurt by $79.3 million of merger-related charges. The company, like others in the sector, rebounded from year-earlier problems in recent quarters, helped by revived markets. Invesco's bottom line had been boosted by investment gains and increased fees. The company also stands to benefit long-term from last month's $1.7 billion buy of Morgan Stanley's (MS) retail asset-management business, which includes the Van Kampen fund unit. Invesco posted a profit of $40.8 million, or 9 cents a share, down from $75.7 million, or 18 cents, a year earlier. Excluding items such as the merger-related charges, earnings rose to 27 cents from 21 cents as revenue jumped 26% to $787 million amid the acquisition. Analysts polled by Thomson Reuters had most recently forecast earnings of 27 cents on $772 million in revenue. Assets under management rose to $557.7 billion as of June 30, up from $457.7 billion on March 31, on the acquisition. Long-term net inflows were $13.9 billion, up from $3.6 billion in the first quarter. Institutional money-market net outflows were $900 million, down sequentially from $10.6 billion. Shares closed at $19.83 Monday and were inactive premarket. The stock has fallen 16% so far this year. -By Nathan Becker, Dow Jones Newswires; 212-416-2855; nathan.becker@dowjones.com

Stock News for Invesco Ltd (IVZ)
DateTimeHeadline
05/26/201608:30:00Invesco Canada lance un fonds équilibré et un fonds de titres à...
05/26/201608:30:00Invesco Canada launches new global balanced and fixed income...
05/23/201616:36:47Statement of Changes in Beneficial Ownership (4)
05/20/201603:00:00WL Ross & Co. Sells 20 Percent of VTG AG, Completing a €358 M...
05/19/201614:00:00Invesco Canada améliore sa gamme de fonds communs de placement
05/19/201614:00:00Invesco Canada enhances mutual fund lineup
05/19/201612:20:00Shareholders Seek to Oust Two Exco Directors
05/19/201612:00:00Invesco Real Estate and SSV Properties Sell Apollo at Rosecrans...
05/18/201613:00:00PowerShares Canada annonce des distributions en espèces pour...
05/18/201613:00:00PowerShares Canada announces cash distributions for TSX-listed...
05/16/201614:11:56Form 13f Holdings Report (13f-hr)
05/13/201616:31:30Current Report Filing (8-k)
05/12/201609:08:54Current Report Filing (8-k)
05/11/201608:56:59Current Report Filing (8-k)
05/11/201608:00:00Invesco Further Strengthens Multi Asset Team
05/10/201616:15:00Invesco Ltd. Announces April 30, 2016 Assets Under Management
05/04/201617:09:00Jemstep Added to Pershing's Platform to Offer Digital Solution
05/03/201616:28:56Statement of Changes in Beneficial Ownership (4)
05/03/201616:28:28Statement of Changes in Beneficial Ownership (4)
05/03/201616:26:16Statement of Changes in Beneficial Ownership (4)

Invesco Ltd and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad