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Rating:T. Rowe Breaks a Record and Triples Profits Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, April 23, 2010

T. Rowe Breaks a Record and Triples Profits

News summary by MFWire's editors

T. Rowe Price Group's first quarter results contain a milestone for the Baltimore firm: its assets under management have reached a record level of $419 billion, according to its covered in the Wall Street Journal, in which analysts said they expected to see earnings of $0.59 on net revenue of $574 million.

The firm also reported record net cash inflows of $10.3 billion in the first quarter of 2010. Of note, $2.4 billion of the net inflows originated in T. Rowe's target-date retirement investment portfolios. 

Edited by: Stephanie Bernhard

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